AU Evening Wrap: Australia Shares Rise 1.65% on Broad-Based Gains
$S&P/ASX 200 (.XJO.AU)$ closed 1.65% higher at 7377.9 on broad-based gains. The benchmark index jumped at the open after U.S. Federal Reserve officials penciled in three rate cuts for 2024 and held onto its gains through the session.
All 11 sectors finished higher, with real-estate, tech and materials leading the way.
Property groups $GPT Group (GPT.AU)$, $Cromwell Property Group (CMW.AU)$, and $Charter Hall Group (CHC.AU)$ surged by between 6.4% and 12%.
Software providers $Xero Ltd (XRO.AU)$ and $WiseTech Global Ltd (WTC.AU)$ added 2.9% and 3.7%, respectively.
Gold, lithium and iron-ore stocks all rose. The risk-on trading boosted lithium miners, which have been trending down for much of the year: $IGO Ltd (IGO.AU)$ added 11.3%, $Core Lithium Ltd (CXO.AU)$ gained 8.2% and $Pilbara Minerals Ltd (PLS.AU)$ rallied 8.6%.
The ASX 200's fifth straight daily gain left it 2.5% higher so far this week and on course for a third consecutive weekly rise, a feat it last managed in July.
S&P/ASX 200 Movers for Thursday (Dec/14)
![AU Evening Wrap: Australia Shares Rise 1.65% on Broad-Based Gains](https://ausnsimg.moomoo.com/feed_image/151000101/b721b677dd3230749333f1d4a02892ed.png/bigmoo)
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"
Source: Dow Jones Newswires, AFR
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