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

Australian shares rise on upbeat corporate earnings, tech push

08/19/2021 | 09:17pm EDT

Aug 20 (Reuters) - Australian shares rose on Friday as a handful of upbeat earnings reports and firmer technology stocks outweighed losses in miners and energy names.

The S&P/ASX 200 index rose 0.6% to 7,511.3 points by 0045 GMT, after having fallen 0.5% on Thursday.

Tech stocks rose 0.8%, tracking its Wall Street peers higher. Electronics equipment maker Codan Ltd led the gains, which rose as much as 4% after reporting an over 50% profit jump in fiscal 2021.

Financials were up 0.8% with the "Big Four" banks gaining between 0.04% and 1.2%.

Inghams group rose as much as 9% and was among the top gainers on the benchmark index. The poultry producer reported a two-fold jump in its statutory net profit.

Gold stocks, however, slid 1.6% as bullion prices eased. Heavyweight miner Newcrest Mining was down 2.8% while West African Resources fell 2.4%.

Miners were down 0.4% to their lowest level in over four months on subdued commodity prices.

The top three miners, BHP Group, Rio Tinto and Fortescue Metals fell between 0.5% and 1.2%

New Zealand's benchmark S&P/NZX 50 index was marginally down 0.03% to 12,954.18 points

Two positive COVID-19 cases were detected in New Zealand's capital of Wellington and the government is due to decide whether it would extend or end the snap lockdown declared earlier this week. (Reporting by Tejaswi Marthi in Bengaluru; editing by Uttaresh.V)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP 0.47% 38.57 End-of-day quote.-9.10%
CODAN LIMITED 7.59% 13.33 End-of-day quote.19.23%
EML PAYMENTS LIMITED 1.29% 3.15 End-of-day quote.-24.64%
FORTESCUE METALS GROUP LIMITED -0.41% 14.5 End-of-day quote.-38.11%
INGHAMS GROUP LIMITED 0.00% 3.82 End-of-day quote.22.44%
NEWCREST MINING LIMITED 0.81% 24.82 End-of-day quote.-3.72%
S&P/ASX 200 0.53% 7413.7 Real-time Quote.11.96%
WEST AFRICAN RESOURCES LIMITED 1.46% 1.39 End-of-day quote.33.01%
Latest news "Economy & Forex"
05:57pRenaissance Insurance offers shares at 120 roubles/piece in Moscow IPO
RE
05:57pProtesters denounce Netflix over Chappelle transgender comments
RE
05:49pQualtrics raises full-year sales forecast above Wall Street expectations
RE
05:49pKinder Morgan profit rises as fuel demand heats up
RE
05:49pBritain and New Zealand strike free trade deal
RE
05:48pFed report shows wage pressures amid 'modest to moderate' economic growth
RE
05:39pUK's National Grid to bring back 500 MW at IFA1 interconnector
RE
05:39pThe WSJ Dollar Index Falls 0.17% to 88.03 -- Data Talk
DJ
05:39pEuro Gains 0.13% to $1.1651 -- Data Talk
DJ
05:39pSterling Gains 0.24% to $1.3825 -- Data Talk
DJ
Latest news "Economy & Forex"