Australian market modestly higher | Nasdaq


(RTTNews) – The Australian stock market is slightly higher on Friday, extending gains from the previous three sessions, with the benchmark S&P/ASX 200 index remaining below the 7,300 level, following broadly positive signals from European markets today. overnight, as traders remain optimistic the US Fed will reduce the pace of its interest rate hikes. Tech and financial stocks led the gains.

The benchmark S&P/ASX 200 gained 18.00 points or 0.25% to 7,259.80, after hitting a high of 7,262.50 earlier. The broader All Ordinaries index is up 17.70 points or 0.24% at 7,449.90. Australian markets ended slightly higher on Thursday.

Among the major miners, BHP Group lost more than 1%, Fortescue Metals fell 0.5%, Rio Tinto fell nearly 1%, mineral resources fell nearly 4% and OZ Minerals fell 0.2%. .

Oil inventories are mixed. Santos and Beach Energy lost almost 1% each, while Woodside Energy added more than 1% and Origin Energy gained 0.5%.

Among tech stocks, WiseTech Global and Zip are up nearly 1% each, while Xero is up more than 1%, Afterpay owner Block is up 0.2% and Appen is up more than 3%.

Among the big four banks, National Australia Bank, Commonwealth Bank, ANZ Banking and Westpac are also up 0.4 to 0.5% each. Gold miners are mostly inferior. Northern Star Resources and Newcrest Mining fell 0.2 to 0.5% each, while Evolution Mining lost nearly 1%. Gold Road Resources rose 0.3% and Resolute Mining gained nearly 3%.

In the currency market, the Australian dollar is trading at $0.675 on Friday.

On Wall Street, markets were closed on Monday for the Thanksgiving holiday and will resume action on Friday.

Meanwhile, major European markets traded higher on the day. Germany’s DAX climbed 0.78% and France’s CAC 40 gained 0.42%, while Britain’s FTSE 100 edged up 0.02%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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