AU Evening Wrap: Qantas, Resources Stocks Power ASX to Six-Month High

Moomoo News AU wrote a column · Nov 23, 2022 14:48

G'day, mooers! Check out the latest news on today's stock market!
• ASX 200 closed up Wednesday, gaining 50.50 points or 0.70% to 7,231.80 and setting a new 100-day high.
• Top gainers: $Chalice Mining Ltd (CHN.AU)$ $Whitehaven Coal Ltd (WHC.AU)$ $Qantas Airways Ltd (QAN.AU)$
• Top losers: $WiseTech Global Ltd (WTC.AU)$ $The Star Entertainment Group Ltd (SGR.AU)$ $Growthpoint Properties Australia (GOZ.AU)$
- moomoo News AU

The share market scaled its highest level since May after energy prices rebounded and Wall Street rallied ahead of tomorrow's Thanksgiving holiday.

The $S&P/ASX 200 (.XJO.AU)$ traded as high as 7246.6 before paring its gain to 50.5 points or 0.7 per cent at 7231.8.

Energy producers and gold miners were among the session's best performers. Qantas flew to a pandemic-era high after raising its profit outlook. Tech and property stocks were the only significant drags.

A profit upgrade carried $Qantas Airways Ltd (QAN.AU)$ up 5.28 per cent to its highest level since February 2020. The airline now expects an underlying first-half profit before tax of $1.35-$1.45 billion, up $150 million from previous guidance.

Diversified miner $Chalice Mining Ltd (CHN.AU)$ popped 6.45 per cent after drilling broad zones of sulphide mineralisation outside the current resource at its Julimar mine in WA.

Coal miners shone for a second day as Newcastle coal rates climbed 1.6 per cent to a three-week high. $Whitehaven Coal Ltd (WHC.AU)$ gained 5.6 per cent. $New Hope Corp Ltd (NHC.AU)$ rose 2.77 per cent.

Elsewhere in the energy space, $Beach Energy Ltd (BPT.AU)$ gained 2.63 per cent, $Beach Energy Ltd (BPT.AU)$ 0.91 per cent and $Santos Ltd (STO.AU)$ 0.67 per cent.

S&P/ASX 200 Movers for Wednesday (23/11)

AU Evening Wrap: Qantas, Resources Stocks Power ASX to Six-Month High

How to find the above information in moomoo app:

1. Open moomoo app

2. Search for and tap on ".XJO"

3. Roll down to see "Constituent Stocks"

4. You can filter the list based on "%Chg"

10 Top-Traded AU Stocks for Wednesday (23/11)

How to find the above information in moomoo app:

1. Open moomoo app

2. Tap your finger on "Market" and "AU"

3. Roll down and tap on "Main Board"

4. You can filter the list based on "Turnover"

Source: Dow Jones Newswires, The Market Herald

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more