Australian shares traded higher on Wednesday, boosted by hopes for further stimulus measures to prop up a pandemic-hit economy, although gains were capped by fears of a second wave of coronavirus infections.
The S&P/ASX 200 index (xjo) rose 0.37% to 5,919.8 in early trade. The index finished 1.4% firmer on Tuesday after a senior central bank official said the economy would need "considerable" support for some time.
However, concerns over the pandemic's economic impact checked gains after the nation's second-biggest city, Melbourne, enforced the lockdown of 36 suburbs to counter a spike in coronavirus cases.
The gold subindex .AXGD rose 2.72%, with Newcrest Mining (NCM) rising more than 1% as bullion prices surged to a near eight-year high on safe-haven demand as virus cases rose.
Technology stocks gained more than 2%, with data centre manager NEXTDC Ltd (NXT) jumping nearly 6% as it added contracted commitments to its New South Wales data centre.
Metals and mining stocks .AXMM rose 0.86%, with global miner BHP Group (BHP) advancing 0.3%. Red 5 Ltd (RED) , 7.5% higher, was the biggest gainer on the subindex.
Energy stocks .AXEJ fell 0.4%, with Cooper Energy Ltd (COE) leading losses, as the virus' impact on demand coupled with a potential resurgence of Libyan oil production hurt oil prices.
Insurer Suncorp Group (SUN) fell 1.2% in early trade after saying it had set aside an additional $62 million-$90 million for natural hazard costs in 2020/21, compared with last year.
On Wall Street, the three major indexes rose between 0.9% and 1.9%.
The number of issues on the ASX that advanced were 772, while 340 declined.
New Zealand's benchmark S&P/NZX 50 index (nz50) fell 0.34% to 11,411.7.
Auckland International Airport Ltd (AIA) dropped 1.5% as it forecast a hit to reported profit and proposed further job cuts.
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Australian shares traded higher on Wednesday, boosted by hopes...
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Last
$14.56 |
Change
0.045(0.31%) |
Mkt cap ! $9.298B |
Open | High | Low | Value | Volume |
$14.52 | $14.63 | $14.48 | $5.682M | 390.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 1954 | $14.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.56 | 3122 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 1931 | 14.550 |
23 | 2992 | 14.540 |
9 | 2308 | 14.530 |
9 | 5525 | 14.520 |
10 | 3015 | 14.510 |
Price($) | Vol. | No. |
---|---|---|
14.560 | 2994 | 28 |
14.570 | 4634 | 25 |
14.580 | 4748 | 15 |
14.590 | 5051 | 12 |
14.600 | 7050 | 12 |
Last trade - 15.41pm 11/08/2025 (20 minute delay) ? |
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