The laggards
On the flipside, finance stocks dragged the local sharemarket with all four big banks retreating: Commonwealth Bank fell 0.9 per cent, Westpac dipped 0.6 per cent, ANZ lost 0.5 per cent and NAB dropped 1.2 per cent.
The biggest large-cap losers on Friday were employment platform Seek (down 2.6 per cent), Treasury Wine Estates (down 2 per cent) and medical device company Resmed (down 1.9 per cent).
The lowdown
Moomoo market strategist Jessica Amir said commodities were the standout on Friday, as well as for the week more broadly.
She said “green” commodities – meaning those pivotal to the energy transition, such as lithium and uranium – got attention this week after both US presidential candidates discussed the green energy transition at the presidential debate.
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Separately, Russian President Vladimir Putin flagged on Thursday that he was considering limiting uranium exports, raising supply concerns.
“We know…
