Market Overview
The S&P/ASX 200 closed up Thursday, gaining 28.70 points or 0.32% to 9,043.50 and setting a new 50-day high. Over the last five days, the index has gained 1.74% and is currently 0.79% off of its 52-week high. This positive session followed a less enthusiastic performance on US markets, with the Dow Jones down 0.13% and Nasdaq off 0.16%.
Index & Breadth
The S&P/ASX 200 closed at 9,043.50, up 28.70 points or 0.32%. The index reached an intraday high over 9,100 points.
Sectors
- Utilities led with +2.89%, driven by strong gains in energy providers like AGL Energy up 2.73%.
- Financials rose +2.56%, boosted by major banks including ANZ up 8.47%.
- Materials advanced +1.13%, supported by miners such as Rio Tinto up 2.58%.
- Information Technology fell -6.19%, hit by broad sector weakness.
- Health Care declined -5.45%, amid poor results and selling pressure.
- Consumer Discretionary dropped -2.13%, reflecting reduced investor favour.
Stock Highlights
Standout Gainers
- ANZ (ANZ GROUP HOLDINGS LIMITED) surged 8.47% to $40.350 on strong momentum.
- CBA (COMMONWEALTH BANK OF AUSTRALIA) rose 5.41% to $178.740 amid banking sector strength.
- NST (NORTHERN STAR RESOURCES LTD) gained 3.998% to $29.390.
- ORG (ORIGIN ENERGY LIMITED) climbed 3.884% to $11.500.
Underperformers
- TPW (TEMPLE & WEBSTER GROUP LTD) plunged 32.628% to $7.640.
- AMP (AMP LIMITED) tumbled 26.648% to $1.280.
- PME (PRO MEDICUS LIMITED) dropped 23.881% to $129.000.
- SDR (SITEMINDER LIMITED) fell 12.926% to $3.840.
Commodities & FX
Gold buy price stood at $7,132.76/oz, silver at $120.33/oz, platinum at $3,042.45/oz, and palladium at $2,547.49/oz. The AUD/USD exchange rate was 0.7121.
Takeaways
- S&P/ASX 200 gained 0.32% or 28.70 points to close at 9,043.50, hitting a new 50-day high.
- Financials topped sectors with +2.56%, led by ANZ up 8.47% to $40.350 and CBA up 5.41% to $178.740.
- Information Technology was the weakest at -6.19%, with Health Care down -5.45%.
- Over five days, the index rose 1.74% and sits 0.79% below its 52-week high.
- Gold buy price at $7,132.76/oz and AUD/USD at 0.7121 reflected commodity and currency levels.
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