Australian Shares Up 1.2% from 4-Month Lows

  • Investing.com
  • Stock Market News
Australian Shares Up 1.2% from 4-Month Lows
Credit: © Reuters.

By Oliver Gray 

Investing.com - The S&P/ASX 200 added 85.1 points or 1.2% to 7,026.4 after the first hour of Friday’s trade, partially retracing declines of 1.9% in the previous session and lifting from 4-month lows as investors bought the dip among the Information Technology and Real Estate sectors.

Among stocks, Block Inc (ASX: SQ2 ) rebounded 11.6%, Appen Ltd (ASX: APX ) added 3%, Megaport Ltd (ASX: MP1 ) gained 6.1%, Link Administration Holdings Ltd (ASX: LNK ) lifted 9.6%, Novonix Ltd (ASX: NVX ) added 2.2% and Brainchip Holdings Ltd (ASX: BRN ) gained 8.1%.

Real estate companies were up 2.5% collectively, with Mirvac Group (ASX: MGR ) adding 1.4%, Charter Hall Group (ASX: CHC ) up 2%, Goodman Group (ASX: GMG ) adding 2.6%, Stockland Corporation Ltd (ASX: SGP ) up 2.8% and Scentre Group Ltd (ASX: SCG ) lifting 2%.

Health Care gained 1.9%, with CSL Ltd (ASX: CSL ) up 1.9%, Sonic Healthcare Ltd (ASX: SHL ) lifting 1%, Fisher & Paykel Healthcare Ltd (ASX: FPH ) up 1.3% and Resmed Inc (ASX: RMD ) gaining 2.1%.

Materials lifted 0.8% overall, with Rio Tinto Ltd (ASX: RIO ) up 2%, BHP Billiton Ltd (ASX: BHP ) adding 1.3%, Fortescue Metals Group Ltd (ASX: FMG ) gaining 1.2%, Magnis Resources Ltd (ASX: MNS ) up 3.9%, Piedmont Lithium Ltd (ASX: PLL ) lifting 3.8% and Liontown Resources Ltd (ASX: LTR ) up 3.5%.

On the bond markets, Australia 10-Year yields were at 3.356% while United States 10-Year rates were at 2.873%.

In New Zealand, the NZX 50 lost 0.6% to 11,115.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search