By Oliver Gray
Investing.com - The S&P/ASX 200 added 60.1 points or 0.8% to 7388.2 during Monday’s trade, finishing at fresh 8 month highs and rallying for the fourth consecutive session as risk appetite was boosted amid a falling US Dollar Index and higher commodity prices.
Among stocks, Information Technology and Energy led the gains, adding 1.8% and 1.5% respectively, with Block Inc (ASX:SQ2) up 1.4%, Appen Ltd (ASX:APX) adding 6.1%, Megaport Ltd (ASX:MP1) lifting 7.9% and Novonix Ltd (ASX:NVX) up 3.6%. Meantime, Santos Ltd (ASX:STO) gained 0.6% and Woodside Energy Ltd (ASX:WDS) gained 1.6%, while Viva Energy Group Ltd (ASX:VEA) and South32 Ltd (ASX:S32) lifted 2% apiece.
Health Care added 1.4% collectively, with CSL Ltd (ASX:CSL) up 1.4%, Sonic Healthcare Ltd (ASX:SHL) adding 1.9%, Fisher & Paykel Healthcare Ltd (ASX:FPH) lifting 2.9% and Pro Medicus Ltd (ASX:PME) up 2.4%.
Gold miners were also trading higher as Gold Road Resources Ltd (ASX:GOR) rose 3.4%, Newcrest Mining Ltd (ASX:NCM) added 2.4% and Northern Star Resources Ltd (ASX:NST) lifted 2.9%.
On the bond markets, Australia 10-Year rates were at 3.601% while United States 10-Year yields were at 3.498%.
In New Zealand, the NZX 50 added 0.5% to 11,811.2