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Market still a bumpy ride
6 June 2008
The stockmarket remains highly volatile with Australia's largest broking firm CommSec reporting a large jump in trade volumes in the first week of June to be 50 per cent higher than for the same time last year. Figures from the ASX show that May set a new record of 9.2 million trades but total value was down 12 per cent. The spike follows lower volumes through February, March and April after a busy January. "There was definitely a blip and a small slowdown but if anything there's been renewed activity coming back to the market in the last four to six week," said Martyn Comyn, CommSec's managing director. CommSec has launched a new broking service which gives customers greater access to their deposit funds with a linked high-interest cash management account.
Source: Sydney Morning Herald
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