🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Australia shares hit near 15-month peak as miners, casino giants jump

Published 10/05/2021, 10:58 am
Updated 10/05/2021, 11:00 am
© Reuters.
US500
-
AXJO
-
JP225
-
FMG
-
CWN
-
AXGD
-
AXMM
-
SGR_OLD
-
NZ50
-
ATM
-
CYL
-
INR
-
PNR
-

May 10 (Reuters) - Australian shares scaled a near 15-month high on Monday boosted by gains in gold and iron ore miners on the back of firmer metal prices, and as shares in the country's top two casino operators jumped on a proposed merger.

The S&P/ASX 200 index .AXJO rose 0.9% to 7,147 points at 0045 GMT, their highest since Feb. 21, 2020.

Heavyweight miners .AXMM were the top boosts to the benchmark, rising 2.55%, with iron-ore giant Fortescue Metals Group Ltd FMG.AX up 4.57%, followed by Ioneer Ltd INR.AX , gaining 4.23​%.

Gold miners .AXGD climbed 2.08% as the prices of precious metal edged to three-month highs.

Pantoro Ltd PNR.AX rose 4.88%, while Catalyst Metals Ltd CYL.AX gained 4.83​%.

Casino giants Star Entertainment SGR.AX and Crown Resorts CWN.AX both hit multi-month highs after the former proposed an all-stock buyout of its larger rival in a deal valued at A$9 billion. the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.53% to 12,662.4 points.

Shares in a2 Milk ATM.NZ sank as much as 16.3% to a three-and-a-half year low after the dairy producer cut its annual sales forecast for the third time. other markets, Japan's Nikkei .N225 was up 0.86% at 29609.65 points and the S&P 500 E-minis futures EScv1 advanced 0.3%. ($1 = 1.2736 Australian dollars)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.