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ASX slips in final session but ends the year flat – Sydney Morning Herald

The Australian sharemarket dipped over 1 per cent in the final session of 2020 but market watchers are primed for a strong start to the new year.

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The All Ordinaries closed for the year 1.3 per cent, or 92.3 points weaker at 6850.60.
Market analysts expect investors to switch back to a buying mood in the new year. Jessica Amir, Market Analyst at Bell Direct analyst, expects the banking and financial sector in particular to recover strongly, with banks in particular driven by record high mortgage applications.
The down breath stocks of 2020 are likely to see a continued buying, this is taking place of late and the catalyst and impetus for this…

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