Oil prices rebound on confirmation of trade talks Energy,...

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825
    • Oil prices rebound on confirmation of trade talks
    • Energy, financial stocks lead gains
    • Aussie shares of CYBG Plc top decliner on benchmark

    (Updates to close)

    Sept 5 (Reuters) - Australian shares ended a three-day losing streak to close at a one-month high on Thursday, as confirmation of U.S.-China trade talks cheered investors, while soaring crude oil prices powered energy stocks.

    The S&P/ASX 200 index (xjo) closed up 0.9% at 6,613.2 points. The benchmark fell 0.3% on Wednesday.

    Oil prices, which had risen more than 4% overnight and dipped slightly in early Asian trade, rebounded after China and the United States agreed to hold high-level trade talks in early October in Washington.

    China's commerce ministry also said its trade team will consult with their U.S. counterparts in mid-September in preparation for the meeting.

    Leadings gains on the benchmark index, energy stocks .AXEJ jumped 1.4%, with its biggest player Woodside Petroleum (WPL) marking its best day in over 2 months, while engineering services provider WorleyParsons (WOR) added 4.1%.

    Financial stocks .AXFJ also provided a boost to the local benchmark, rising 1% to a more than three-week high. The country's "Big Four" banks gained between 0.7% and 1.1%.

    But Australian-listed shares of British lender CYBG Plc (CYB) slumped 20.3%, making it the top decliner on the benchmark index, after the company said it expected to increase provisions for legacy payment protection insurance costs.

    The mining sector .AXMM closed marginally higher as gains were capped by a 0.7% fall in shares of BHP Group (BHP) , the mining sub-index's largest constituent and the country's biggest firm by market value, as it traded ex-dividend.

    Amid an overall improvement is risk appetite, gold miners .AXGD lost their sheen due to the reduced safe-haven demand for the precious metal.

    Top gold miners Newcrest Mining (NCM) and St Barbara (SBM) shed 0.7% and 2.2%, respectively.

    Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index (nz50) advanced 0.9% to finish at 11,106.67.

    Electricity retailer Meridian Energy (MEL) and Vital Healthcare Property Trust (VHP) were the top performers on the benchmark, strengthening 3% each.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$13.13
Change
0.030(0.23%)
Mkt cap ! $6.775B
Open High Low Value Volume
$13.13 $13.19 $13.02 $22.70M 1.728M

Buyers (Bids)

No. Vol. Price($)
1 30 $13.13
 

Sellers (Offers)

Price($) Vol. No.
$13.18 9668 3
View Market Depth
Last trade - 16.10pm 08/08/2025 (20 minute delay) ?
WOR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.