Australian Shares Lift 0.1% as Utilities Lead Gains

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Australian Shares Lift 0.1% as Utilities Lead Gains
Credit: © Reuters.

By Oliver Gray - The S&P/ASX 200 added 9.20 points or 0.12% to 7,387.10 on Thursday, extending gains of 0.5% in the previous session and trading at fresh 9-week highs as utilities companies pushed higher, while the energy and mining sectors increased as commodity prices continue to rally.

Among stocks,  Utilities finished 2.79% higher overall, as Meridian Energy Ltd (ASX: MEZ ) added 2.11%, Origin Energy Ltd (ASX: ORG ) gained 2.95%, APA Group (ASX: APA ) lifted 2.08% and AGL Energy Ltd (ASX: AGL ) gained 2.89%.

Energy companies added 1.95% collectively as Woodside Petroleum Ltd (ASX: WPL ) lifted 2.79%, Santos Ltd (ASX: STO ) gained 1.54% and Beach Energy Ltd (ASX: BPT ) added 0.63%.

Materials were up 0.97%, with Rio Tinto Ltd (ASX: RIO ) gaining 2.05%, BHP Billiton Ltd (ASX: BHP ) adding 1.78%, Fortescue Metals Group Ltd (ASX: FMG ) down 0.32%, Champion Iron Ltd (ASX: CIA ) dipped 0.28%, Arizona Lithium Ltd (ASX: AZL ) up 3.23%, Avz Minerals Ltd (ASX: AVZ ) gaining 7.28% and Core Lithium Ltd (ASX: CXO ) lifting 0.4%.

The Technology sector was 0.76% lower as Block Inc (ASX: SQ2 ) fell 2.29%, Appen Ltd (ASX: APX ) lost 1.13%, Megaport Ltd (ASX: MP1 ) fell 2.09%, Novonix Ltd (ASX: NVX ) dipped 1.2%, Brainchip Holdings Ltd (ASX: BRN ) closed flat at 1.02, Altium Ltd (ASX: ALU ) added 0.33% and Wisetech Global Ltd (ASX: WTC ) fell 0.13%.

On the bond markets, Australia 10-Year yields were at 2.756% while United States 10-Year rates were at 2.352%.

in New Zealand, the NZX 50 fell 0.36% to 12,017.61.

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