The ASX 200 finished the week with some strong Friday vibes to close almost 1% higher.

It was a commodity-led rally, as investors jumped back into the iron majors and energy stocks also outperformed.

Big banks also got a (smaller) bid in the risk-on environment, while large cap gold stocks eased back (although it’s been a good week for the precious metal).

Markets globally are comfortably holding near all-time highs for now, with inflation jitters and Evergrande contagion fears so far failing to put a dent in the broader positive sentiment.


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Among stocks with news, there wasn’t much movement at the big end of town (companies with a market cap of at least $1bn).

However, a number of large caps that have been in demand over recent months performed well on Friday.

Included on that list was $2.57bn uranium play Paladin Energy (ASX:PDN), which climbed back near multi-year highs above $1.

There were also solid gains for online property conveyancing platform Pexa Group (ASX:PXA), which jumped by more than 5% and is now trading back near its July listing price of $17.13.

And rounding out an eclectic mix of large cap leaders, ecommerce platform Cettire (ASX:CTT) — which listed late last year and caters towards the luxury fashion sector — climbed by ~5% to new all-time highs above $4.


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