By Oliver Gray
Investing.com - The S&P/ASX 200 added 38.5 points or 0.5% to 7,216.3 during Monday's trading session, extending gains of 3.2% last week and closing at fresh 4-week highs as a surprise OPEC+ oil production cut boosted brent crude and local energy companies.
Among stocks, Woodside Energy Ltd (ASX:WDS) added 2.7%, Santos Ltd (ASX:STO) lifted 2.7%, Beach Energy Ltd (ASX:BPT) gained 4.2% and Viva Energy Group Ltd (ASX:VEA) eased 0.5%.
Real estate lifted 1.9% overall as Goodman Group (ASX:GMG) added 2.3%, Mirvac Group (ASX:MGR) added 1.4%, Stockland Corporation Ltd (ASX:SGP) lifted 2.8% and Charter Hall Group (ASX:CHC) gained 2.4%.
Information Technology added 1.9% with Novonix Ltd (ASX:NVX) up 2.8% and Wisetech Global Ltd (ASX:WTC) gaining 2.1%.
On the data front, local retail sales came in at 0.2% versus 1.8% in the previous period, while building approvals and home loans came in above expectations.
Ahead in the week, market participants will be closely watching the RBA's interest rate decision and statement, Ai Group manufacturing index, services PMI, trade balance, as well as a speech from RBA Governor Lowe.
On the bond markets, Australia 10-Year rates were at 3.327%.
In New Zealand, the NZX 50 lost 0.4% to 11,838.8.