ASX 200 Extends 6-Week Highs

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ASX 200 Extends 6-Week Highs
Credit: © Reuters.

By Oliver Gray

Investing.com - The S&P/ASX 200 lifted 22.30 points or 0.30% to 7,463.30 in Tuesday’s trade, extending gains of 0.34% in the previous session and trading at fresh 6-week highs as investors tracked a positive session on Wall Street that saw major benchmark indices closing at record high valuations amid third-quarter earnings reports.

ASX 200 Futures ticked 0.1% higher.

In coronavirus news, New South Wales added 282 local cases today, while Victoria tallied 1510 cases. Meantime, Queensland reported 2 fresh cases .

Among stocks, Commonwealth Bank Of Australia (ASX: CBA ) added 0.14%, National Australia Bank Ltd (ASX: NAB ) gained 0.21% and Westpac Banking Corp (ASX: WBC ) lifted 0.35%, while Santos Ltd (ASX: STO ) gained 0.41%. Oil Search Ltd (ASX: OSH ) added 0.45% after reporting a 12% jump in quarterly sales revenue as a global energy crunch sent commodity prices soaring. Meantime, Crown Ltd (ASX: CWN ) jumped 9.01% after news that will retain its Melbourne casino licence for the next two years even after the royal commission found that the company was "unsuitable" to hold a casino licence after engaging in "illegal, dishonest, unethical and exploitative" conduct.

On the bond markets, Australia 10-Year rates were at 1.781% while United States 10-Year yields were at 1.631%.

In New Zealand, the NZX 50 was up 0.17% to 13116.

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