The Australian sharemarket edged higher on Thursday, driven by gains in technology shares following a strong Wall Street performance. By mid afternoon, the S&P/ASX 200 Index rose 0.2% (19.1 points) to 8481.7, with the Australian dollar trading at US64.38¢. The information technology sector led the gains, with WiseTech and TechnologyOne each up 3.2%.
Australian shares retreated Wednesday afternoon, with the S&P/ASX 200 Index declining 0.5% (38 points) to 8457.2 by late afternoon, following a record close on Tuesday and mixed Wall Street performance.
The Australian sharemarket hit a record high for the third time in a week on Tuesday, with the S&P/ASX 200 rising 0.7% to close at 8505.1, marking a year-to-date gain of over 11%. Gains were broad-based, with 10 of 11 sectors advancing, led by health, while utilities lagged due to declines in AGL and Origin.
The Australian sharemarket is nearing its third record high this week, with the S&P/ASX 200 rising 19 points to 8455, just below the all-time high of 8477.1 set on Thursday. Gains in technology stocks, up 1.1%, are leading the advance.
The Australian sharemarket edged lower on Friday, trimming gains from earlier in the week that saw the S&P/ASX 200 Index set two record highs. The benchmark slipped 0.1% or 8.1 points to close at 8436.2, while the All Ordinaries remained flat. Over the week, the S&P/ASX 200 advanced 0.5%.
The Australian sharemarket advanced by afternoon, mirroring Wall Street’s rally to record highs. The S&P/ASX 200 Index rose 0.6% or 51.2 points to 8413.5, with gains across all 11 sectors. US markets were buoyed by a ceasefire between Israel and Hezbollah, with the S&P 500 reaching a new record.
The Australian sharemarket surged to a fresh all-time high on Monday, driven by broad-based gains, with the S&P/ASX 200 Index climbing 0.7% (55.80 points) to 8449.6 by early afternoon. The index, which peaked at 8462.1 in morning trade, is within 50 points of the 8500 milestone, reflecting a nearly 3% rally this month amid optimism surrounding global economic conditions.
Australian shares extended gains into early Friday afternoon, driven by energy stocks as escalating tensions in the Russia-Ukraine conflict propelled oil prices higher. The S&P/ASX 200 rose 1.1% (88 points) to 8401, setting up a potential record close, up 1.5% for the week.
Australian shares have reversed early gains to trade lower as the S&P/ASX 200 slipped 11 points to 8324 in late afternoon trade. After opening 0.3% higher, the index lost momentum by midday. Commonwealth Bank weighed on the market, falling 1% after briefly setting a record high above $157.
Australian shares retreated from record highs as geopolitical tensions dampened investor sentiment. The S&P/ASX 200 Index fell 31 points, or 0.4%, to 8351.6, with energy stocks leading declines, down 1%. Santos dropped 1%, weighing on the sector.
The Australian sharemarket reached a new high on Tuesday, as the S&P/ASX 200 Index climbed 1.3%, or 108.9 points, to 8409.1 by mid afternoon, breaking above the 8400 threshold for the first time. All 11 sectors traded higher, led by strong performances in technology and energy stocks.
The Australian sharemarket remained flat early Monday afternoon, with the S&P/ASX 200 steady at 8285.5 points after slipping 0.1% last week. Gains in commodity-linked stocks balanced declines in health and technology sectors.