
Please try another search
By Oliver Gray
Investing.com - The S&P/ASX 200 added 29.5 points or 0.4% to 7,261.3 after the first 90 minutes of Thursday’s trade, extending yesterday’s gains of 0.2% and trading at fresh 5-month highs as market participants tracked a positive close on Wall Street overnight amid easing yields and a weaker US Dollar Index.
ASX 200 Futures were pointing 0.2% higher.
Among stocks, gains were led by Materials, up 1% as Rio Tinto Ltd (ASX:RIO) added 0.9%, BHP Group Ltd (ASX:BHP) gained 1.6% and Fortescue Metals Group Ltd (ASX:FMG) added 1.3%. Gold miners also rallied with St Barbara Ltd (ASX:SBM) up 8.7%, Chalice Gold Mines Ltd (ASX:CHN) lifting 5.9%, Evolution Mining Ltd (ASX:EVN) up 6.2%.
The rates sensitive Technology and Real estate sectors also gained 1.6% and 1%, respectively. Novonix Ltd (ASX:NVX) lifted 3.8%, Brainchip Holdings Ltd (ASX:BRN) added 1.4%. Altium Ltd (ASX:ALU) gained 1.3% and Wisetech Global Ltd (ASX:WTC) lifted 2.6%. Meantime, Goodman Group (ASX:GMG) added 1.4%, Charter Hall Group (ASX:CHC) gained 0.6%, Stockland Corporation Ltd (ASX:SGP) lifted 1.6% and Scentre Group Ltd (ASX:SCG) added 0.5%.
In company news, Kogan.com Ltd (ASX:KGN) popped 10.2% after reporting that selling of excess inventory has left the company a positive cash position.
Harvey Norman Holdings Ltd (ASX:HVN) fell 1.7% after delivering a trading update which revealed an increase of 6.9% in sales revenue for the period July 1 to October 31 when compared to the previous period.
On the bond markets, Australia 10-Year rates were at 3.579% while United States 10-Year yields were at 3.689%.
In New Zealand, the NZX 50 lost 0.2% to 11,297.8.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.