Alexa
  • Directory of Taiwan

Australian stocks lifted by miners to record high

Australian stocks lifted by miners to record high

Australian stocks reached a record high Thursday, buoyed by a strong lead from Wall Street and solid gains from the big miners.
The benchmark S&P/ASX200 index rose 7.9 points to a record 6,245.6 close, while the All Ordinaries index gained 12.4 points to 6,236.9, also a record close. The previous records were set Wednesday, a six-day high.
CMC Markets senior dealer James Foulsham said a strong lead from Wall Street helped propel the Australian bourse into record territory.
"The materials sector was relatively strong, but finance was holding the market back a bit," Foulsham said.
"We saw people today being a bit reluctant to buy into the rallying, and with it being Friday tomorrow, we might see a little bit of selling and reducing of positions before the weekend," he added.
The world's largest miner BHP Billiton picked up 13 cents to A$29.89 while rival Rio Tinto added 28 cents to A$83.03.
The major banks were mixed. The National Australia Bank gained 19 cents to A$44.00, Commonwealth Bank picked up 21 cents to A$53.85 and ANZ Bank dipped 5 cents to A$30.74.
Westpac Bank dropped 34 cents to A$27.20 despite delivering an 11.7 percent lift in first-half profit to 1.64 billion Australian dollars (US$1.35 billion;


Updated : 2021-05-15 14:37 GMT+08:00