Market Close 17 Mar 20: Buyers kick the Aussie market into positive territory

The ASX 200 closed on the best point of the day adding 291.4 pts or 5.83% at 5293.4. What was encouraging is that the index avoided falling below Friday’s low of 4,873, bounced off 5,000pts and shook off the US market’s massive 12.9 per cent decline last night. Markets are likely to continue to be unpredictable until the COVID-19 situation stabilises.

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