AU Evening Wrap: ASX Rallies Back Above 7000 on Broad-Based Gains
G'day, mooers! Check out the latest news on today's stock market!
• Top gainers: $Imugene Ltd (IMU.AU)$, $Chalice Mining Ltd (CHN.AU)$, $Novonix (NVX.AU)$
• Top losers: $Judo Capital Holdings Ltd (JDO.AU)$, $Paladin Energy Ltd (PDN.AU)$, $Ampol Ltd (ALD.AU)$
- moomoo News AU
$S&P/ASX 200 (.XJO.AU)$ closed 1.0% higher at 7040.6, recording its best day in almost a month on broad-based gains. The benchmark index surged ahead following a positive lead by U.S. equities and kept gaining amid surveys showing consumer confidence at its highest since February and businesses reporting signs of moderating inflation.
All 11 ASX 200 sectors finished higher, with utilities' 4.2% gain leading the way. The energy sector added 0.8% as oil prices gained amid the Israel-Hamas war.
$Origin Energy Ltd (ORG.AU)$ jumped 5.5% after Australia's antitrust regulator said it wouldn't oppose a takeover by a Brookfield-led consortium.
$Core Lithium Ltd (CXO.AU)$ was up 7.4 per cent to 36.5¢ after Citi upgraded the shares to neutral. $Pilbara Minerals Ltd (PLS.AU)$ and $IGO Ltd (IGO.AU)$ were also upgraded to a buy, and the broker forecast lithium prices to remain strong over the long term.
Pilbara Minerals jumped 6.2 per cent to $3.96 and IGO gained 3.5 per cent to $11.43.
$The Star Entertainment Group Ltd (SGR.AU)$ rose 4.2 per cent to 62¢ after major shareholder and billionaire Bruce Mathieson bought up shares outside the casino's operator's recent capital raising. Following the raise, Mr Mathieson's stake in the company shrunk from almost 10 per cent to 6.35 per cent.
S&P/ASX 200 Movers for Tuesday (10/10)
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 Tuesday (10/10)
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, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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