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.
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News: DRR Australia shares rise on energy boost; U.S. inflation data in focus
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Last
$4.79 |
Change
0.010(0.21%) |
Mkt cap ! $2.532B |
Open | High | Low | Value | Volume |
$4.75 | $4.81 | $4.71 | $4.521M | 945.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 22584 | $4.78 |
Sellers (Offers)
Price($) | Vol. | No. |
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$4.80 | 14020 | 3 |
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No. | Vol. | Price($) |
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1 | 1155 | 4.770 |
1 | 1155 | 4.760 |
3 | 8155 | 4.750 |
2 | 1785 | 4.740 |
3 | 8155 | 4.730 |
Price($) | Vol. | No. |
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4.810 | 5955 | 2 |
4.820 | 1305 | 2 |
4.830 | 1111 | 1 |
4.840 | 2111 | 2 |
4.850 | 1111 | 1 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$4.80 |
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Change
0.010 ( 0.25 %) |
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Open | High | Low | Volume | ||
$4.75 | $4.81 | $4.72 | 367782 | ||
Last updated 15.59pm 24/05/2024 ? |
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