🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Westpac lifts Australian shares higher, miners and oil firms cap gains

Published 03/05/2021, 11:04 am
Updated 03/05/2021, 11:06 am
© Reuters.
US500
-
AXJO
-
JP225
-
CBA
-
ANZ
-
OSH
-
CHC
-
BKL
-
WBC
-
WDS
-
AXGD
-
AXMM
-
AXEJ
-
AXFJ
-
NZ50
-
SKT
-
MIAPJ0000PUS
-
AMI
-
ADN
-
DEG
-
OCA
-
NKc1
-
CAI
-
ALD
-

May 3 (Reuters) - Australian shares rose on Monday, boosted by gains in the country's second-biggest lender Westpac Banking Corp after upbeat earnings, but gains were capped by losses in miners and energy companies on weak commodity prices.

The S&P/ASX 200 index .AXJO was up 0.5% at 7,059.5 as at 0034 GMT.​

The top percentage gainers on the .AXJO were Charter Hall Group CHC.AX , up 1.14%, followed by Ampol Ltd ALD.AX , gaining 1.06% and Blackmores Ltd BKL.AX , rising 1.06%.

Financial stocks .AXFJ were the biggest percentage gainers, adding about 1.5%, with Australia and New Zealand Banking Group ANZ.AX and Commonwealth Bank of Australia CBA.AX gaining 0.5% each.

Westpac WBC.AX jumped as much as 4.4%, after it reported a near three-fold jump in its first-half cash earnings, and it laid out a three-year plan to cut costs. .AXMM were down 0.4% led by De Grey Mining Ltd DEG.AX , down 1.4%, followed by Aurelia Metals AMI.AX , losing 1.2%.

Among gold miners .AXGD , Andromeda Metals ADN.AX soared 8.9%, while Calidus Resources CAI.AX jumped 2.63​%.

Energy sub-index .AXEJ was down 0.7%, with Oil Search OSH.AX and Woodside Petroleum WPL.AX losing 1.6% and 0.6%, respectively. Oil prices declined on Friday on worries that fuel demand in India would be impacted by soaring COVID-19 infections and consequent lockdowns. New Zealand, the benchmark S&P/NZX 50 index .NZ50 rose as much as 0.4% to 12,776.60, hitting its highest level since Feb. 18 and rising for a fourth straight session.

The top percentage gainers on the benchmark were SKY Network Television SKT.NZ and Oceania Healthcare OCA.NZ , both rising as much as 2.4%.

In other markets, the S&P 500 E-minis futures EScv1 were up 0.32%, Nikkei futures NKc1 edged up 0.2%, while the MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was nearly flat. MKTS/GLOB

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.