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Energy stocks push Australia shares higher, NZ rises

04/27/2021 | 09:02pm EDT

April 28 (Reuters) - Australian shares edged higher on Wednesday as energy stocks rose tracking an uptick in oil prices, though losses in gold and technology capped gains.

The S&P/ASX 200 index rose 0.11% to 7,041.5 points by 0027 GMT.

The top percentage gainer on the benchmark index was Ansell Ltd, rising 5.1% after projecting strong sales growth for the half year and full year.

The top percentage losers on the index were St Barbara Ltd , with a 7.6% fall, and JB Hi-Fi Ltd, losing 3.9%, as both companies reported disappointing earnings for the quarter.

Shares of Bingo Industries Ltd were the most traded by volume for the second day in a row, after it said on Tuesday it would be bought by funds managed by Macquarie Group for $1.8 billion.

Among sectors, energy stocks rose 0.7%, tracking gains in oil prices.

Viva Energy Group Ltd led gains with a 3.8% rise, building on Tuesday's gains after it said it expected $15 million in government aid for refinery in the first quarter.

Financial stocks rose 0.74% led by QBE Insurance Group Ltd, up 2.28%, followed by Virgin Money UK PLC , gaining 2.03%.

Technology stocks fell 0.6% with Link Administration Holdings Ltd leading the losses with a 3.7% drop after a consortium including Carlyle Group and Pacific Equity Partners withdrew its bid for the company.

Miners fell 1.23% while gold stocks fell 2.28%. St Barbara Ltd was the top loser on both the indexes.

In other markets, Japan's Nikkei was down 0.11% at 28,958.98, while S&P 500 E-minis futures were up 1.75 points, or 0.04%.

In New Zealand, the benchmark S&P/NZX 50 index rose 0.31% to 12,659.6. The top percentage losers on the index were SKY Network Television Ltd, down 2.84%, and Oceania Healthcare Ltd, losing 1.43%.

(Reporting by Arundhati Dutta in Bengaluru; Editing by Krishna Chandra Eluri)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ANSELL LIMITED -0.25% 36.01 End-of-day quote.3.54%
JB HI-FI LIMITED 1.78% 45.64 End-of-day quote.-6.13%
LINK ADMINISTRATION HOLDINGS LIMITED 0.89% 4.55 End-of-day quote.-18.02%
OCEANIA HEALTHCARE LIMITED 1.30% 1.56 End-of-day quote.7.59%
QBE INSURANCE GROUP LIMITED -0.77% 11.61 End-of-day quote.36.11%
S&P/ASX 200 -0.76% 7403.7 Real-time Quote.12.40%
SKY NETWORK TELEVISION LIMITED 3.90% 2.13 End-of-day quote.32.30%
ST BARBARA LIMITED -6.31% 1.41 End-of-day quote.-40.25%
THE CARLYLE GROUP INC. 0.55% 51.07 Delayed Quote.62.44%
VIVA ENERGY GROUP LIMITED -2.60% 2.25 End-of-day quote.17.80%
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