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Australian shares finish 0.4% higher, Myer jumps 5.3% after earnings

Published 24/01/2023, 04:39 pm
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By Oliver Gray 

Investing.com - The S&P/ASX 200 added 33.1 points or 0.4% to 7,490.4 after Tuesday’ trade, extending 9-month highs amid broad based gains from the real estate, materials and info tech sectors.

Mirvac Group (ASX:MGR) added 1.3%, Goodman Group (ASX:GMG) gained 2.7%, Charter Hall Group (ASX:CHC) lifted 2.1%

Rio Tinto Ltd (ASX:RIO) gained 0.8%, BHP Group Ltd (ASX:BHP) lifted 0.6%, Fortescue Metals Group Ltd (ASX:FMG) gained 0.6% and Champion Iron Ltd (ASX:CIA) added 0.4%.

Meanwhile, Pilbara Minerals Ltd (ASX:PLS) added 5.2%, Lynas Rare Earths Ltd (ASX:LYC) gained 2.3% and Auking Mining Ltd (ASX:AKN) popped 7.5% as UBS upgraded its lithium forecasts.

Block Inc (ASX:SQ2)  lifted 5.7%, Appen Ltd (ASX:APX) added 0.8% and Novonix Ltd (ASX:NVX) gained 2.2%.

Myer Holdings Ltd (ASX:MYR) also gained 5.3% after reporting a 24.8% increase total sales in the five months to December 31, as compared to the previous period.

On the bond markets, Australia 10-Year rates were at 3.469%, while United States 10-Year rates were at 3.519%.

In New Zealand, the NZX 50 fell 0.1% to 11,932.9.

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