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Essay text:
The index inched up 0.2 percent on the week.
"I suspect the market was driven (lower) by investor fatigue
and profit taking in the resources sector today as investors
reacted to continuing hefty falls for uranium prices
overnight," said Guy Hutchings, chief investment officer at MFS
Investment Management Ltd.
Still, analysts said resource stocks look well supported on a
solid outlook for commodities demand, while healthy company
earnings and strong liquidity flows will continue to shore up the
overall market.
"There's nothing in the broader global environment to suggest
that equity markets are going to fall over," said Simon Doyle,
head of strategy at Schroder Investment Management...
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Common topics in this essay:
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