⏳ Final hours! Save up to 60% OFF InvestingProCLAIM SALE

Miners and banks push Australia shares higher

Published 22/04/2021, 11:06 am
© Reuters.
US500
-
AXJO
-
JP225
-
BHP
-
AGL
-
RIO
-
OSH
-
IGO
-
RIO
-
WDS
-
AXMM
-
AXEJ
-
AXFJ
-
AXIJ
-
IXIC
-
NZ50
-
FPH
-
MP1
-
SML
-
DRR
-
NXL
-

April 22 (Reuters) - Australian shares were buoyed on Thursday by the mining, banking and technology sectors, although losses in energy stocks following an overnight drop in crude prices capped the gains.

The S&P/ASX 200 index .AXJO rose 0.5% to 7,033.2 by 0045 GMT, after shedding about 1% in the previous two sessions.

Among other markets, Japan's Nikkei .N225 rose 1.17%. S&P 500 E-minis futures EScv1 were down 0.25%, while all three major U.S. indexes finished higher overnight. .T .N

The tech-heavy Nasdaq .IXIC added 1.2%, outshining the S&P 500 .SPX in percentage gain shortly before the closing bell.

In Australia, the top gainers were royalty investment firm Deterra Royalties DRR.AX , up 6.34%, and nickel-gold miner IGO IGO.AX , which rose about 3%.

Technology stocks .AXIJ were the top percentage gainers, advancing as much as 1.1%. Data analytics firm Nuix NXL.AX added 1.9%, while Megaport MP1.AX gained 1.3%.

Financials .AXFJ rose 0.6%, with all the Big Four lenders advancing between 0.4% and 0.8%.

Miners .AXMM were up 0.7%, helped by BHP Group BHP.AX and Rio Tinto (LON:RIO) RIO.AX , which added about 0.9% each.

Energy stocks .AXEJ declined about 2%, with Oil Search OSH.AX and Woodside Petroleum WPL.AX shedding about 2.5% each, as oil prices fell to their lowest in a week overnight. O/R

Australia's top independent gas producer, Woodside, saw its March-quarter production dip slightly from a year earlier, even as an 8% rise in sales volume led to a jump in sales revenue. AGL Energy AGL.AX hit record low after its chief executive officer resigned just less than a month after the power producer announced its plans to split its businesses into two. the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.36% to 12,579.9, rebounding from two consecutive days of losses.

The top percentage gainers were Fisher & Paykel Healthcare FPH.NZ and Synlait Milk SML.NZ , up as much as 2% each.

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.