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ASX 200 Finishes with 1.4% Gain, Energy Surges 2.8%

Published 29/09/2022, 04:28 pm
Updated 29/09/2022, 04:31 pm
© Reuters.

© Reuters.

By Oliver Gray 

Investing.com - The S&P/ASX 200 closed out Thursday’s trading session up 93 points or 1.4% to 6,555, retracing losses of 0.6% on Wednesday and lifting from 3-month lows as commodity and bond prices lifted, while the US Dollar cooled from near 20-year highs.

Among stocks, Energy led the gains with a 2.8% advance, with Woodside Energy Ltd (ASX:WDS) up 3.1%, Santos Ltd (ASX:STO) adding 2.3%, Beach Energy Ltd (ASX:BPT) up 2.1% and Viva Energy Group Ltd (ASX:VEA) adding 3.4%.

Materials added 2.2% overall as Rio Tinto Ltd (ASX:RIO) lifted 1%, BHP Group Ltd (ASX:BHP) added 2.5%, Fortescue Metals Group Ltd (ASX:FMG) gained 1.9% and Champion Iron Ltd (ASX:CIA) added 3.4%.

Consumer Discretionary lifted 1.6% with Domino's Pizza Enterprises Ltd (ASX:DMP) up 1.6%, JB Hi-Fi Ltd (ASX:JBH) adding 1.3%, Wesfarmers Ltd (ASX:WES) gaining 2% and Aristocrat Leisure Ltd (ASX:ALL) up 1.1%.

Meantime, Iress Ltd (ASX:IRE) cratered 17.3% following an earnings downgrade.

On the bond markets, Australia 10-Year yields eased to 3.955% while United States 10-Year yields fell to 3.838%.

In New Zealand, the NZX 50 finished 0.7% higher at 11,200.

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