AU Evening Wrap: Australia Shares Rise 0.5%, Complete Best Week Since December
• Top gainers: $IDP Education Ltd(IEL.AU$, $Cettire Ltd(CTT.AU$, $Boss Energy Ltd(BOE.AU$
• Top losers: $Meridian Energy Ltd(MEZ.AU$, $Life360 Inc(360.AU$, $Mercury NZ Ltd(MCY.AU$
• Top losers: $Meridian Energy Ltd(MEZ.AU$, $Life360 Inc(360.AU$, $Mercury NZ Ltd(MCY.AU$
Market Performance
Australia's $S&P/ASX 200(.XJO.AU$ closed 0.5% higher at 7860.0, drawing to within touching distance of a record amid strength in large-cap stocks. The benchmark index's third consecutive gain completed a 2.05% rise across the week, which was its strongest since December.
Banks $ANZ Group Holdings Ltd(ANZ.AU$, $CommBank(CBA.AU$ and $National Australia Bank Ltd(NAB.AU$ added between 0.4% and 0.7%.
Iron-ore miners $Rio Tinto Ltd(RIO.AU$, $BHP Group Ltd(BHP.AU$ and $Fortescue Ltd(FMG.AU$ climbed between 0.7% and 1.3%.
Ten of the ASX 200's eleven sectors finished higher. Tech was the outlier, losing less than 0.1% as $Life360 Inc(360.AU$ fell 6.1% following its U.S. listing. The ASX 200 finished less than 37 points off its March 28 record of 7896.86.
Top News
BHP and Union at Chilean Copper Mine Settle Minor Differences, Major Issues Remain Unresolved
BHP and the Spence Mine Workers Union in Chile have reportedly settled some minor differences, but major issues remain unresolved, according to union head Ronald Salcedo. The union represents over 1,100 workers at BHP's Spence copper mine in Chile. Mediated talks between the company and the union started on Wednesday and are expected to continue for the full five allotted business days, Salcedo told Bloomberg. However, if an agreement isn't reached by Tuesday, the workers can either extend the talks or strike the next day, according to Chilean labor laws.
Source: Dow Jones Newswires, AFR, ASX
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