ASX 200 Snaps 3 Sessions of Consecutive Loss

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ASX 200 Snaps 3 Sessions of Consecutive Loss
Credit: © Reuters.

By Oliver Gray - The S&P/ASX 200 finished Wednesday’s trading session 0.2% higher, recovering from early losses of 0.8% and advancing for the first time this week as gains in the Health Care , real estate and Materials sectors offset losses in Technology and Financial companies.

Among stocks, CSL Ltd (ASX: CSL ) added 2.1%, Sonic Healthcare Ltd (ASX: SHL ) gained 1.3%, Resmed Inc (ASX: RMD ) lifted 2% and Pro Medicus Ltd (ASX: PME ) added 1.3%

Mirvac Group (ASX: MGR ) lifted 1.4%, Charter Hall Group (ASX: CHC ) gained 1.3%. Goodman Group (ASX: GMG ) added 1.4% and Stockland Corporation Ltd (ASX: SGP ) lifted 0.5%.

Miners also rallied as Iron ore and Copper prices recovered. Rio Tinto Ltd (ASX: RIO ) added 2.6%, BHP Billiton Ltd (ASX: BHP ) gained 1.4% and Fortescue Metals Group Ltd (ASX: FMG ) added 2.3%.

Financials fell 1.1% with Australia and New Zealand Banking Group Ltd (ASX: ANZ ) down 1.5%, Westpac Banking Corp (ASX: WBC ) falling 1.6% and Commonwealth Bank Of Australia (ASX: CBA ) down 0.2% while National Australia Bank Ltd (ASX: NAB ) dropped 3.9% as it traded ex-dividend.

Info tech retreated 0.6% collectively, with Block Inc (ASX: SQ2 ) down 1.2%, Novonix Ltd (ASX: NVX ) down 1.2% and Xero Ltd (ASX: XRO ) falling 1%. Link Administration Holdings Ltd (ASX: LNK ) also dropped 15.1%.

On the bond markets, Australia 10-Year rates were at 3.5%, while United States 10-Year yields were at 2.956%.

In New Zealand, the NZX 50 added 0.2% to 11,257.

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