AGL 38.00 Increased By ▲ 0.43 (1.14%)
AIRLINK 131.25 Decreased By ▼ -1.25 (-0.94%)
BOP 5.59 Decreased By ▼ -0.05 (-0.89%)
CNERGY 3.78 Increased By ▲ 0.01 (0.27%)
DCL 8.68 Decreased By ▼ -0.19 (-2.14%)
DFML 40.89 Decreased By ▼ -0.11 (-0.27%)
DGKC 87.30 Decreased By ▼ -2.86 (-3.17%)
FCCL 34.70 Decreased By ▼ -0.38 (-1.08%)
FFBL 65.52 Decreased By ▼ -0.98 (-1.47%)
FFL 10.30 Increased By ▲ 0.15 (1.48%)
HUBC 108.61 Increased By ▲ 2.21 (2.08%)
HUMNL 14.01 Increased By ▲ 0.61 (4.55%)
KEL 4.80 Decreased By ▼ -0.06 (-1.23%)
KOSM 6.81 Decreased By ▼ -0.04 (-0.58%)
MLCF 41.11 Decreased By ▼ -0.69 (-1.65%)
NBP 59.50 Increased By ▲ 0.92 (1.57%)
OGDC 180.25 Decreased By ▼ -1.00 (-0.55%)
PAEL 25.40 Decreased By ▼ -0.30 (-1.17%)
PIBTL 5.89 Increased By ▲ 0.06 (1.03%)
PPL 144.50 Decreased By ▼ -3.90 (-2.63%)
PRL 23.21 Decreased By ▼ -0.01 (-0.04%)
PTC 15.22 Decreased By ▼ -0.02 (-0.13%)
SEARL 67.70 Decreased By ▼ -1.09 (-1.58%)
TELE 7.21 Decreased By ▼ -0.03 (-0.41%)
TOMCL 35.60 Decreased By ▼ -0.40 (-1.11%)
TPLP 7.45 Increased By ▲ 0.05 (0.68%)
TREET 14.09 Decreased By ▼ -0.15 (-1.05%)
TRG 50.45 Decreased By ▼ -0.40 (-0.79%)
UNITY 26.38 Decreased By ▼ -0.02 (-0.08%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,736 Decreased By -31.8 (-0.33%)
BR30 29,363 Decreased By -37.3 (-0.13%)
KSE100 91,638 Decreased By -300.2 (-0.33%)
KSE30 28,586 Decreased By -157.4 (-0.55%)

Australian shares ended higher on Monday, with healthcare and banking stocks rising the most, as investors awaited the local central bank’s monetary policy decision on Tuesday, while a slump in mining firm Mineral Resources capped gains.

The S&P/ASX 200 index rose 0.6% to 8,164.6 at the close of trade to log its strongest session since October 21.

The Reserve Bank of Australia (RBA) is expected to hold its interest rate at 4.35% on Tuesday and for the rest of the year, a Reuters’ poll showed.

“The RBA meeting tomorrow will be more about any changes in tone rather than any change in interest rates,” said Tim Waterer, chief market analyst at KCM Trade.

“It’s possible we could see the RBA take a slightly softer tone after the recent pullback in headline CPI numbers.”

Australian shares post worst week in nearly 3 months; Macquarie skids

On the local bourse, the heaviest sub-index rose about 0.8%, with the country’s third-largest lender Westpac increasing about 0.9% after it upped its final dividend and extended a share buyback.

Healthcare stocks rose 1.2% to record their strongest session in over a month. Sector heavyweight CSL rose about 1.7% to log its best session since mid-August, and Telix Pharmaceuticals jumped 3.5% to close at a record high.

“Telix benefited from a new CMS payment rule in the US health sector, while CSL had a positive broker report from Citi.”

IT stocks added about 1.7%, tracking overnight gains in Wall Street peers.

Bucking the trend, miners fell 0.5% as iron ore prices struggled.

Mineral Resources slumped about 9.6% after the miner said its managing director Chris Ellison, will resign within 18 months after an internal probe found him guilty of using company funds for personal benefits.

New Zealand’s benchmark S&P/NZX 50 index rose 0.2% to finish the session at 12,590.6 points.

Comments

200 characters