By Oliver Gray
Investing.com - The S&P/ASX 200 added 22.80 points or 0.32% to 7,234 during Wednesday’s session, partially retracing losses of 1% in the previous session as gains among Telecommunication, Financials and Industrials outweighed losses in Utilities and Information Technology.
Among stocks, Rea Group Ltd (ASX:REA) added 0.7%, Domain Holdings Australia Ltd (ASX:DHG) gained 1.6% and Telstra Corporation Ltd. (ASX:TLS) lifted 3.1%.
Major bankers lifted with Macquarie Group Ltd (ASX:MQG) added 1.3%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) up 1.1%, National Australia Bank Ltd (ASX:NAB) lifting 0.9%, Westpac Banking Corp (ASX:WBC) up 1% and Commonwealth Bank Of Australia (ASX:CBA) gaining 2.3%.
Industrials gained 1.2% collectively as Auckland International Airport Ltd (ASX:AIA) added 2.7%, Reece Ltd (ASX:REH) lifted 0.8%, Transurban Group (ASX:TCL) added 2.4% and Brambles Ltd (ASX:BXB) gained 0.8%.
Utilities dipped 5.3% overall, as Origin Energy Ltd (ASX:ORG) tanked 13.7% after the company withdrew earnings guidance amid soaring coal prices. Meridian Energy Ltd (ASX:MEZ) dipped 2.6%, Genesis Energy Ltd (ASX:GNE) fell 1.2% and AGL Energy Ltd (ASX:AGL) eased 0.5%.
Information Technology also eased 1.5% as Block Inc (ASX:SQ2) fell 4.3%, Appen Ltd (ASX:APX) lost 2.2%, Megaport Ltd (ASX:MP1) fell 4.9%, Novonix Ltd (ASX:NVX) shed 12.7% and Xero Ltd (ASX:XRO) dipped 2.2%.
On the bond markets, Australia 10-Year yields were at 3.414% while United States 10-Year rates were at 2.859%.
In New Zealand, the NZX 50 added 0.6% to 11,373.2.