Author name: Jonathan Tacadena

The Australian sharemarket advanced on Tuesday afternoon, following a strong rally on Wall Street. By mid afternoon, the S&P/ASX 200 was up 0.6% or 48.9 points to 7985.8, marking a fourth consecutive day of gains. Technology led eight of 11 sectors higher.

The ASX traded sideways on Monday afternoon, with the S&P/ASX 200 Index briefly rising before dipping 3.3 points, or 0.04%, to 7927.9 mid afternoon. The All Ordinaries fell 7 points, with only three of the index’s 11 sectors in positive territory.

The Australian sharemarket is poised to record its strongest weekly gain of the year, with supermarket stocks lifting the ASX on Friday despite persistent global economic uncertainty.

By mid afternoon, the S&P/ASX 200 rose 0.5% or 36.9 points to 7955.8, with the All Ordinaries up 0.4%. Gains across seven of 11 sectors helped the market move higher.

The Australian sharemarket was poised for its strongest session in six weeks, driven by gains in banks, technology, and consumer stocks following a Wall Street rally. The S&P/ASX 200 climbed 1.2% to 7920.7, with the All Ordinaries also up 1.2%.

The ASX retreated on Wednesday, snapping a three-day rally as risk-off sentiment returned to global markets. The S&P/ASX 200 declined 0.2% to 7,846.6 points, mirroring Wall Street’s tech-led sell-off. The All Ordinaries also fell 0.2%, despite eight of eleven sectors trading higher.