By Oliver Gray
Investing.com - The S&P/ASX 200 added 58.1 points or 0.8% to 7,410.3 during Thursday’s trading session, following losses of 1.1% in the previous session as a higher than expected unemployment print caused investors to reassess the path of future RBA interest rate hikes, while a deluge of local earnings reports were also closely monitored.
Among stocks, the rate sensitive technology and real estate sectors lifted despite higher yields. Block Inc (ASX:SQ2) added 9.3%, Appen Ltd (ASX:APX) lifted 9.9%, while Megaport Ltd (ASX:MP1) and Brainchip Holdings Ltd (ASX:BRN) added 8.8% apiece.
Charter Hall Group (ASX:CHC) added 3.7%, Mirvac Group (ASX:MGR) gained 3.2%, while Goodman Group (ASX:GMG) lifted 2.1% after reporting results.
Consumer discretionary also gained 2.7% overall, with Domino's Pizza Enterprises Ltd (ASX:DMP) up 4.2%, JB Hi-Fi Ltd (ASX:JBH) up 1.6% and Wesfarmers Ltd (ASX:WES) lifting 4%.
On the bond markets, Australia 10-Year rates were at 3.767%.
In New Zealand, the NZX 50 finished 0.6% higher at 12,157.8.