May 24 (Reuters) - Australian shares inched higher on Monday, helped by a rise in energy stocks, while investors looked to U.S. inflation data due later this week that could determine the Federal Reserve's monetary policy stance.
The S&P/ASX 200 index (xjo) flitted between positive and negative territories before trading 0.4% higher at 7,058.9 by 0115 GMT. The benchmark ended up 0.2% on Friday.
The energy index .AXEJ rose 0.5%, boosted by higher crude prices. Whitehaven Coal Ltd (WHC) , up 2.5%, and fuel refiner Ampol Ltd (ALD) were the top gainers on the subindex.
Eyeing core inflation data in the United States, investors were worried that a high reading could revive talks of an early tapering in the Fed's bond-buying programme.
Among other stocks and sectors, the IT index .AXIJ rose 0.2%, led by Codan Ltd (CDA) , up 2.8%, and followed by Nuix Ltd (NXL) , gaining 2.6%.
The metals and mining index .AXMM fell 0.1% on slumping iron ore prices after top steel producer China stepped up efforts to cool a blistering demand-driven rally in raw material prices.
The mining trio — BHP Group (BHP) , Rio Tinto (RIO) and Fortescue Metals (FMG) — fell between 0.1% and 0.9%.
Financial stocks .AXFJ dipped 0.1%, led lower by AMP Ltd (AMP) , down 3.6%. Macquarie Group Ltd (MQG) lost 2.3%.
However, buy-now-pay-later (BNPL) firm Zip Co (Z1P) was the biggest gainer on the benchmark after announcing expansion to Europe and Middle East by acquiring two companies there for about A$160 million ($123.76 million).
In New Zealand, the benchmark S&P/NZX 50 index (nz50) fell 0.4% to 12,415.7.
Synlait Milk Ltd (SML) was the biggest loser on the index after the dairy producer forecast annual loss due to COVID-19 disruption to its key "daigou" supply channel to China.
- Forums
- ASX - By Stock
- DRR
- News: DRR Australia shares rise on energy boost; U.S. inflation data in focus
News: DRR Australia shares rise on energy boost; U.S. inflation data in focus
Featured News
Add DRR (ASX) to my watchlist
|
|||||
Last
$4.08 |
Change
-0.075(1.81%) |
Mkt cap ! $2.141B |
Open | High | Low | Value | Volume |
$4.17 | $4.18 | $3.99 | $16.69M | 4.104M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 4679 | $4.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.08 | 14541 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
38 | 7871 | 4.070 |
30 | 21265 | 4.060 |
23 | 28111 | 4.050 |
13 | 14914 | 4.040 |
11 | 13902 | 4.030 |
Price($) | Vol. | No. |
---|---|---|
4.080 | 15846 | 9 |
4.090 | 11044 | 13 |
4.100 | 16182 | 11 |
4.110 | 6468 | 7 |
4.120 | 7181 | 7 |
Last trade - 14.14pm 17/06/2024 (20 minute delay) ? |
|
|||||
Last
$4.07 |
  |
Change
-0.075 ( 2.12 %) |
|||
Open | High | Low | Volume | ||
$4.18 | $4.18 | $4.00 | 948876 | ||
Last updated 14.31pm 17/06/2024 ? |
Featured News
DRR (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online