AU Evening Wrap: Australia Shares Rise 0.3%, Clinch Second Straight Weekly Gain

Moomoo News AU wrote a column · Dec 8, 2023 15:26

• Top gainers: $Santos Ltd (STO.AU)$, $Allkem Ltd (AKE.AU)$, $Liontown Resources Ltd (LTR.AU)$
• Top losers: $Zimplats Holdings Ltd (ZIM.AU)$, $Mercury NZ Ltd (MCY.AU)$, $SkyCity Entertainment Group Ltd (SKC.AU)$

$S&P/ASX 200 (.XJO.AU)$ closed 0.3% higher at 7194.9, rounding out back-to-back weekly gains for the first time since July. The benchmark index slipped lower at Friday's open but steadily recovered and closed at its session high.

Growing expectations that interest rates have peaked helped the ASX 200 to its highest close since Sept. 19.

Commodity stocks were again among the stronger performers, with $Santos Ltd (STO.AU)$ jumping 6.1% on merger talks with fellow energy explorer $Woodside Energy Group Ltd (WDS.AU)$.

Lithium stocks rallied, while iron-ore miners $BHP Group Ltd (BHP.AU)$, $Rio Tinto Ltd (RIO.AU)$ and $Fortescue Ltd (FMG.AU)$ put on between 0.7% and 1.1%.

Major banks barely moved as the financial sector inched 0.1% higher. The ASX 200 rose 1.7% for the week.

S&P/ASX 200 Movers for Friday (Dec/8)

AU Evening Wrap: Australia Shares Rise 0.3%, Clinch Second Straight Weekly Gain

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 Friday (Dec/8)

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, AFR

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

Translate

Report

60K Views

Comment

Moomoo News AU

Moomoo News Official Account

Australian stock market news that is available at your fingertips

5589

Followers

Following

201K

Visitors