XIJ 1.39% 2,376.2 s&p/asx 200 information technology

AXJO on three-day winning streak Financials at about 2-year...

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    	  AXJO on three-day winning streak 
    

    	  Financials at about 2-year high 
    

    	  CBA at record closing high 
    

    (Updates to close)

    Australian shares extended gains on Tuesday, driven by miners and financial stocks, as a survey showed that business confidence in the country improved last month, while technology stocks continued to track a Wall Street rally.

    The S&P/ASX 200 index (xjo) jumped 0.5% to 7,514.90 points, its highest closing level in two weeks, and marked its third straight daily rise.

    The S&P 500 ended at its all-time closing high for a second straight session, as technology firms added to recent gains.

    Locally, a survey from National Australia Bank (NAB) showed its measure of business confidence rebounded 7 points to -1 last month.

    "Gains today came courtesy of supportive tailwinds from Wall Street and as the NAB Business confidence index improved in December from the prior month," said Tony Sycamore, a market analyst at IG Australia.

    Heavyweight financials .AXFJ rose 0.8%, ending at their highest level since late-April 2022, and recording their fourth straight daily gain.

    The 'big four' banks firmed between 0.5% and 1%, while top lender Commonwealth Bank of Australia (CBA) ended at its record closing high.

    Miners .AXMM climbed 0.6% in their best day in two weeks, following a rise in iron ore prices after top steel producer China pledged to support market confidence.

    Sector giants BHP (BHP) and Fortescue (FMG) rose 1% and 0.8%, respectively.

    Information technology stocks .AXIJ also extended their rally, rising 0.6% on a positive lead from their Wall Street peers .IXIC .

    Index major Wisetech Global (WTC) rose 2.7%, having hit its highest level since August during the session, before paring gains.

    Healthcare companies .AXHJ climbed 1%, rising for a third consecutive day to end at a seven-month high, with Healius (HLS) and Ramsay Health Care (RHC) gaining 2.6% and 1.2%.

    Bucking the trend, gold stocks .AXGD lost 0.7%, with Northern Star Resources (NST) and Evolution Mining (EVN) dropping 2% and 2.2%, respectively.

    Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index (nz50) finished about 1% higher at 11,802.88 points.

 
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