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Australian shares little changed, tech leads gains

Published 18/01/2023, 11:39 am
Updated 18/01/2023, 11:43 am
© Reuters

By Oliver Gray 

Investing.com - The S&P/ASX 200 remained little changed at 7,384.2 after the first 105 minutes of Wednesday’s trade, after small losses of 0.1% in yesterday's session and following a mixed close among U.S. equities overnight as results from major financial companies Goldman Sachs Group Inc (NYSE:GS) and Morgan Stanley (NYSE:MS) set the stage for a polarizing earnings season.

ASX 200 Futures were pointing 0.2% lower.

Among stocks, Information Technology lifted 0.5% as Block Inc (ASX:SQ2) gained 4%, Appen Ltd (ASX:APX) lifted 1.3%, Megaport Ltd (ASX:MP1) added 1.5% and Brainchip Holdings Ltd (ASX:BRN) added 1.5%.

Health Care also added 0.8% overall, with Telix Pharmaceuticals Ltd (ASX:TLX) up 6% after reporting better than expected revenues for Q3 2022. CSL Ltd (ASX:CSL) lifted 0.9%, Sonic Healthcare Ltd (ASX:SHL) gained 0.8% and Fisher & Paykel Healthcare Ltd (ASX:FPH) added 1.8%.

Ahead in the session, market participants will be looking towards the Bank of Japan’s monetary policy statement and press conference.

On the bond markets, Australia 10-Year rates were at 3.65% while United States 10-Year yields were at 3.542%.

In New Zealand, the NZX 50 added 0.2% to 11,907.

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