ASX 200 Extends Gains for 4th Session

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ASX 200 Extends Gains for 4th Session
Credit: © Reuters.

By Oliver Gray - The S&P/ASX 200 added 57.6 points or 0.9% to 6,763.6 during Tuesday’s deals, closing higher for the fourth consecutive session, buoyed by strong gains in the Energy and Utilities sectors.

Among stocks, Woodside Energy Ltd (ASX: WDS ) lifted 4.3%, Santos Ltd (ASX: STO ) added 2.7%, Beach Energy Ltd (ASX: BPT ) gained 7% and Viva Energy Group Ltd (ASX: VEA ) increased 2.1%.

Major utility companies lifted 3.2% collectively, with Origin Energy Ltd (ASX: ORG ) up 3.3%, APA Group (ASX: APA ) adding 2.6% and Genesis Energy Ltd (ASX: GNE ) adding 0.8%.

Materials finished 3% higher with Rio Tinto Ltd (ASX: RIO ) up 3%, BHP Billiton Ltd (ASX: BHP ) adding 4.3%, Fortescue Metals Group Ltd (ASX: FMG ) up 3.8% and Champion Iron Ltd (ASX: CIA ) gaining 4.1%

Consumer Discretionary fell 1.4% with JB Hi-Fi Ltd (ASX: JBH ) down 3.9%, Tabcorp Holdings Ltd (ASX: TAH ) up 1.4%, Aristocrat Leisure Ltd (ASX: ALL ) down 0.9% and Wesfarmers Ltd (ASX: WES ) falling 2.3%.

Meantime, Collins Foods Ltd (ASX: CKF ) soared 11.5% after the company reported an 11.1% increase in revenues to $1184.5 million during fiscal 2022, while BWX Ltd (ASX: BWX ) dived 40.6% after the company announced a fully underwritten $23.2 million capital raise and downgraded earnings guidance.

On the bond markets, Australia 10-Year rates were at 3.742 while United States 10-Year yields were at 3.213%.

In New Zealand, the NZX 50 added 0.2% to 11,018.6.

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