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-- 119.210 AU Evening Wrap: ASX Hits Five Month High; Fortescue and Rio Shares Tumble
G'day, mooers! Check out the latest news on today's stock market!
• Top gainers: $Megaport Ltd (MP1.AU)$, $Imugene Ltd (IMU.AU)$, $Sandfire Resources Ltd (SFR.AU)$
• Top losers: $Whitehaven Coal Ltd (WHC.AU)$, $Iluka Resources Ltd (ILU.AU)$, $Macquarie Group Ltd (MQG.AU)$
- moomoo News AU
The Australian sharemarket reached its highest level in more than five months on Thursday, buoyed by a rally in real estate and technology stocks.
The benchmark $S&P/ASX 200 (.XJO.AU)$ rose 0.7 per cent, or 53.9 points to 7455.9 amid optimism that the Federal Reserve had raised the cash rate for the last time in the tightening cycle.
The interest rate-sensitive real estate and technology sectors advanced. $Goodman Group (GMG.AU)$ shares rallied 2.8 per cent, Westfield parent $Scentre Group (SCG.AU)$ climbed 4.4 per cent and $Stockland Corp Ltd (SGP.AU)$ surged 3.4 per cent.
$WiseTech Global Ltd (WTC.AU)$ shares advanced 1.7 per cent, $Xero Ltd (XRO.AU)$ 2.1 per cent and $Nextdc Ltd (NXT.AU)$ 2.7 per cent. Software company $Megaport Ltd (MP1.AU)$ rose 14.4 per cent after it reached the top end of its earnings guidance.
Investment bank $Macquarie Technology Group Ltd (MAQ.AU)$ tumbled 4.4 per cent following reports that its profit took a hit.
Iron ore giant $Fortescue Ltd (FMG.AU)$ lost 3.4 per cent even as it beat analysts' expectations and delivered at the top end of its target for the year to June 30.
$BHP Group Ltd (BHP.AU)$ finished down 1.5 per cent.
S&P/ASX 200 Movers for Thursday (27/7)
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"
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 Thursday (27/7)
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"
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.
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Moomoo News AU
Moomoo News Official Account
Australian stock market news that is available at your fingertips
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