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‘Cautious, directionless’ ASX ekes out gain
['Cameron Micallef', 'Min Read']
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Photo: NewsWire/ Gaye GerardIt was a "cautious and somewhat directionless" day of trading on Tuesday as the ASX recovered its early market falls, even with renewed pressure from the Middle East conflict.
The benchmark ASX 200 eked out a tiny two point or 0.02 per cent gain to 8793.30, while the broader All Ordinaries ticked 2.20 points higher or up 0.02 per cent to 8976.90.
On a mixed day of trading, five sectors traded higher while six slipped, with gains led by technology and materials stock.
Just five of the 11 sectors finished higher on the ASX on Tuesday.
Photo: NewsWire/ Gaye GerardIG Markets senior market analyst Tony Sycamore called Tuesday's trading "cautious and somewhat directionless" as the market dropped on the opening bell before recovering through the trading day.