🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Australian Shares Add 0.4% at the Close, Energy Gains 4.2%

Published 08/06/2022, 04:40 pm
Updated 08/06/2022, 04:59 pm
© Reuters
AXJO
-
AGL
-
MQG
-
CBA
-
ANZ
-
BPT
-
APA
-
ORG
-
NAB
-
STO
-
WBC
-
WDS
-
AXEJ
-
AXFJ
-
AXIJ
-
AXUJ
-
US10YT=X
-
AU10YT=RR
-
MCY
-
APX
-
BRN
-
MEZ
-
LNK
-
NVX
-
MP1
-
WTC
-
VEA
-
SQ2
-

By Oliver Gray 

Investing.com - The S&P/ASX 200 lifted 25.40 points or 0.36% to 7,121.10 on Wednesday, as gains among energy companies offset losses from bank stocks.

Among stocks, Energy companies benefited as crude prices traded near three-month highs. Woodside Energy Ltd (ASX:WDS) added 5.6%, Santos Ltd (ASX:STO) gained 3.4%, Beach Energy Ltd (ASX:BPT) lifted 1.6% and Viva Energy Group Ltd (ASX:VEA) added 1%.

Utilities lifted 3.2% with APA Group (ASX:APA) up 4.6%, Origin Energy Ltd (ASX:ORG) adding 2.3%, Mercury NZ Ltd (ASX:MCY) gaining 2.2% and AGL Energy Ltd (ASX:AGL) up 1.6%.

Information Technology lifted 1.9% overall as Block Inc (ASX:SQ2) added 3%, Megaport Ltd (ASX:MP1) lifted 0.8%, Link Administration Holdings Ltd (ASX:LNK) gained 1.2% and Wisetech Global Ltd (ASX:WTC) added 2.8% while Novonix Ltd (ASX:NVX), Appen Ltd (ASX:APX) and Brainchip Holdings Ltd (ASX:BRN) fell 2.1%, 3.7% and 5% respectively.

Financials fell 2.9% collectively, as Australia and New Zealand Banking Group Ltd (ASX:ANZ) dipped 2.3%, National Australia Bank Ltd (ASX:NAB) lost 4%, Westpac Banking Corp (ASX:WBC) fell 6.1%, Commonwealth Bank Of Australia (ASX:CBA) lost 4.4% while Macquarie Group Ltd (ASX:MQG) added 1%.

On the bond markets, Australia 10-Year rates neared fresh 8-year highs at 3.55% while United States 10-Year yields were at 2.998%.

In New Zealand, the NZX 50 finished flat at 11,266.

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.