By Oliver Gray
Investing.com - The S&P/ASX 200 added 6.9 points or 0.1% to 7,218.1 after the first hour of Wednesday’s trade, following losses of 1% in the previous session as market participants await fresh quarterly GDP data set to be released later in the session.
ASX 200 Futures were pointing 0.5% higher.
Among stocks, Utilities led the declines, down 4.3% as Origin Energy Ltd (ASX:ORG) tanked 14.6% after the company withdrew fiscal 2023 guidance. Meridian Energy Ltd (ASX:MEZ) fell 1.4%, AGL Energy Ltd (ASX:AGL) dipped 0.3% while Mercury NZ Ltd (ASX:MCY) and Infratil Ltd (ASX:IFT) added 0.4% and 0.9% respectively.
Real Estate stocks were up 1.6% collectively, with Goodman Group (ASX:GMG) adding 0.9%, Charter Hall Group (ASX:CHC) up 0.5%, Mirvac Group (ASX:MGR) gaining 0.9% and Stockland Corporation Ltd (ASX:SGP) up 0.3%.
Financials lifted 1%, with Macquarie Group Ltd (ASX:MQG) up 1.1%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) lifting 1%, National Australia Bank Ltd (ASX:NAB) adding 1%, Westpac Banking Corp (ASX:WBC) up 0.8% and Commonwealth Bank Of Australia (ASX:CBA) adding 1.4%.
Information Technology was down 0.6% with Block Inc (ASX:SQ2) falling 3.1%, Appen Ltd (ASX:APX) down 0.3%, Megaport Ltd (ASX:MP1) falling 0.4%, Novonix Ltd (ASX:NVX) dipping 5.1% and Brainchip Holdings Ltd (ASX:BRN) down 1.8%
On the bond markets, Australia 10-Year yields were at 3.425% while United States 10-Year rates were at 2.877%.
In New Zealand, the NZX 50 added 0.2% to 11,332.5.