Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Australian Shares Finish 1.25% Higher Amid Broad-Based Gains

Stock MarketsDec 08, 2021 16:29
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Oliver Gray

Investing.com - The S&P/ASX 200 finished Wednesday’s session 91.50 points or 1.25% higher at 7,405.40, extending gains for the fourth consecutive session as traders cheered a strong relief-rally on Wall Street overnight while higher iron ore and oil prices supported major miners and energy stocks.

Wall St futures also gained with Dow Jones 30 Futures up 0.2%, S&P 500 Futures up 0.29% and Nasdaq 100 Futures up 0.44%.

Among stocks, Rio Tinto Ltd (ASX:RIO) lifted 2.45%, BHP Billiton Ltd (ASX:BHP) gained 2.2%, Fortescue Metals Group Ltd (ASX:FMG) added 3.5% and Champion Iron Ltd (ASX:CIA) surged 6.33% as Iron ore prices moved 4% higher.

Banks lifted, with Commonwealth Bank Of Australia (ASX:CBA) up 0.53%, National Australia Bank Ltd (ASX:NAB) gaining 1.31%, Westpac Banking Corp (ASX:WBC) lifting 0.81% and Bank Of Queensland Ltd. (ASX:BOQ) adding 0.25%.

BNPL names soared with Afterpay Touch Group Ltd (ASX:APT)gaining 4.46% and z1p rallying 10.9% after announcing record transaction volumes over the month of November.

Energy companies also gained on rising Crude Oil prices, with Beach Energy Ltd (ASX:BPT) up 3.69%, while Woodside Petroleum Ltd (ASX:WPL) added 2.46% after it said it would invest $A5 billion as part of its embrace of a low carbon future. Santos Ltd (ASX:STO) lifted 2.74% and Oil Search Ltd (ASX:OSH) gained 2.64% after their merger won the approval of Papua New Guinea’s competition regulator.

Meantime, James Hardie Industries PLC (ASX:JHX) surged 1.83% to fresh record high, while Sonic Healthcare Ltd (ASX:SHL) added 1.53%, touching record highs in intraday deals.

On the bond markets, Australia 10-Year rates lower at 1.63% while United States 10-Year yields were at 1.463%.

In New Zealand, the NZX 50 rallied 2.05% to 12,868.

Australian Shares Finish 1.25% Higher Amid Broad-Based Gains
 

Related Articles

Australian Shares Finish 0.3% Higher
Australian Shares Finish 0.3% Higher By Investing.com - Jan 17, 2022

By Oliver Gray  Investing.com - The S&P/ASX 200 finished Monday’s session higher, adding 23.40 points or 0.32% to 7,417.30 as market participants digested Chinese GDP figures,...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email