AIRLINK 79.76 Increased By ▲ 1.21 (1.54%)
BOP 4.79 Increased By ▲ 0.02 (0.42%)
CNERGY 4.17 Increased By ▲ 0.01 (0.24%)
DFML 39.72 Increased By ▲ 0.43 (1.09%)
DGKC 95.50 Decreased By ▼ -0.15 (-0.16%)
FCCL 24.48 Increased By ▲ 0.32 (1.32%)
FFBL 33.41 Increased By ▲ 0.64 (1.95%)
FFL 9.45 Increased By ▲ 0.08 (0.85%)
GGL 10.20 Increased By ▲ 0.05 (0.49%)
HASCOL 6.78 Increased By ▲ 0.24 (3.67%)
HBL 110.25 Increased By ▲ 0.75 (0.68%)
HUBC 148.31 Increased By ▲ 3.30 (2.28%)
HUMNL 10.73 No Change ▼ 0.00 (0%)
KEL 4.81 Increased By ▲ 0.08 (1.69%)
KOSM 4.25 Decreased By ▼ -0.01 (-0.23%)
MLCF 38.91 Decreased By ▼ -0.49 (-1.24%)
OGDC 133.25 Increased By ▲ 4.00 (3.09%)
PAEL 25.60 Decreased By ▼ -0.27 (-1.04%)
PIBTL 6.38 Increased By ▲ 0.04 (0.63%)
PPL 122.50 Decreased By ▼ -0.20 (-0.16%)
PRL 24.72 Increased By ▲ 0.37 (1.52%)
PTC 13.00 Increased By ▲ 0.01 (0.08%)
SEARL 60.85 Decreased By ▼ -0.33 (-0.54%)
SNGP 66.30 Increased By ▲ 1.10 (1.69%)
SSGC 9.83 Decreased By ▼ -0.06 (-0.61%)
TELE 7.94 Increased By ▲ 0.08 (1.02%)
TPLP 9.84 Decreased By ▼ -0.01 (-0.1%)
TRG 65.29 Increased By ▲ 0.79 (1.22%)
UNITY 26.90 Decreased By ▼ -0.09 (-0.33%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
BR100 8,080 Increased By 103.4 (1.3%)
BR30 25,940 Increased By 337.9 (1.32%)
KSE100 76,952 Increased By 743.4 (0.98%)
KSE30 24,737 Increased By 299.1 (1.22%)
Markets

Australia shares propped up by tech stocks; energy weighs

  • Australia's miners fell about 0.7%, as BHP Group and Fortescue Metals both shed nearly 1%
Published August 5, 2021

Technology companies kept Australian shares afloat on Thursday, although Wall Street's overnight declines and weakness in the local energy index offset gains.

The S&P/ASX 200 index rose 0.09% points to 7,509.800 by 0021 GMT.

The main index has closed at record highs in two sessions in a week that saw the $29 bln buyout of Australia's buy now, pay later pioneer Afterpay Ltd.

Australian, NZ shares lower

Elsewhere, Japan's Nikkei was up 0.5%, while S&P 500 E-minis futures were up 0.2%.

On Wednesday, Wall Street was hit by data showing US private payrolls increased far less than expected in July.

The energy sub-index led losses on the ASX 200, falling as much as 1.3%, touching its lowest level since July 20, as oil prices fell on a surprise build in US crude stockpiles.

Oil Search led losses, falling as much as 2%, and Whitehaven Coal declined 1.6%.

Tech stocks were among the bright spots, up 0.4%, with Nuix Ltd leading the charge, up 2.4%, and software maker Xero Ltd gaining 1.3%.

Markets will soon turn their attention to a busy earnings season, with Commonwealth Bank of Australia and National Australia Bank, scheduled to report their results next week.

Financials jumped 0.4%, with Commonwealth Bank of Australia and National Australia Bank rising as much as 0.8% and 0.5%, respectively.

Australia's miners fell about 0.7%, as BHP Group and Fortescue Metals both shed nearly 1%.

Gold stocks fell 0.5% on Thursday, led by Dacian Gold , down 2%, and, losing 1.83%.

In New Zealand, the benchmark S&P/NZX 50 index fell 0.24% to 12,765.2.

Comments

Comments are closed.