Market Close 17 Dec 21: ASX 200 surrenders early gains, clings to positive territory

The ASX 200 has ended the last session of the week in the green, elevated by a strong rally in the commodity markets overnight which saw the Materials, Energy and Utilities sectors closing up 1.2%, 1% and 0.8% respectively. The tech sector offset the gains and shed 3.9%, mirroring the tech sell-off investors witnessed in the previous US session. A late consolidation saw the index surrender gains from its intraday high of 0.7%, to close at 7,304, or up by 8pts or 0.1%. On a weekly basis, the index lost 0.7%.

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