Aussie share market lifts with broad gains

0 Comment(s)Print E-mail Xinhua, January 17, 2020
Adjust font size:

SYDNEY, Jan. 17 (Xinhua) -- The Australian share market jumped with broad gains on Friday, extending record highs.

At 10:30 (AEST), the benchmark S&P/ASX 200 index was up 43.90 points or 0.62 percent at 7,085.70, while the broader All Ordinaries index was up 43.90 points or 0.61 percent at 7,202.50.

Most sectors posted firm gains with materials leading on the back of a lift in commodity prices.

Energy stocks were the exception, edging lower amid international tension despite a jump in the price of oil.

Yesterday the local bourse surged past the 7,000 point milestone with local shares continuing to post a very solid start to the decade.

"The ASX 200 closed above 7000 for the first time, up 0.7 percent on the day. This was an outperformance of the region and indeed it is the strongest major market so far this year," Westpac Bank economists said in a morning note.

In the financial space, Australia's big banks rallied with the Commonwealth Bank up (0.45 percent), ANZ up (0.83 percent), National Australia Bank up (0.63 percent) and Westpac Bank up (0.80 percent).

Mining stocks jumped with Rio Tinto up (1.63 percent), Fortescue Metals up (2.18 percent), BHP up (0.97 percent) and goldminer Newcrest up (0.63 percent).

The country's oil and gas producers were mixed with Oil Search down (0.13 percent), Santos up (0.11 percent), and Woodside Petroleum down (0.65 percent).

Australia's largest supermarkets bounced with Coles up (0.50 percent), and Woolworths up (1.09 percent).

Meanwhile telecommunications giant Telstra was unchanged (0 percent), the national carrier Qantas took off (0.78 percent) and biomedical firm CSL lifted (0.43 percent). Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter