Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Gains in miners, banks lift Australian shares

10/20/2021 | 09:27pm EST

Oct 21 (Reuters) - Australian shares rose on Thursday as banks gained and firm commodity prices boosted metal-centric stocks, with sentiment aided by the country's second-largest city preparing to come out of the world's longest COVID-19 lockdown.

The S&P/ASX 200 index rose 0.15% to 7,425.1 by 0052 GMT. The benchmark rose about 0.53% on Wednesday.

Melbourne is readying to come out of its lockdown on Thursday night after Victoria state hit a key vaccination target, with pubs, restaurants and cafes racing to reopen their doors to fully vaccinated customers.

Among the "Big Four" banks, National Australia Bank climbed the most and hit its highest in about two years. The sector's sub-index added 0.4%.

Wealth manager Perpetual Ltd was the top gainer on the financials sub-index, gaining 6.3%. Wealth manager AMP Ltd followed with its 5.4% to hit a more than 3-1/2-month high on reporting lower net cash outflows at its Australian wealth management unit.

Gambling machine manufacturer Aristocrat Leisure jumped 7.9% to a record high after the company said it would buy London-listed gaming software supplier Playtech PLC for 2.1 billion pounds ($2.90 billion).

Miners rose 0.6%, tracking an overnight rally in base metals on concerns that the global power crunch could hit already thinning inventories.

The country's big mining names BHP Group and Fortescue Metals climbed 0.7% and 1%, respectively, on improved iron ore prices.

In New Zealand, the benchmark S&P/NZX 50 index fell 0.16% to 13,093.6. Elsewhere, Japan's Nikkei was down 0.6%, while S&P 500 E-minis futures slipped 0.18%.

($1 = 0.7233 pounds) (Reporting by Riya Sharma in Bengaluru; editing by Uttaresh.V)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMP LIMITED 2.99% 1.035 End-of-day quote.-33.65%
ARISTOCRAT LEISURE LIMITED -1.08% 44.11 End-of-day quote.42.29%
BHP GROUP 2.07% 39.37 End-of-day quote.-7.21%
FORTESCUE METALS GROUP LIMITED -3.35% 17.01 End-of-day quote.-27.40%
NATIONAL AUSTRALIA BANK LIMITED 0.37% 27.3 End-of-day quote.20.80%
PERPETUAL LIMITED 0.38% 34.33 End-of-day quote.-1.24%
PLAYTECH PLC 0.13% 746 Delayed Quote.85.90%
RIO TINTO PLC 0.57% 4650 Delayed Quote.-15.69%
Latest news "Economy & Forex"
11/30Japan's Q3 capex growth slows as supply constraints hit
11/30Gambling operator suncity group holdings
11/30Gambling operator suncity group holdings closes all vip gaming rooms in macau after chairman arrested -sources
11/30S.Korea exports jump at fastest pace in 3 months but Omicron worrisome
11/30UK homes price rise to cool, but become more unaffordable
11/30Yen shines, Aussie sags as Powell turns hawk despite Omicron uncertainty
11/30Rapid Irish manufacturing growth slows in November -PMI
11/30China FX regulatory body forming yuan futures trading pilot - newspaper
11/30China c.bank says sets 7-day reverse repo rate at 2.20% vs 2.20% previously
11/30Japan panel says May 2020 marked latest business cycle bottom
Latest news "Economy & Forex"