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Australian shares finish 0.1% higher, Myer pops 18.3% after strong results

Published 09/03/2023, 04:33 pm
Updated 09/03/2023, 04:40 pm
© Reuters.

By Oliver Gray 

Investing.com - The S&P/ASX 200 added 3.3 points or 0.1% to 7,311.1 during Thursday's trade, partially recovering losses of 0.5% in the previous session, with the technology, energy and consumer discretionary sectors outperforming.

Among stocks, Appen Ltd (ASX:APX) popped 9.1%, Megaport Ltd (ASX:MP1) lifted 1.7%, Link Administration Holdings Ltd (ASX:LNK) gained 4.7% and Novonix Ltd (ASX:NVX) added 4.9%.

Xero Ltd (ASX:XRO) also added 10.7% after the company announced 700 to 800 layoffs to "improve profitability".

Myer Holdings Ltd (ASX:MYR) also surged 18.3 after the company reported strong earnings results and issued a special dividend after revealing a doubling in profits to $65 million for the six months to the end of January.

On the bond markets, Australia 10-Year rates were at 3.715%.

In New Zealand, the NZX 50 fell 0.3% to 11,826.2.

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