Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Australia shares rise for third session on tech, energy boost

09/22/2021 | 09:41pm EDT

Sept 23 (Reuters) - Australian shares rose for a third straight session on Thursday, driven by tech and energy firms, with strong gains on Wall Street overnight also supporting sentiment.

The benchmark S&P/ASX 200 index rose nearly 1% to 7,366.6, marking its best day since Aug. 2, after closing 0.3% higher on Wednesday.

All three major U.S. stock indexes rose overnight after the Federal Reserve said it would likely begin reducing its monthly bond purchases as soon as November, while concerns also eased over a default by property developer China Evergrande.

In Australia, technology stocks rose 2.4%, with Afterpay Ltd adding 3.7% and ML Payments Ltd gaining 2.4% as the tech-heavy Nasdaq rose more than 1% overnight.

The energy index rose 2.1% to its highest level in more than seven weeks, led by Washington H Soul Pattinson and Co Ltd rising 5.11% and Beach Energy gaining 3.3%.

Energy majors Woodside Petroleum and Oil Search advanced as much as 2.4% and 3.0%, respectively, as oil prices settled higher overnight after U.S. crude stocks fell to their lowest in three years.

Financial stocks rose 1.1%, with Zip Co Ltd advancing 3.8%, followed by Hub24 Ltd gaining 3.5%, while the "Big Four" banks added between 0.7% and 1.5%.

The gold index, however, fell half a percent as Alkane Resources shed 4.2% and Dacian Gold lost 2.4% as bullion lost some sheen on the Fed's latest signals.

In New Zealand, the benchmark S&P/NZX 50 index rose 0.33% to 13,259.8.

Fonterra, the world's biggest dairy exporter, gained 2.3% after posting a profit surge and proposing a new capital structure to expand its domestic share. (Reporting by Aditya Munjuluru; Editing by Ramakrishnan M.)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY LIMITED -2.70% 122.6 End-of-day quote.3.90%
ALKANE RESOURCES LIMITED 0.00% 0.89 End-of-day quote.-6.81%
BEACH ENERGY LIMITED 5.07% 1.45 End-of-day quote.-19.67%
CHINA EVERGRANDE GROUP -0.74% 2.67 End-of-day quote.-82.08%
DACIAN GOLD LIMITED 11.11% 0.25 End-of-day quote.-39.02%
EML PAYMENTS LIMITED -3.15% 3.07 End-of-day quote.-26.56%
FONTERRA CO-OPERATIVE GROUP LIMITED -2.21% 3.1 End-of-day quote.-29.38%
HUB24 LIMITED -1.07% 32.24 End-of-day quote.51.08%
OIL SEARCH LIMITED 3.46% 4.48 End-of-day quote.20.75%
WASHINGTON H. SOUL PATTINSON AND COMPANY LIMITED 0.91% 34.19 End-of-day quote.13.63%
WOODSIDE PETROLEUM LTD 3.70% 24.13 End-of-day quote.6.11%
ZIP CO LIMITED -2.44% 6.79 End-of-day quote.28.36%
Latest news "Economy & Forex"
07:51aGE lifts 2021 earnings forecast, flags 'challenging operating environment'
07:51aPortugal's EDP in talks to buy majority stake in Sunseap - sources
07:50aCrestwood Equity to boost U.S. shale footprint with $1.8 billion deal
07:48aDollar slips, lacking momentum ahead of central bank meetings
07:48aBotswana delivers first iron ore exports to China
07:45aUK inflation expectations highest since 2008 before BoE rate decision - Citi/YouGov
07:42aSibanye Stillwater agrees $1 bln deal for nickel, copper mines in Brazil
07:37aLockheed clips revenue outlook on supply chain woes
07:35aWTO panel to examine Australia-China wine dispute - trade source
07:34aS&P, Dow futures hit record highs as investors eye tech earnings
Latest news "Economy & Forex"