Australian stocks rise due to strong financial results

The S&P/ASX200 index rose 0.16% and closed at 8,011. Strong corporate financial results raised market sentiment, reverted to the decline at the beginning of the session, and extended the winning streak to the 9th session. It aims for 8,148.700, a 52-week high that was set just before the crash the other day.

Logistics software maker Wisetech Global surged 17.9% as it reported strong annual profits, raised dividends, and anticipated an acceleration in profit growth for the current fiscal year.

Pallet manufacturer Brambles also announced plans to carry out a share buyback worth 0.5 billion dollars in fiscal 2025, and it rose 9.1%.

Other than that, charter halls surged 15.9% since they surpassed expectations for 2025.

BHP Group (1.3%), Rio Tinto (1.3%), and Fortescue (4%) rose.