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Australian shares tick higher ahead of RBA rate decision

Published 04/04/2023, 10:42 am
Updated 04/04/2023, 10:45 am
© Reuters

By Oliver Gray 

Investing.com - The S&P/ASX 200 added just 6.9 points or 0.1% to 7,228.7 after the first 45 minutes of Tuesday's trade, extending 4-week highs touched yesterday as investors await a key interest rate decision and statement from Reserve Bank of Australia policymakers later in the session.

Among stocks, energy led the gains, lifting 1% overall as Woodside Energy Ltd (ASX:WDS) gained 0.5%, Santos Ltd (ASX:STO) lifted 1.5% and Beach Energy Ltd (ASX:BPT) added 1%.

Gold and coal miners also lifted as Gold Road Resources Ltd (ASX:GOR) gained 2.9%, Newcrest Mining Ltd (ASX:NCM) added 1.6% and Evolution Mining Ltd (ASX:EVN) lifted 3.2%, while New Hope Corporation Ltd (ASX:NHC) and Whitehaven Coal Ltd (ASX:WHC) added 5.7% and 6.6% respectively.

Among currencies, the Aussie was steady near 6-week highs of 0.6789.

On the bond markets, Australia 10-Year rates were at 3.286%.

In New Zealand, the NZX 50 added 0.3% to 11,865.6.

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