🎈 Up Big Today: Find today's biggest gainers (some over 50%!) with our free screenerTry Stock Screener

Australian Shares Start the Week 1% Higher

Published 30/05/2022, 10:50 am
© Reuters.
AXJO
-
BHP
-
FMG
-
BPT
-
RIO
-
WDS
-
AUS200
-
HG
-
AXEJ
-
AXMJ
-
AXIJ
-
US10YT=X
-
AU10YT=RR
-
AXMAJD
-
NZ50
-
ALU
-
BRN
-
CIA
-
TIOc1
-
NVX
-
MP1
-
LKE
-
VEA
-
SQ2
-

By Oliver Gray 

Investing.com - The S&P/ASX 200 added 69.2 points or 1% to 7,251.9 after the first hour of Monday’s trade following gains of 0.5% in the previous week and tracking U.S. equities higher amid a strong relief rally during Friday’s session.

ASX 200 Futures were pointing 0.2% lower.

Among stocks,Information Technology led the gains, up 3.3% as Block Inc (ASX:SQ2) added 7.5%, Megaport Ltd (ASX:MP1) lifted 3.9%, Novonix Ltd (ASX:NVX) gained 9.1%, Brainchip Holdings Ltd (ASX:BRN) lifted 2.3% and Altium Ltd (ASX:ALU) gained 3%.

Materials also lifted 1.5% as Iron ore and Copper prices moved higher. Rio Tinto Ltd (ASX:RIO) added 0.9%, BHP Billiton Ltd (ASX:BHP) lifted 2.2%, Fortescue Metals Group Ltd (ASX:FMG) gained 1%, Champion Iron Ltd (ASX:CIA) added 1.2% and Lake Resources NL (ASX:LKE) lifted 7.7%.

Energy stocks were 0.2% higher overall amid rising crude oil prices. Woodside Energy Ltd (ASX:WDS) was down 0.3% and Santos Ltd (ASX:STO) added 0.9% while Beach Energy Ltd (ASX:BPT) and Viva Energy Group Ltd (ASX:VEA) fell 0.8% and 1.5% respectively.

Ahead in the week, market participants will be looking toward fresh GDP and retail sales data.

On the bond markets, Australia 10-Year rates were at 3.255% while United States 10-Year rates were at 2.743%.

In New Zealand, the NZX 50 added 0.8% to 11,152.

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.