ASX closes for a maximum of two weeks while Wesfarmers and CSL reach historical highs

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On the ASX REA group it rose to $ 111.82 per share and CSL reached $ 253.83 per share, while the Wesfarmers rose to $ 40.65. The S & P / ASX 200 index enjoyed a bullish session that saw the index earn 84.5 points to rise to 1.3 percent to a two-week high of 6736, 5. The volumes were high at 609 million and the session ended with only 29 companies in the red.

A buy-now analyst report, pay-later has seen the UBS team reveal their price target for Afterpay Touch of $ 17.25, which is 50% lower than Wednesday's closing price of $ 33.92, based on the expectations of greater regulation and skepticism that can satisfy expectations of growth.

There was also some bad news for Harvey Norman with a $ 8 million deficit in his capital raising. Shareholders were offered a share for every 17 held at 2.50 shares, a 43% discount on the share price of the company at the beginning of the offer. Stocks fell 2.3 percent to $ 3.90 after the announcement, but closed up 0.8 percent at $ 4. And while Latitide Financial may have unexpectedly pulled the plug from its float , the much smaller Damstra had a successful debut. The workplace services company fluctuated at 90 ¢ at noon, but ended up 37% higher at $ 1.23.

A decline in iron ore futures and gold prices weighed heavily on the materials sector, which underperformed the rest of the index. Fortescue Metals Group fell 1.6 percent, Rio Tinto fell 0.9 percent and BHP fell 0.1 percent.

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