Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

ASX Finishes 0.1% Higher, EML Surges 31%

Stock MarketsNov 25, 2021 16:47
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.

By Oliver Gray - The S&P/ASX 200 finished Thursday’s session 7.90 points or 0.11% higher at 7,407.30, reflecting a mixed session on Wall Street overnight as investors minutes from the U.S. Federal Reserve policymakers flagged a potential increase in the target range for the federal funds rate sooner that currently anticipated.

Among stocks, heavyweight miners boosted the main index on the back of stronger iron ore prices. Rio Tinto Ltd (ASX:RIO) was up 1.64%, BHP Billiton Ltd (ASX:BHP) gained 0.99% and Fortescue Metals Group Ltd (ASX:FMG) lifted 1.76%.

Tech companies lifted on easing bond yields overnight, with Appen Ltd (ASX:APX) up 2.74%, Xero Ltd (ASX:XRO) adding 0.18%, Technology One Ltd (ASX:TNE) lifting 4.27% and Wisetech Global Ltd (ASX:WTC) up 2.3%. BNPL names also lifted, as Afterpay Touch Group Ltd (ASX:APT) and Zip Co Ltd (ASX:Z1P) gained 4.19% and 2.45% respectively.

Financials closed mostly lower as Macquarie Group Ltd (ASX:MQG) lost 0.72%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) fell 0.87%, Commonwealth Bank Of Australia (ASX:CBA) lost 1.45%, National Australia Bank Ltd (ASX:NAB) fell 0.46% and Westpac Banking Corp (ASX:WBC) shed 0.78%.

Energy stocks also fell, with Santos Ltd (ASX:STO) down 1.02%, Oil Search Ltd (ASX:OSH) losing 0.24%, Woodside Petroleum Ltd (ASX:WPL) falling 0.22% and Beach Energy Ltd (ASX:BPT) down 1.95%.

EML Payments Ltd (ASX:EML) surged 31.27% after noting that the Central Bank of Ireland (CBI) will permit its Irish subsidiary to sign new customers and launch new programs.

Meantime, AMP Ltd (ASX:AMP) shed 5%, reversing a rally earlier in the week, while Ltd (ASX:KGN) fell 4.28% following its annual general meeting in which it faced a second strike on a remuneration vote.

On the bond markets, Australia 10-Year yields were at 1.876%, while United States 10-Year rates were at 1.643%.

In New Zealand, the NZX 50 added 0.45% to 12,828.

ASX Finishes 0.1% Higher, EML Surges 31%

Related Articles

Add a Comment

Comment Guidelines

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: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

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'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.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email