Feb 23 (Reuters) - Australian shares rose on Friday, tracking a broader rally in global peers, while strong performances in domestic technology stocks and financials helped offset losses in commodities.
The S&P/ASX 200 index (xjo) rose 0.5% to 7,650.30 by 2355 GMT. The benchmark ended flat on Thursday.
AI chipmaker Nvidia's NVDA.O stunning results sparked a worldwide wave of record highs in equity markets in the previous session.
Australian technology stocks .AXIJ tracked Wall Street peers higher to jump as much as 2.7%, touching their highest level since Jan. 6, 2022. The sub-index was also on track to record a fourth weekly gain, if trend holds.
ASX-listed shares of Block Inc (SQ2) surged as much as 17.1% to hit their highest level since Aug. 2 after the Jack Dorsey-led payments firm forecast adjusted core earnings for the current quarter above Wall Street estimates.
Financials .AXFJ advanced nearly 1% and were on track to record a seventh straight weekly gain, with the "Big Four" banks adding between 0.6% and 0.9%.
On the other hand, heavyweight miners .AXMM were down 0.1%, set for a third consecutive weekly loss. Still, BHP Group (BHP) , Rio Tinto (RIO) and Fortescue (FMG) gained between 0.2% and 0.7%.
Gold stocks .AXGD tracked bullion prices lower to slide as much as nearly 3.2%, hitting their lowest level since Oct. 6, 2023.
Energy stocks .AXEJ fell 0.3% and were poised to end a third week in the red. Woodside Energy (WDS) lost 0.7%, while Santos (STO) gained 0.5%.
Among individual stocks, Brambles (BXB) jumped as much as 4.7% to hit a record high after the supply chain logistics firm reported an 18% jump in its half-year profit.
New Zealand's benchmark S&P/NZX 50 index (nz50) was up 0.1% at 11,703.74.
A Reuters poll showed the Reserve Bank of New Zealand will hold its cash rate at a 15-year high of 5.50% on Feb. 28 and wait until July at the earliest before beginning to reduce the base cost of borrowing.
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Last
$7.71 |
Change
0.060(0.78%) |
Mkt cap ! $1.192B |
Open | High | Low | Value | Volume |
$7.65 | $7.80 | $7.61 | $2.555M | 331.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 11380 | $7.70 |
Sellers (Offers)
Price($) | Vol. | No. |
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$7.73 | 3229 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11380 | 7.700 |
1 | 921 | 7.680 |
1 | 921 | 7.670 |
2 | 10921 | 7.660 |
1 | 921 | 7.650 |
Price($) | Vol. | No. |
---|---|---|
7.730 | 3229 | 4 |
7.740 | 921 | 1 |
7.750 | 921 | 1 |
7.760 | 921 | 1 |
7.920 | 1250 | 1 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$7.71 |
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Change
0.060 ( 1.11 %) |
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Open | High | Low | Volume | ||
$7.65 | $7.80 | $7.61 | 79306 | ||
Last updated 15.59pm 06/05/2024 ? |
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