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
$128.52 |
Change
-0.440(0.34%) |
Mkt cap ! $47.70B |
Open | High | Low | Value | Volume |
$129.47 | $130.42 | $127.81 | $145.4M | 1.126M |
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1 | 477 | $128.49 |
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$128.52 | 2182 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 805 | 128.330 |
1 | 1000 | 128.300 |
1 | 810 | 128.100 |
2 | 2200 | 128.050 |
3 | 2209 | 128.000 |
Price($) | Vol. | No. |
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128.520 | 2182 | 1 |
128.620 | 2193 | 1 |
128.690 | 5892 | 1 |
128.710 | 2369 | 2 |
128.750 | 1355 | 1 |
Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
$128.19 |
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Change
-0.440 ( 0.29 %) |
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Open | High | Low | Volume | ||
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