April 16 (Reuters) - Australian shares struggled for direction on Friday, a day after marking their highest close in nearly 14 months, as gains in mining and gold stocks countered losses in energy names.
The S&P/ASX 200 index (xjo) fell 0.07% to 7,054 in early trade, but was on track to post its fourth straight weekly gain.
Energy stocks .AXEJ were the biggest drag on the benchmark index, down 0.84%, despite crude oil scaling fresh four-week highs on improving demand outlook.
Origin Energy Ltd (ORG) led losses on the sub-index with a drop of 2.98%, after cutting its annual profit guidance for its energy markets division.
Gold stocks .AXGD rose 3.7%, capping losses on the benchmark index. Silver Lake Resources Ltd (SLR) jumped 5.6%, followed by Red 5 Ltd (RED) , up 5.41%.
Overnight, bullion prices scaled a more than one-month peak as U.S. Treasury yields slipped.
Australian miners .AXMM rose as much as 0.7% after iron ore prices recovered from losses on strong demand in the previous session.
Tech stocks .AXIJ climbed 0.7%, led by a 5.2% jump in Altium Ltd (ALU) and 2.3% gain in Appen (APX) , after a tech-led Wall Street rally that was fuelled by falling bond yields and strong March U.S. retail sales.
In New Zealand, the benchmark S&P/NZX 50 index (nz50) rose 0.38% to 12,684.6. Napier Port (NPH) led the gains, climbing as much as 2.3%, as it raised its outlook on bright market conditions.
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News: ALU Australia shares poised to wrap up fourth week of gains on muted note
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Last
$65.22 |
Change
-0.040(0.06%) |
Mkt cap ! $8.604B |
Open | High | Low | Value | Volume |
$65.40 | $65.42 | $65.22 | $46.34M | 710.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 1408 | $65.21 |
Sellers (Offers)
Price($) | Vol. | No. |
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$65.28 | 51499 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 311 | 65.210 |
5 | 165110 | 65.200 |
1 | 155 | 65.190 |
2 | 1396 | 65.180 |
1 | 130 | 65.170 |
Price($) | Vol. | No. |
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65.280 | 51499 | 3 |
65.350 | 405 | 1 |
65.360 | 45 | 1 |
65.380 | 814 | 1 |
65.400 | 500 | 1 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
$65.31 |
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Change
-0.040 ( 0.02 %) |
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Open | High | Low | Volume | ||
$65.35 | $65.42 | $65.27 | 556805 | ||
Last updated 15.59pm 28/03/2024 ? |
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