AIRLINK 81.10 Increased By ▲ 2.55 (3.25%)
BOP 4.82 Increased By ▲ 0.05 (1.05%)
CNERGY 4.09 Decreased By ▼ -0.07 (-1.68%)
DFML 37.98 Decreased By ▼ -1.31 (-3.33%)
DGKC 93.00 Decreased By ▼ -2.65 (-2.77%)
FCCL 23.84 Decreased By ▼ -0.32 (-1.32%)
FFBL 32.00 Decreased By ▼ -0.77 (-2.35%)
FFL 9.24 Decreased By ▼ -0.13 (-1.39%)
GGL 10.06 Decreased By ▼ -0.09 (-0.89%)
HASCOL 6.65 Increased By ▲ 0.11 (1.68%)
HBL 113.00 Increased By ▲ 3.50 (3.2%)
HUBC 145.70 Increased By ▲ 0.69 (0.48%)
HUMNL 10.54 Decreased By ▼ -0.19 (-1.77%)
KEL 4.62 Decreased By ▼ -0.11 (-2.33%)
KOSM 4.12 Decreased By ▼ -0.14 (-3.29%)
MLCF 38.25 Decreased By ▼ -1.15 (-2.92%)
OGDC 131.70 Increased By ▲ 2.45 (1.9%)
PAEL 24.89 Decreased By ▼ -0.98 (-3.79%)
PIBTL 6.25 Decreased By ▼ -0.09 (-1.42%)
PPL 120.00 Decreased By ▼ -2.70 (-2.2%)
PRL 23.90 Decreased By ▼ -0.45 (-1.85%)
PTC 12.10 Decreased By ▼ -0.89 (-6.85%)
SEARL 59.95 Decreased By ▼ -1.23 (-2.01%)
SNGP 65.50 Increased By ▲ 0.30 (0.46%)
SSGC 10.15 Increased By ▲ 0.26 (2.63%)
TELE 7.85 Decreased By ▼ -0.01 (-0.13%)
TPLP 9.87 Increased By ▲ 0.02 (0.2%)
TRG 64.45 Decreased By ▼ -0.05 (-0.08%)
UNITY 26.90 Decreased By ▼ -0.09 (-0.33%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
BR100 8,052 Increased By 75.9 (0.95%)
BR30 25,581 Decreased By -21.4 (-0.08%)
KSE100 76,707 Increased By 498.6 (0.65%)
KSE30 24,698 Increased By 260.2 (1.06%)

Australian shares rose to a two-week high on Tuesday, led by gains in heavyweight financials, after the S&P 500 scaled a second straight record high close overnight.

The S&P/ASX 200 index climbed 0.6% to 7,520.60 by 0041 GMT, hitting its highest since Jan. 9.

The benchmark ended 0.8% higher on Monday.

Global equities rose overnight after the S&P 500 marked a second straight record high as tech stocks added to recent gains.

Investors across the globe are awaiting this week personal consumption expenditure index data and an advance fourth-quarter gross domestic product print from the United States for possible clues on the Federal Reserve’s next policy decision.

Meanwhile, the Bank of Japan is expected to retain its ultra-easy monetary settings at the end of its policy meeting later in the day.

In Sydney, financials rose as much as 1% to hit the highest level since April 2022. National Australia Bank advanced as much as 1.1% to hit its highest level since Feb. 9, while the remaining “Big Four” banks added between 0.7% and 1%.

Mining stocks climbed 0.5%, with sector majors BHP and Fortescue up 0.6% and 0.5%, respectively.

Energy stocks rose 0.2% as oil prices soared on concerns over global energy supplies. Local investors are also awaiting production updates this week from oil and gas majors Woodside Energy and Santos , and mining giant Fortescue.

Technology stocks edged 0.8% higher and healthcare stocks climbed 1.5%.

Gold stocks skidded 0.2%.

Australian shares rise as tech, financials lift sentiment

Among individual stocks, Karoon Energy fell as much as 8.1% after the company cut its annual production forecast.

Liontown Resources fell as much as 5.9%, extending losses after a more than 21% drop on Monday when the company flagged a potential delay to the expansion of its flagship lithium project.

In New Zealand, the benchmark S&P/NZX 50 index rose 0.5% to 11,739.59.

Comments

200 characters