AGL 8.30 Decreased By ▼ -0.03 (-0.36%)
ANL 10.95 Increased By ▲ 0.25 (2.34%)
AVN 79.70 Increased By ▲ 1.51 (1.93%)
BOP 5.75 Increased By ▲ 0.18 (3.23%)
CNERGY 5.64 Increased By ▲ 0.26 (4.83%)
EFERT 79.36 Increased By ▲ 0.71 (0.9%)
EPCL 67.48 Decreased By ▼ -0.31 (-0.46%)
FCCL 14.89 Increased By ▲ 0.39 (2.69%)
FFL 6.70 Increased By ▲ 0.10 (1.52%)
FLYNG 7.16 Increased By ▲ 0.13 (1.85%)
GGGL 11.60 Increased By ▲ 0.26 (2.29%)
GGL 17.51 Increased By ▲ 0.27 (1.57%)
GTECH 8.35 Increased By ▲ 0.05 (0.6%)
HUMNL 7.17 Increased By ▲ 0.11 (1.56%)
KEL 3.14 Increased By ▲ 0.06 (1.95%)
LOTCHEM 35.20 Increased By ▲ 2.33 (7.09%)
MLCF 28.35 Increased By ▲ 0.05 (0.18%)
OGDC 87.70 Increased By ▲ 3.15 (3.73%)
PAEL 16.63 Increased By ▲ 0.18 (1.09%)
PIBTL 6.05 Increased By ▲ 0.20 (3.42%)
PRL 19.46 Increased By ▲ 1.34 (7.4%)
SILK 1.14 No Change ▼ 0.00 (0%)
TELE 11.41 Increased By ▲ 0.31 (2.79%)
TPL 9.20 Increased By ▲ 0.20 (2.22%)
TPLP 20.25 Increased By ▲ 0.37 (1.86%)
TREET 27.10 Increased By ▲ 0.48 (1.8%)
TRG 96.20 Increased By ▲ 1.70 (1.8%)
UNITY 20.85 Increased By ▲ 0.48 (2.36%)
WAVES 13.90 Increased By ▲ 0.27 (1.98%)
WTL 1.34 Increased By ▲ 0.03 (2.29%)
BR100 4,275 Increased By 67 (1.59%)
BR30 15,794 Increased By 348.3 (2.26%)
KSE100 42,872 Increased By 628.4 (1.49%)
KSE30 16,219 Increased By 247.6 (1.55%)
Markets

Westpac lifts Australian shares higher, miners and oil firms cap gains

  • In New Zealand, the benchmark S&P/NZX 50 index rose as much as 0.4% to 12,776.60, hitting its highest level since Feb. 18 and rising for a fourth straight session.
Published May 3, 2021

Australian shares rose on Monday, boosted by gains in the country's second-biggest lender Westpac Banking Corp after upbeat earnings, but gains were capped by losses in miners and energy companies on weak commodity prices.

The S&P/ASX 200 index was up 0.5% at 7,059.5 as at 0034 GMT.

The top percentage gainers on the were Charter Hall Group, up 1.14%, followed by Ampol Ltd, gaining 1.06% and Blackmores Ltd, rising 1.06%.

Financial stocks were the biggest percentage gainers, adding about 1.5%, with Australia and New Zealand Banking Group and Commonwealth Bank of Australia gaining 0.5% each.

Westpac jumped as much as 4.4%, after it reported a near three-fold jump in its first-half cash earnings, and it laid out a three-year plan to cut costs.

Miners were down 0.4% led by De Grey Mining Ltd , down 1.4%, followed by Aurelia Metals, losing 1.2%.

Among gold miners, Andromeda Metals soared 8.9%, while Calidus Resources jumped 2.63?%.

Energy sub-index was down 0.7%, with Oil Search and Woodside Petroleum losing 1.6% and 0.6%, respectively.

Oil prices declined on Friday on worries that fuel demand in India would be impacted by soaring COVID-19 infections and consequent lockdowns.

In New Zealand, the benchmark S&P/NZX 50 index rose as much as 0.4% to 12,776.60, hitting its highest level since Feb. 18 and rising for a fourth straight session.

The top percentage gainers on the benchmark were SKY Network Television and Oceania Healthcare, both rising as much as 2.4%.

In other markets, the S&P 500 E-minis futures were up 0.32%, Nikkei futures edged up 0.2%, while the MSCI's broadest index of Asia-Pacific shares outside Japan was nearly flat.

Comments

Comments are closed.