Moomoo market strategist Jessica Amir forecast a potential slowing of the market in January, which could be triggered by the introduction of tariffs imposed by Trump, and geopolitical tensions.

“It’s the strongest period for markets, and everything has just snowballed together,” Amir said. “The market moves in ebbs and flows, but after inauguration, maybe some of the market will take a haircut, but we will still see some upward flow.”

On Monday, mining giants BHP (up 0.1 per cent) and Fortescue (up 0.4 per cent) both made gains, while Rio Tinto (down 0.4 per cent) and Northern Star Resources (down 1.6 per cent) both went backwards.

Energy shares finished roughly flat, as tensions in the Russia-Ukraine war continued to escalate. Woodside stock increased by 1.2 per cent, while Whitehaven coal (down 2.5 per cent), Santos (down 0.9 per cent) and Ampol (down 1.4 per cent) all ended in the red.

Most of the big four banks dipped, with ANZ losing 1.3 per cent while Westpac and NAB (both 1.2 per cent) also fell. Commonwealth Bank finished 0.7 per cent in the green, continuing its positive results after a run of record numbers.

Mirvac Group (3.3 per cent) and Scentre Group (2.8 per cent) led a strong day of results for real estate, while Pro Medicus (2.7 per cent) and CSL (1.7 per cent) were among the winners in the healthcare sector.

The consumer discretionary sector advanced, with Kmart and Bunnings owner Wesfarmers (1.9 per cent), Aristocrat Leisure (1 per cent) and JB Hi-Fi (0.4 per cent) recording strong gains. Jewellery company Lovisa was another big winner, with its shares rising 2.4 per cent.

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The Australian dollar enjoyed a 0.3 per cent rise, and was valued at US65.20 cents at 4.15pm (AEDT).

Shares in car leasing company SG Fleet Group surged 18.4 per cent after Pacific Equity Partners submitted a formal takeover bid for $3.50 a share.

Air New Zealand shares rose 3.2 per cent, after assuring investors that it would post positive first-half earnings following a difficult few months.

On Wall Street last week, stocks closed higher as the market posted its fifth straight gain and the Dow Jones notched another record high.

The S&P 500 rose 0.3 per cent. The benchmark index’s 1.7 per cent gain for the week erased most of its loss from the previous week.

with AP

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