Market Overview
The S&P/ASX 200 closed up sharply Wednesday, gaining 147.40 points or 1.66% to 9,014.80. Financial stocks led the charge with a 3.48% surge driven by strong earnings from Commonwealth Bank of Australia. Momentum built throughout the session, pushing the index back over 9,000 points for the first time since October.
Index & Breadth
The S&P/ASX 200 closed at 9,014.80, up 147.40 points or 1.66%.
Sectors
- Financial sector rose 3.48% on Commonwealth Bank earnings.
- Materials sector gained 2.11% amid strong demand for mining shares.
- Utilities sector increased 2.42%.
- Health Care sector fell 2.50%.
- A-REIT sector declined 0.31%.
- Energy sector dipped 0.02%.
Stock Highlights
Standout Gainers
- ABB Aussie Broadband Limited surged 14.79% to 5.20.
- AGL AGL Energy Limited jumped 11.75% to 9.89.
- JHX James Hardie Industries plc rose 10.92% to 36.87.
- EVN Evolution Mining Limited climbed 8.68% to 16.28.
Underperformers
- CSL CSL Limited dropped 11.00% to 163.44.
- RMD ResMed Inc fell 4.57% to 36.79.
- SLC Superloop Limited declined 3.25% to 2.38.
- CPU Computershare Limited slipped 3.13% to 31.29.
Commodities & FX
Gold buy price stood at $7,146.98/oz, silver at 120.00/oz, platinum at $3,056.82/oz, and palladium at $2,601.14/oz. AUD/USD traded at 0.7114.
Takeaways
- S&P/ASX 200 gained 147.40 points or 1.66% to close at 9,014.80.
- Financial sector led with 3.48% advance on CBA earnings.
- ABB topped gainers up 14.79% to 5.20.
- CSL led decliners down 11.00% to 163.44.
- Materials sector rose 2.11%.
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