👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

Australian shares inch higher on gold, energy stocks; Woolworths caps gains

Published 29/04/2021, 11:07 am
© Reuters.
US500
-
AXJO
-
FMG
-
ANN
-
NCM
-
RSG
-
WOW
-
AXGD
-
AXMM
-
AXEJ
-
NZ50
-
ATM
-
VEA
-
ZEL
-

By Arundhati Dutta

April 29 (Reuters) - Australian shares rose on Thursday, helped by energy and gold stocks that tracked higher prices of underlying commodities, although gains were capped by a disappointing earnings report from supermarket giant Woolworths WOW.AX .

The S&P/ASX 200 index .AXJO rose 0.15% to 7,075.6 by 0029 GMT. The index closed 0.4% higher on Wednesday.

Shares of Ansell ANN.AX were among the top gainers on the benchmark for the second day in a row, rising nearly 5%. The medical devices maker projected strong sales growth for the half year and full year on Wednesday.

The top percentage loser was Woolworths Group Ltd WOW.AX , down 3.4%, as the company signalled an end to a pandemic-powered sales boost it had enjoyed last year and said its current quarter was trading flat. stocks AXGD rose 2%, as bullion prices jumped overnight after the U.S. Federal Reserve kept interest rates unchanged GOL/

Resolute Mining RSG.AX was among the top gainers on the sub-index. The miner reaffirmed its 2021 guidance despite posting lower gold production on-quarter. energy index .AXEJ rose 0.74%, tracking Wednesday's rise in oil prices. Viva Energy Group VEA.AX led the gains on the index for a third straight day with a 2.8% rise.

The metals and mining index .AXMM rose 0.6%, helped by a more than 2% rise in gold miner Newcrest Mining NCM.AX after it beat production estimates for the quarter. Fortescue Metals Group FMG.AX was a laggard with a near 2% drop after it reported flat third-quarter iron ore shipments. other markets, S&P 500 E-minis futures EScv1 were up 15 points, or 0.36%.

In New Zealand, the benchmark S&P/NZX 50 index .NZ50 rose 0.11% to 12,660.6. The top percentage gainers were Z Energy Ltd ZEL.NZ , up 1.97%, followed by A2 Milk Company Ltd ATM.NZ , gaining 1.86%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.