AGL 38.54 Increased By ▲ 0.97 (2.58%)
AIRLINK 129.50 Decreased By ▼ -3.00 (-2.26%)
BOP 5.61 Decreased By ▼ -0.03 (-0.53%)
CNERGY 3.86 Increased By ▲ 0.09 (2.39%)
DCL 8.73 Decreased By ▼ -0.14 (-1.58%)
DFML 41.76 Increased By ▲ 0.76 (1.85%)
DGKC 88.30 Decreased By ▼ -1.86 (-2.06%)
FCCL 35.00 Decreased By ▼ -0.08 (-0.23%)
FFBL 67.35 Increased By ▲ 0.85 (1.28%)
FFL 10.61 Increased By ▲ 0.46 (4.53%)
HUBC 108.76 Increased By ▲ 2.36 (2.22%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.75 Decreased By ▼ -0.11 (-2.26%)
KOSM 6.95 Increased By ▲ 0.10 (1.46%)
MLCF 41.65 Decreased By ▼ -0.15 (-0.36%)
NBP 59.60 Increased By ▲ 1.02 (1.74%)
OGDC 183.00 Increased By ▲ 1.75 (0.97%)
PAEL 26.25 Increased By ▲ 0.55 (2.14%)
PIBTL 5.97 Increased By ▲ 0.14 (2.4%)
PPL 146.70 Decreased By ▼ -1.70 (-1.15%)
PRL 23.61 Increased By ▲ 0.39 (1.68%)
PTC 16.56 Increased By ▲ 1.32 (8.66%)
SEARL 68.30 Decreased By ▼ -0.49 (-0.71%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.95 Decreased By ▼ -0.05 (-0.14%)
TPLP 7.85 Increased By ▲ 0.45 (6.08%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.45 Decreased By ▼ -0.40 (-0.79%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,806 Increased By 37.8 (0.39%)
BR30 29,678 Increased By 278.1 (0.95%)
KSE100 92,304 Increased By 366.3 (0.4%)
KSE30 28,840 Increased By 96.6 (0.34%)
Markets

Australia shares rise on energy boost; set for second weekly loss on virus woes

  • Across the Tasman Sea, New Zealand's S&P/NZX 50 index fell 0.1% to 12,671.26
Published July 2, 2021

Australian shares rose half a percent on Friday, lifted by energy stocks, but were on track to post a second straight week of losses as the country combats outbreaks of the Delta coronavirus variant.

The S&P/ASX 200 index rose 0.4% to 7,293.2 points by 0109 GMT.

Elsewhere, Japan's Nikkei gained 0.3% and S&P 500 E-minis futures were up 0.1%.

Australia's benchmark index is set to fall 0.2% this week as the country battles the highly contagious Delta variant in three state capital cities, with nearly half of all Australians under strict stay-at-home orders.

Supporting sentiment on Friday, Wall Street's major indexes gained overnight, with the S&P 500 notching its sixth consecutive all-time closing high.

Domestically, energy stocks rose 1.4% and were the top percentage gainers on the benchmark and were on track to mark their best session in 10 days, benefiting from a 2% jump in oil prices.

The country's top independent gas producer Woodside Petroleum added 1.9% and fuel supplier Ampol Ltd gained 0.8%.

The heavyweight financials index gained nearly 0.7%, driven by gains in the "Big Four" banks.

Westpac Banking Corp, Commonwealth Bank of Australia, National Australia Bank, and Australia and New Zealand Banking Group rose between 0.6% and 1%.

Australia's corporate regulator said Westpac expects to pay A$87 million ($64.96 million) to former customers of its advice business who were not given important updates on companies that they held shares in.

Miners were set to rise for a third consecutive day, with global miner BHP Ltd and Fortescue Metals Group rising about 0.3% each.

Across the Tasman Sea, New Zealand's S&P/NZX 50 index fell 0.1% to 12,671.26.

Payments platform operator Pushpay Holdings Ltd and Air New Zealand Ltd were among the top percentage losers on the bourse, losing 2.8% and 1.3%, respectively.

Comments

Comments are closed.