Page 6 - Renshaw, M&T - review report - Febr21
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Q1 Financial resilience, the share-market ended
calendar year 2020 in the black, posting a
Market Update return of (+1.4%).
Quarterly returns across all sectors, except
Health Care and Utilities, reflected the
confidence and optimism that had grown
Below is a summary and highlights from during the quarter. Supported by the iron
the movements this quarter and major ore price (+32%), cyclical sectors (Energy
changes to some of the key asset areas: +26.3%, Financials +22.8%) led the way,
ably supported by Materials (+15.4%), Real
Australian equities Estate (+13.7%) and Consumer
The Australian equity market (as measured Discretionary was up (+11.1%). Information
by the S&P/ASX 200) continued its technology continued its impressive run,
recovery surging (+13.7%) in the returning (+24.8%) whilst Communications
December quarter, underpinned by a rise Services also provided a double digit return
in sentiment as positive vaccine trials and of (+12.3%).
rollouts became closer to realisation. After As the large cap sector continues its
a tough finish to the September quarter, recovery, opportunities outside the top 100
the market slowly began to recuperate in – mid and small-cap sectors - continue to
October as the release of the federal present attractive opportunities culminating
budget provided confidence that fiscal in impressive outperformance, (+15.5%)
policy was to continue supporting the and (+13.8%) respectively for the quarter.
economy. A further rate cut in November (+13.4% and +9.2% for the calendar year
coupled with easing of restrictions saw the 2020)
market power ahead, building on the
rotational trade into cyclical sectors which
had begun the month before. As a show of
