Sept 27 (Reuters) - Australia shares hit a more than
one-week high on Monday, boosted by heavyweight banking and
mining stocks on strong commodity prices over the weekend,
though losses in tech and healthcare capped gains.
The benchmark S&P/ASX 200 index gained 0.7% to
7,395.9 as at 0110 GMT, its highest since Sept. 17.
Miners rose as much as 1.6%, led by Mineral
Resources Ltd jumping 4.4%, followed by Lynas Rare
Earths Ltd advancing 2.9%, after iron ore futures
gained more than 4% on Friday.
Global miners BHP Group, Rio Tinto and
Fortescue Metals gained between 1.4% and 4%.
Financials climbed 1.1%, led by top lender
Commonwealth Bank of Australia rising 1.9%, followed by
IOOF Holdings Ltd gaining 1.9%.
Energy index rose 1.8% led by a 2.5% jump in Beach
Energy, followed by Woodside Petroleum gaining
2.5% as oil prices rose for a third week in a row to a near
three-year high on Friday on global output disruptions..
Australian Pharmaceutical Industries jumped as much
as 4.8%, after the drugmaker received a non-binding proposal
from Sigma Healthcare, valuing it at A$773.5 million
($561.4 million), rivalling an offer from Wesfarmers.
Bucking the trend, healthcare firms were down 1.5%,
with CSL Ltd dropping as much as 2.1%.
Technology stocks fell more than 0.7%, with
heavyweights NEXTDC Ltd and Afterpay Ltd shedding 5.9%
and 1.2%, respectively.
In New Zealand, the benchmark S&P/NZX 50 index rose
0.04% to 13,254.1.
Elsewhere, Japan's Nikkei was up 0.28% at 30,334.51.
(Reporting by Aditya Munjuluru; Editing by Rashmi Aich)