Jan 22 (Reuters) - Australian shares rose on Monday, led by heavyweight financials, while technology stocks emerged as the top percentage gainers following a chipmaker-fuelled rally on Wall Street last week.
The S&P/ASX 200 index (xjo) was up 0.56% at 7,463.30 points, as of 0030 GMT. The benchmark lost 1% last week.
The S&P 500 .SPX posted a record high close on Friday for the first time in two years, fuelled by a rally in U.S. chipmakers and other heavyweight technology stocks on optimism around artificial intelligence.
On the domestic bourse, Australian technology stocks .AXIJ rose as much as 1.1% on Monday, their highest since Sept. 4, 2023.
Sector majors Xero (XRO) and Wisetech Global (WTC) climbed 2% each.
Financials .AXFJ climbed 1%, with the "Big Four" banks rising between 0.7% and 1.3%.
Gold stocks .AXGD rose as much as 0.2%, lifted by a 1.1% jump in shares of Northern Star Resources (NST) .
Bucking the trend, energy stocks .AXEJ edged 0.1% lower as oil prices dipped on Friday on concerns over demand in China.
Heavyweight mining stocks .AXMM slipped 0.1%, with sector majors BHP (BHP) , Rio Tinto (RIO) and Fortescue (FMG) falling between 0.04% and 0.6%.
Shares of Liontown Resources (LTR) fell as much as 25.9% to their lowest level since June 2022 to emerge as the top loser in the benchmark index, after the lithium miner announced a review of the planned expansion of its Kathleen Valley project.
Lynas Rare Earths (LYC) fell as much as 3.4%, their lowest level since July 2021, after its second-quarter revenue fell sharply.
Diversified miner South32 (S32) fell as much as 5.2% and was on track for its worst day in five months on lower-than-expected quarterly coal and manganese output.
Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index (nz50) rose 0.3% to 11,699.01.
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Jan 22 (Reuters) - Australian shares rose on Monday, led by...
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Last
$115.44 |
Change
1.820(1.60%) |
Mkt cap ! $42.75B |
Open | High | Low | Value | Volume |
$114.28 | $115.60 | $114.23 | $84.02M | 729.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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14 | 263 | $115.43 |
Sellers (Offers)
Price($) | Vol. | No. |
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$115.45 | 961 | 9 |
View Market Depth
No. | Vol. | Price($) |
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12 | 316 | 115.490 |
7 | 303 | 115.480 |
4 | 179 | 115.470 |
7 | 283 | 115.460 |
6 | 275 | 115.450 |
Price($) | Vol. | No. |
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115.500 | 9 | 1 |
115.510 | 11 | 1 |
115.520 | 217 | 7 |
115.530 | 224 | 8 |
115.540 | 732 | 6 |
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