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Australian Shares Snap 3 Sessions of Consecutive Declines

Published 27/09/2022, 04:27 pm
Updated 27/09/2022, 04:30 pm
© Reuters.

© Reuters.

 By Oliver Gray 

Investing.com - The S&P/ASX 200 added 0.4% to 6,496.2 during Tuesday’s trade, snapping 3 session of consecutive declines and closing just above 3-month lows as gains across Materials and Energy companies boosted sentiment.

Among stocks, Materials added 2.6% overall, with Rio Tinto Ltd (ASX:RIO) up 3%, BHP Group Ltd (ASX:BHP) adding 2.8%, Fortescue Metals Group Ltd (ASX:FMG) up 5.5% and Champion Iron Ltd (ASX:CIA) lifting 4.4%.

Energy added 1.7% with Woodside Energy Ltd (ASX:WDS) gaining 1.6%, Santos Ltd (ASX:STO) up 1%, Beach Energy Ltd (ASX:BPT) falling 0.7% and Viva Energy Group Ltd (ASX:VEA) down 0.8%.

Meantime, the Real Estate sector declined 2.2% as Mirvac Group (ASX:MGR) dipped 1.3%, Charter Hall Group (ASX:CHC) fell 1.6%, Goodman Group (ASX:GMG) dipped 2.5% and Stockland Corporation Ltd (ASX:SGP) dropped 1.5%.

On the bond markets, Australia 10-Year bond yields were at 4.042% while United States 10-Year yields were at 3.845%.

In New Zealand, the NZX 50 fell 0.1.9% to 11,214.2.

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