The Australian All Ordinaries (XAO) closed the week 4.11% higher at 3869.00. There were four (4) positive days and one (1) negative day with the biggest move for the week occurring on Monday the 1/6/09 where the All Ordinaries closed up 1.98% higher. However, this was closley followed by Thursday the 4/6/09 where the All Ordinaries closed down 1.92%.
Once again the ASX 200 Financial Sector (XFJ) did not perform as well closing the week only 2.71% higher. This was primarily due to the Sector losing ground on Thursday and Friday (2.32% was lost over these two days).
The ASX 200 Materials sector outperformed the All Ordinaries closing the week 7.49% higher. This was helped by a 5.57% gain on Friday the 5/6/09. Last week I forecasted the Materials Sector would be up this week but I did not expect it to be this significant.