By Oliver Gray
Investing.com - The S&P/ASX 200 added 50.3 points or 0.8% to 6,578.7 During Friday’s session, finishing the week 1.6% higher as easing bond yields boosted risk sensitive sectors.
Among stocks, Information Technology finished 6% higher with Block Inc (ASX:SQ2) surging 10.9%, Megaport Ltd (ASX:MP1) up 15.9%, Novonix Ltd (ASX:NVX) gaining 13.5%, Brainchip Holdings Ltd (ASX:BRN) up 6.3% and Xero Ltd (ASX:XRO) adding 7.5%.
Telecommunication Services gained 2.7%, with Rea Group Ltd (ASX:REA) up 8.2%, Domain Holdings Australia Ltd (ASX:DHG) gaining 7.2%, Seek Ltd (ASX:SEK) up 5.4% and Telstra Corporation Ltd. (ASX:TLS) adding 1.6%.
Real estate companies lifted 2.5% overall, as Mirvac Group (ASX:MGR) gained 1.9%, Charter Hall Group (ASX:CHC) added 2.7%, Goodman Group (ASX:GMG) lifted 3.3%, Stockland Corporation Ltd (ASX:SGP) added 2.1% and Scentre Group Ltd (ASX:SCG) gained 1.5%.
Materials finished 0.1% lower, with Rio Tinto Ltd (ASX:RIO) and BHP Billiton Ltd (ASX:BHP) falling 1.2% apiece, Fortescue Metals Group Ltd (ASX:FMG) adding 0.2%, Arizona Lithium Ltd (ASX:AZL) lifting 26.1%, Magnis Resources Ltd (ASX:MNS) adding 18.2%, European Lithium Ltd (ASX:EUR) up 21.2% and Champion Iron Ltd (ASX:CIA) up 2.6%.
Meantime, Lake Resources NL (ASX:LKE) jumped 15%, recovering some of its losses this week following the sudden resignation of managing director Stephen Promnitz on Monday morning.
On the bond markets, Australia 10-Year rates were at 3.723% while United States 10-Year yields were at 3.068%