By Oliver Gray
Investing.com - The S&P/ASX 200 added 81.5 points or 1.2% to 6,687.1 during Monday’s trade, retracing last week’s losses of 1.1% as investors tracked a positive session among U.S. and European shares on Friday while easing bond yields boosted risk appetite.
Among stocks, Information Technology led the gains, up 2.9% as Block Inc (ASX:SQ2) lifted 6%, Brainchip Holdings Ltd (ASX:BRN) surged 13.9%, Novonix Ltd (ASX:NVX) added 7.4% and Xero Ltd (ASX:XRO) gained 2%.
Materials added 2.4% with Rio Tinto Ltd (ASX:RIO) up 2.1%, BHP Billiton Ltd (ASX:BHP) lifting 2.4% apiece, while Fortescue Metals Group Ltd (ASX:FMG) gaining 3.4% and Champion Iron Ltd (ASX:CIA) increasing 4.1%.
Energy added 2.2%, with Woodside Energy Ltd (ASX:WDS) up 2.2%, Santos Ltd (ASX:STO) gaining 2.4% and Beach Energy Ltd (ASX:BPT) adding 3.3%.
Financials gained 1.4% with Macquarie Group Ltd (ASX:MQG) up 3.2%, Commonwealth Bank Of Australia (ASX:CBA) lifting 1%, National Australia Bank Ltd (ASX:NAB) adding 1.9% and Westpac Banking Corp (ASX:WBC) gaining 1.3%. Meantime, Suncorp Group Ltd (ASX:SUN) added 6.1% announcing a deal to sell its banking division to Australia and New Zealand Banking Group Ltd (ASX:ANZ) for A$4.9 billion.
On the bond markets, Australia 10-Year rates were at 3.467% while United States 10-Year yields were at 2.941%.
In New Zealand, the NZX 50 added 0.4% to 11,163.6.