AU Evening Wrap: Australia Shares Rise 0.4% on Strength in Miners

Moomoo News AU wrote a column · Mar 19, 2024 06:39

• Top gainers: $Nickel Industries Ltd (NIC.AU)$, $Bellevue Gold Ltd (BGL.AU)$, $Tabcorp Holdings Ltd (TAH.AU)$

• Top losers: $Macquarie Technology Group Ltd (MAQ.AU)$, $Liontown Resources Ltd (LTR.AU)$, $Breville Group Ltd (BRG.AU)$

Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.4% higher at 7703.2 as stronger iron-ore prices helped lift shares of the country's largest miners. $Rio Tinto Ltd (RIO.AU)$, $BHP Group Ltd (BHP.AU)$ and $Fortescue Ltd (FMG.AU)$ added between 2.5% and 3.6% after iron-ore prices rose following solid Chinese economic data at the start of the week.

The ASX 200's materials sector, second only to financials in terms of market capitalization, gained 2.1% for its strongest day since Dec. 14.

The energy sector also rose, adding 2.0%.

Bank stocks pared the overall gains after the Reserve Bank of Australia held interest rates and reiterated that inflation remains uncomfortably high. $ANZ Group Holdings Ltd (ANZ.AU)$, $National Australia Bank Ltd (NAB.AU)$, $Westpac Banking Corp (WBC.AU)$ and $CommBank (CBA.AU)$ lost between 0.2% and 0.6%.

S&P/ASX 200 Movers for Tuesday (Mar/19)

AU Evening Wrap: Australia Shares Rise 0.4% on Strength in Miners

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 Tuesday (Mar/19)

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

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