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Australian shares add 0.3% as miners lead advance

Published 29/11/2022, 04:46 pm
© Reuters
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By Oliver Gray 

Investing.com - The S&P/ASX 200 added 24.2 points or 0.35 to 7,253.3 during Tuesday’s trade as rebounding iron ore prices boosted major mining companies.

Among stocks, Materials added 1.7% as Rio Tinto Ltd (ASX:RIO) gained 3.5%, BHP Group Ltd (ASX:BHP) added 2.1%, Fortescue Metals Group Ltd (ASX:FMG) lifted 2.2% and Champion Iron Ltd (ASX:CIA) gained 3.5%.

Meantime, real estate declined 0.8% collectively, with Goodman Group (ASX:GMG) down 1.2%, Charter Hall Group (ASX:CHC) falling 1.5% and Scentre Group Ltd (ASX:SCG) down 1.7%.

In company news, Fisher & Paykel Healthcare Ltd (ASX:FPH) popped 9.8% after reporting higher than expected revenue for the six months up to the 30th September,while Collins Foods Ltd (ASX:CKF) tanked 19.8% after reporting a decline in its half-year profit.

On the bond markets, Australia 10-Year rates were at 3.611% while United States 10-Year yields were at 3.711%.

In New Zealand, the NZX 50 added 0.8% to 11,395.4.

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