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ASX 200 inches higher, energy slips as recession fears grow

Published Jan 05, 2023 16:30
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By Oliver Gray 

Investing.com - The S&P/ASX 200 added 0.1% to 7,063.6 during Thursday’s trade, extending gains of 1.6% in the previous session, with Consumer Discretionary and Industrials leading the gains, while Energy and Information Technology eased.

Among stocks, Domino's Pizza Enterprises Ltd (ASX:DMP) added 1.7%, Aristocrat Leisure Ltd (ASX:ALL) gained 0.7% and Wesfarmers Ltd (ASX:WES) added 0.2%

Industrials were higher overall, with Auckland International Airport Ltd (ASX:AIA) up 0.4% and Transurban Group (ASX:TCL) adding 1.6%.

Meantime, Energy retreated as oil prices dropped overnight. Woodside Energy Ltd (ASX:WDS) fell 1.7%, Santos Ltd (ASX:STO) lost 0.9%, Beach Energy Ltd (ASX:BPT) fell 2.5% and Viva Energy Group Ltd (ASX:VEA) slipped 1%.

Info tech also eased as Brainchip Holdings Ltd (ASX:BRN) lost 8.4%, Computershare Ltd. (ASX:CPU) dipped 2.2% and Altium Ltd (ASX:ALU) lost 0.7%.

On the bond markets, Australia 10-Year yields were at 3.844% United States 10-Year rates were at 3.722%.

In New Zealand, the NZX 50 added 0.6% to 11,651.3.

ASX 200 inches higher, energy slips as recession fears grow
 

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