The Australian share market is likely to remain rangebound in the week ahead, with foreign leads likely to provide the most significant influence, dealers said Friday.
"It's just been pretty range bound really, there doesn't seem to be the momentum to push through the 5,000 barrier," CMC Markets senior dealer James Foulsham said.
But at the same time, market losses were limited because investors were happy to hold stocks, he said. If there was a sell-off, traders would see that as a buying opportunity, he added.
For the week ending March 10 the key S and P ASX/200 index fell 10.4 points, or 0.2 percent, to 4,888.1 while the broader All Ordinaries index eased 12.7 points to end at 4,849.4.
Foulsham said there would have to be a significant development in the United States or a large movement in gold, copper or even oil prices for a "pretty decent movement" on the Australian stock market in the coming week.
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