🔴 LIVE: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

REFILE-Tech stocks lead Australian benchmark higher amid Wall Street weakness

Published 13/04/2021, 10:48 am
©  Reuters
US500
-
DJI
-
AXJO
-
JP225
-
CDA
-
BPT
-
IMD
-
AXMM
-
AXEJ
-
AXFJ
-
AXIJ
-
NZ50
-
XRO
-
ZIP
-
NWL
-
NIC
-
SML
-
NKc1
-
ALD
-

(Adds dropped word 'Australian' in headline)

April 13 (Reuters) - Australian shares were led higher by a jump in technology stocks on Tuesday, while losses in energy stocks and miners capped gains.

The S&P/ASX 200 index .AXJO rose 0.29% to 6,994 points in early trade, off 3.1% from its lifetime high on Feb. 20, 2020. Buy-now-pay-later firm Zip Co Z1P.AX was the top gainer on the benchmark after announcing upbeat quarterly results.

Zip said it was investing in both developed and developing markets to expand its global footprint and also made a soft launch into Canada, driven by U.S. merchants' demand.

The S&P 500 .SPX and Dow Jones industrial average .DJI ended lower on Monday, with investors waiting for cues from the upcoming corporate earnings season and a key inflation report later this week. .N

Overseas, S&P 500 E-minis futures EScv1 were up 0.04%, while Nikkei futures NKc1 rose 0.05%.

Australia's technology stocks .AXIJ rose 1.48% led by electronics solutions developer Codan Ltd CDA.AX followed by Xero Ltd XRO.AX , both gaining over 2%.

Financial stocks .AXFJ rose 0.3% led by Zip Co Ltd Z1P.AX , up 5.41%, followed by Netwealth Group Ltd NWL.AX , gaining 3.11%.

ASX 300 metals and mining index .AXMM fell 0.02% led by Imdex Ltd IMD.AX , down 1.62%, followed by Nickel Mines Ltd NIC.AX , losing 1.59%.

ASX 200 Energy index .AXEJ fell 0.56​% with Ampol Ltd ALD.AX being the biggest decliner at 1.88%, followed by Beach Energy Ltd BPT.AX , losing 1.17%.

New Zealand's benchmark S&P/NZX 50 index .NZ50 rose about 0.3% to 12560.1 with dairy firm Synlait Milk SML.NZ leading gains. The country's central bank is set to leave interest rates unchanged on Wednesday.

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.