By Oliver Gray
Investing.com - The S&P/ASX 200 added 46 points or 0.7% to 7,109.6 during Friday’s trading session, extending gains for the third day and finishing the week 1% higher as the Materials and Energy sectors provided a strong boost, lifting 3% and 1.6% respectively.
Among individual stocks, Rio Tinto Ltd (ASX:RIO) lifted 2.4%, BHP Group Ltd (ASX:BHP) added 3.2%, Fortescue Metals Group Ltd (ASX:FMG) gained 3.7%, Pilbara Minerals Ltd (ASX:PLS) lifted 6.5% and Core Lithium Ltd (ASX:CXO) popped 8.6%.
Major oil producers rebounded, with Santos Ltd (ASX:STO) up 1.7%, Woodside Energy Ltd (ASX:WDS) adding 2.1%, Beach Energy Ltd (ASX:BPT) up 1% and South32 Ltd (ASX:S32) adding 4.4%.
Meantime, Magellan Financial Group Ltd (ASX:MFG) tanked 10.5% after the fund manager reported $A2.6 billion of net outflows in December.
On the bond markets, Australia 10-Year yields were at 3.83% United States 10-Year rates were at 3.72%.
In New Zealand, the NZX 50 eased 0.2% to 11,626.