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ASX 200 Extends Gains to Finish at Fresh 7-Week Highs

Published 02/11/2022, 04:48 pm
Updated 02/11/2022, 04:50 pm
© Reuters.
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By Oliver Gray 

Investing.com - The S&P/ASX 200 added 9.8 points or 0.1% to 6,986.7 during Wednesday’s trade, extending gains for the third consecutive session and finishing at 7-week highs, with Materials and Energy leading the market higher as commodity prices recovered ahead of the closely watched interest rate decision from the U.S. Federal Reserve tomorrow morning.

Among stocks, Rio Tinto Ltd (ASX:RIO) gained 2.4%, BHP Group Ltd (ASX:BHP) lifted 2.1%, Fortescue Metals Group Ltd (ASX:FMG) gained 1.5% and Champion Iron Ltd (ASX:CIA) added 3.1%.

Woodside Energy Ltd (ASX:WDS) lifted 1.2%, Santos Ltd (ASX:STO) gained 0.8%, Beach Energy Ltd (ASX:BPT) added 0.9% and Viva Energy Group Ltd (ASX:VEA) gained 0.3%.

On the bond markets, Australia 10-Year rates were at 3.817% while United States 10-Year rates were at 4.057%.

In New Zealand, the NZX 50 fell 0.3% to 11,282.8.

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