AIRLINK 173.15 Increased By ▲ 15.74 (10%)
BOP 10.65 Increased By ▲ 0.28 (2.7%)
CNERGY 8.52 Increased By ▲ 0.20 (2.4%)
CPHL 97.46 Increased By ▲ 4.57 (4.92%)
FCCL 47.25 Increased By ▲ 0.52 (1.11%)
FFL 15.42 Increased By ▲ 0.54 (3.63%)
FLYNG 28.13 Increased By ▲ 1.15 (4.26%)
HUBC 138.91 Increased By ▲ 4.90 (3.66%)
HUMNL 12.81 Increased By ▲ 0.29 (2.32%)
KEL 4.54 Increased By ▲ 0.33 (7.84%)
KOSM 5.55 Increased By ▲ 0.16 (2.97%)
MLCF 62.26 Increased By ▲ 1.38 (2.27%)
OGDC 214.75 Increased By ▲ 6.23 (2.99%)
PACE 5.55 Increased By ▲ 0.15 (2.78%)
PAEL 44.86 Increased By ▲ 4.08 (10%)
PIAHCLA 18.70 Decreased By ▼ -0.10 (-0.53%)
PIBTL 10.74 Increased By ▲ 0.76 (7.62%)
POWER 12.26 Increased By ▲ 0.30 (2.51%)
PPL 173.87 Increased By ▲ 5.10 (3.02%)
PRL 36.22 Increased By ▲ 1.19 (3.4%)
PTC 23.56 Increased By ▲ 0.57 (2.48%)
SEARL 95.31 Increased By ▲ 2.21 (2.37%)
SSGC 39.13 Increased By ▲ 3.56 (10.01%)
SYM 14.02 Increased By ▲ 0.36 (2.64%)
TELE 7.23 Increased By ▲ 0.28 (4.03%)
TPLP 10.29 Increased By ▲ 0.29 (2.9%)
TRG 64.68 Increased By ▲ 4.01 (6.61%)
WAVESAPP 10.04 Increased By ▲ 0.34 (3.51%)
WTL 1.33 Increased By ▲ 0.03 (2.31%)
YOUW 3.70 Increased By ▲ 0.05 (1.37%)
BR100 12,492 Increased By 252.4 (2.06%)
BR30 37,694 Increased By 1300.9 (3.57%)
KSE100 116,189 Increased By 2036.1 (1.78%)
KSE30 35,750 Increased By 549.8 (1.56%)

Australian shares inched higher on Thursday as trading resumed after the New Year holiday, with mining, energy and gold stocks leading the recovery on the back of strong underlying commodity prices.

The S&P/ASX 200 index rose 0.2% to 8,175.5 by 2338 GMT after two straight sessions of falls.

The benchmark climbed about 7.5% last year in its second straight annual gain. Miners rose 0.7% on the back of improving iron ore prices.

Mining behemoths BHP Group, Rio Tinto and Fortescue climbed between 0.6% and 1.6%.

Energy stocks rose 1.1% after oil prices settled higher on Tuesday.

Sector heavyweights Woodside and Santos were up 1.2% and 0.8%, respectively. Gold stocks advanced 0.3%, tracking a rise in bullion prices.

Northern Star Resources and St Barbara were up 0.5% and 2.2%, respectively.

Technology stocks were down 0.7% after their US peers closed lower on Tuesday.

Shares of WiseTech Global and NEXTDC inched lower 0.1% and 0.3%, respectively.

Australian shares fall as miners offset real estate and healthcare gains

In company news, LendLease Group announced the sale of its UK construction business for 35 million pounds ($43.79 million), exiting its international construction operations.

Shares of the company were down 0.2% after rising as much as 2.9% earlier in the day.

Mineral explorer Jervois Global said it had reached an agreement to fund its business. Shares of the company were trading flat.

Markets in New Zealand were closed for a holiday.

Comments

200 characters