Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Indexes
  3. Australia
  4. Australian Stock Exchange
  5. S&P/ASX 200
  6. News
  7. Summary
    XJO   XC0006013624

S&P/ASX 200

SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Australian shares gain on renewed U.S. stimulus hopes

10/20/2020 | 09:10pm EDT

* Lynas rises on solid Q1 production

* Financials, energy, mining stocks advance

* Healthcare stocks hit by stronger greenback

Oct 21 (Reuters) - Australian shares rose on Wednesday with banking and mining stocks leading the charge, as hopes that U.S. lawmakers could clinch a much-sought-after fiscal stimulus package by the end of the week supported global equity markets.

The S&P/ASX 200 index rose 0.4%, or 21.4 points, to 6,203.50 by 0025 GMT after losing 0.7% in the previous session.

Overnight, U.S. House of Representatives Speaker Nancy Pelosi expressed hopes of clearing the coronavirus relief package this week, bringing some stability to markets amid heightened uncertainty ahead of the presidential election.

Boosting investor sentiment further, a Reuters report said AstraZeneca Plc's COVID-19 vaccine trial in the United States was expected to resume as early as this week after the U.S. drug regulator completed its review of a serious illness in a study participant.

Australia's financial sub-index rose 0.5%, with the "Big Four" banks gaining between 0.5% and 1.6%.

Miners added 0.6% with top iron ore producers BHP Group and Rio Tinto Ltd advancing 0.7% and 1%, respectively.

An overnight rebound in oil prices after a four-day slump buoyed energy stocks, with Papua New Guinea-focussed explorer Oil Search leading the sub-index higher with a near 3% jump.

Packaging company Orora Ltd was the top percentage gainer on the benchmark with a 6% rise, after providing an upbeat trading outlook for its North American business.

Rare-earths producer Lynas Corp was also among the top boosts as it jumped 3% on reporting higher quarterly output.

Among losers, healthcare stocks slipped 0.9%, dragged by a weaker greenback as the sector relies heavily on exports to the United States. CSL Ltd fell 0.3% to be the biggest drag on the sub-index.

In New Zealand, the benchmark S&P/NZX 50 index inched 0.1% higher to 12,472. Among the top gainers, logistics services provider Mainfreight Ltd and utilities provider Infratil Ltd advanced 2.2% and 1.7%, respectively. (Reporting by Anushka Trivedi in Bengaluru; Editing by Subhranshu Sahu)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ASTRAZENECA PLC 0.25% 8480 Delayed Quote.15.78%
BHP GROUP -0.35% 51.27 End-of-day quote.20.83%
CSL LIMITED 1.47% 293.48 End-of-day quote.3.64%
INFRATIL LIMITED -1.27% 7.4 End-of-day quote.1.37%
LONDON BRENT OIL 0.87% 74.19 Delayed Quote.42.40%
LYNAS RARE EARTHS LIMITED 0.31% 6.43 End-of-day quote.61.56%
MAINFREIGHT LIMITED 0.06% 77.45 End-of-day quote.11.44%
OIL SEARCH LIMITED -2.21% 3.99 End-of-day quote.7.55%
ORORA LIMITED -0.89% 3.35 End-of-day quote.24.07%
RIO TINTO GROUP -0.24% 127.1 End-of-day quote.11.66%
RIO TINTO PLC 1.37% 5926 Delayed Quote.8.34%
S&P/ASX 200 0.11% 7394.4 Real-time Quote.12.26%
WTI 0.50% 72.059 Delayed Quote.48.80%
All news about S&P/ASX 200
07/23Asian Stock Markets Mixed On Beijing Regulatory Outlook, Pandemic
07/23HANG SENG : Hong Kong Hang Seng Down 1.45% on Tech, Property Slump
07/23S&P/ASX 200 : Australia's Business Conditions Surge to Record High in Q2; Sentim..
07/23S&P/ASX 200 : Australia Flash Composite PMI Turns Negative on Latest COVID-19 Wa..
07/23Australian shares end at record high on healthcare, tech boost
07/23Australian Shares Extend Closing Record for Second Straight Day as Q2 Busines..
07/23S&P/ASX 200 : Australian Shares Extends Closing Record for Second Straight Day a..
07/23NELSON RESOURCES' : Renounceable Rights Start Trading on Australian Bourse
07/23S&P/ASX 200 : Australian Business Conditions Rise for Four Straight Quarters in ..
07/23China Urges US to 'Reflect on Itself' as Washington Backs Australia in Trade ..
More news
News of the index components S&P/ASX 200
07/23NORTHERN STAR RESOURCES : Kundana assets sale goes unconditional
07/23NORTHERN STAR RESOURCES : 2021 investor day and live q&a session
07/23INSURANCE AUSTRALIA : IAG outlines preliminary FY21 results and introduces FY22 ..
07/23Australian shares end at record high on healthcare, tech boost
07/23SOUTH32 : Smelter Wins South Africa Nod For Energy Supply Deal With Eskom
07/23South32 Gets Regulatory Nod for Long-Term Deal to Power Hillside Plant in Sou..
07/23CROWN RESORTS : Star Entertainment Group Withdraws Proposal to Merge with Crown ..
More news
Chart S&P/ASX 200
Duration : Period :
S&P/ASX 200 Technical Analysis Chart | XJO | XC0006013624 | MarketScreener
Technical analysis trends S&P/ASX 200
Short TermMid-TermLong Term
Heatmap :