What matters this week: really, not much
The focus was on company profit reporting season, which pushed aside other individual share-market moves. So notwithstanding some big headlines, the actual market moves by the better known companies were modest, in an overall much stronger week.
Rio Tinto had the biggest headlines, with its profit up a surprising 12%, a bigger dividend and share buy-back. But the stock is up just over 1% for the week.
AMP also had big a headline, but for the wrong reasons: it made a full year loss of $344m, down from a profit of $972m in 2015. But its share price rose almost 3% over the week, as the company had signalled the loss some time ago; maintained its dividend and promised a share buy-back.
Transurban shares continued to rise, up over 5%, with Westfield also having a good week, up 4%. On the other hand BHP, QBE and Woodside were modestly in the red.
Outside other larger companies, Bellamy's woes subsided: up 13% for the week; Genworth Mortgage was down 15%; Mayne Pharma was up 12%; and Seven Group up 16% on the back of some jaw-boning by that expert jaw-boner, Director Jeff Kennett.