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Throughout the week, the ASX largely remained in a holding pattern before gaining significant momentum towards the end. The rally accelerated notably on Thursday and Friday, with technology and healthcare stocks each surging roughly 5% during the week. Ultimately, the market finished the week up approximately 2%, marking its best weekly performance in about three months.
Key Stock Performers
Top Performers of the Day
Misoblast, a midcap medicine maker, was the standout, soaring nearly 35%. The impressive jump was driven by strong quarterly revenue reports, particularly from sales of its Rhinosil drug in the United States.
Mining stocks also performed well, particularly: