Aug 23 (Reuters) - Australian shares rose on Monday, led by
mining and technology stocks, as upbeat annual results from
Event Hospitality & Entertainment and plumbing firm Reliance
Worldwide lifted risk appetite in the final week of the
corporate earnings season.
The S&P/ASX 200 index was up 0.15% at 7,472.3 points
points, as of 0158 GMT. The benchmark closed lower at 7,460.9
points on Friday.
Technology stocks tracked a strong Wall Street
finish from the previous session, with Australian data company
Appen Ltd jumping 4.34% and Nearmap Ltd
Sub-index heavyweight Afterpay led the advance
among tech stocks, rising as much as 3.6% to hit its highest in
about two weeks.
Reliance Worldwide touched a three-year high,
jumping as much as 4%, after the global plumbing, heating and
piping firm nearly tripled its final payout and doubled its
Shares of Event Hospitality and Entertainment rose
as much as 4.8% to mark their best day in more than four months
after the cinema chain operator narrowed its annual loss
compared with the previous year.
Major miners rose 0.82%, led by Ioneer Ltd,
up 8.43%, followed by Pilbara Minerals Ltd gaining
The country's largest mining companies - BHP Group,
Rio Tinto, and Fortescue Metals advanced
between 1.3% and 1.7%.
Australian fuel supplier Ampol Ltd skidded as much
as 5.6%, hitting its lowest in more than three months after
making a takeover bid for New Zealand peer Z Energy,
valuing it at 24% premium to its last closing price.
Shares of Z Energy rose as much as 18.7% to their highest
since March 18, 2020.
Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50
index rose 1.22% to 13,098.4 points.
Elsewhere, Japan's Nikkei was up 1.19% at 27333.41
points while S&P 500 E-minis futures were up 0.17%.
($1 = 1.3986 Australian dollars)
(Reporting by Riya Sharma in Bengaluru, Editing by Sherry