Market Overview
The S&P/ASX 200 closed up Monday, gaining 19.50 points or 0.22% to 8,937.10. Tech stocks led gains amid a positive start to the week following last week's 2.4% rally. Global markets showed mixed results with US indices finishing nearly flat after cooler inflation data.
Index & Breadth
The S&P/ASX 200 closed at 8,937.10, up 19.50 points or 0.22%. Over the last five days, the index gained 0.76% and sits 1.95% off its 52-week high.
Sectors
- Information Technology +5.65%, boosted by strong performances from WiseTech Global and Xero.
- Consumer Discretionary +1.64%, driven by gains in JB Hi-Fi.
- Industrials +1.41%, supported by standout move in Austal.
- Materials -1.04%, weighed down by declines in miners like Fortescue and Rio Tinto.
- Utilities -0.85%, lagging amid broader sector rotation.
- Financial -0.05%, pressured by ANZ’s drop.
Stock Highlights
Standout Gainers
- ASB Austal Limited +19.51% to 5.820, leading gains on strong defence sector momentum.
- WTC WiseTech Global Limited +12.88% to 48.110, riding information technology surge.
- SEK Seek Limited +7.95% to 17.100, benefiting from employment services demand.
- XRO Xero Limited +7.58% to 79.060, advancing on software strength.
Underperformers
- TWE Treasury Wine Estates Limited -5.15% to 4.970, hit by consumer staples weakness.
- FMG Fortescue Ltd -4.72% to 20.210, dragged by materials sector declines.
- RIO Rio Tinto Limited -4.12% to 162.750, falling with iron ore peers.
- ANZ ANZ Group Holdings Limited -3.08% to 39.630, contributing to financials’ flat close.
Commodities & FX
Gold buy price $7,085.66/oz, silver 113.69/oz, platinum $2,956.51/oz, palladium $2,522.21/oz. AUD/USD at 0.7088. Precious metals held firm in AUD terms amid global uncertainty.
Takeaways
- S&P/ASX 200 up 0.22% or 19.50 points to 8,937.10, with tech leading at +5.65%.
- Top gainer ASB Austal +19.51% to 5.820; worst TWE Treasury Wine -5.15% to 4.970.
- Five-day gain of 0.76%, 1.95% from 52-week high.
- Information Technology +5.65% top sector; Materials -1.04% bottom.
- AUD/USD 0.7088 with gold at $7,085.66/oz buy price.
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