By Oliver Gray
Investing.com - The S&P/ASX 200 added 16.7 points or 0.3% to 6,629.3 during Tuesday’s trading session, extending gains of 1.1% in the previous session as market participants reacted positively after Reserve Bank of Australia’s policymakers hiked interest rates for the third consecutive month amid strong inflation pressures.
Among stocks, Energy companies posted the largest gains, up 2.2% collectively as oil prices remained strong. Woodside Energy Ltd (ASX:WDS) added 4%, Santos Ltd (ASX:STO) lifted 1.4% and Beach Energy Ltd (ASX:BPT) gained 1.2% while Viva Energy Group Ltd (ASX:VEA) shed 0.7%.
Information Technology advanced 1.7% as lower yields boosted risk sentiment. Block Inc (ASX:SQ2) added 2%, Appen Ltd (ASX:APX) lifted 1%, Megaport Ltd (ASX:MP1) gained 3.4%, Novonix Ltd (ASX:NVX) added 3.1% and Brainchip Holdings Ltd (ASX:BRN) surged 7.6%.
Real Estate companies retreated 1.4% overall, with Mirvac Group (ASX:MGR) down 3.2%, Charter Hall Group (ASX:CHC) falling 0.8%, Goodman Group (ASX:GMG) dipping 1.2% and Scentre Group Ltd (ASX:SCG) down 1.9%.
Meantime, the Australian dollar remained little changed near 2-year lows of 0.686, while Australia 10-Year yields eased to 3.551%.
In New Zealand, the NZX 50 added 1% to 10,965.2.