AGL 40.27 Increased By ▲ 0.26 (0.65%)
AIRLINK 127.11 Decreased By ▼ -0.88 (-0.69%)
BOP 6.60 No Change ▼ 0.00 (0%)
CNERGY 4.46 Decreased By ▼ -0.14 (-3.04%)
DCL 8.61 Increased By ▲ 0.13 (1.53%)
DFML 41.73 Increased By ▲ 0.25 (0.6%)
DGKC 87.40 Increased By ▲ 0.82 (0.95%)
FCCL 32.40 Increased By ▲ 0.26 (0.81%)
FFBL 64.80 Decreased By ▼ -0.62 (-0.95%)
FFL 10.22 Decreased By ▼ -0.03 (-0.29%)
HUBC 109.31 Decreased By ▼ -1.18 (-1.07%)
HUMNL 14.65 Decreased By ▼ -0.10 (-0.68%)
KEL 5.07 Decreased By ▼ -0.06 (-1.17%)
KOSM 7.57 Increased By ▲ 0.45 (6.32%)
MLCF 41.38 Decreased By ▼ -0.27 (-0.65%)
NBP 59.51 Decreased By ▼ -0.58 (-0.97%)
OGDC 192.50 Decreased By ▼ -2.19 (-1.12%)
PAEL 28.06 Increased By ▲ 0.11 (0.39%)
PIBTL 7.75 Decreased By ▼ -0.25 (-3.13%)
PPL 150.85 Decreased By ▼ -0.32 (-0.21%)
PRL 26.25 Decreased By ▼ -0.63 (-2.34%)
PTC 16.11 Increased By ▲ 0.11 (0.69%)
SEARL 82.99 Increased By ▲ 4.79 (6.13%)
TELE 7.77 Increased By ▲ 0.38 (5.14%)
TOMCL 35.38 Decreased By ▼ -0.29 (-0.81%)
TPLP 8.08 Increased By ▲ 0.17 (2.15%)
TREET 16.00 Increased By ▲ 0.11 (0.69%)
TRG 53.22 Increased By ▲ 0.46 (0.87%)
UNITY 26.28 Decreased By ▼ -0.27 (-1.02%)
WTL 1.26 Decreased By ▼ -0.01 (-0.79%)
BR100 9,892 Decreased By -28 (-0.28%)
BR30 30,640 Decreased By -111.2 (-0.36%)
KSE100 93,396 Increased By 171 (0.18%)
KSE30 28,933 Increased By 48.1 (0.17%)

Australian shares were largely muted on Monday, as gains in financial stocks were countered by losses in commodity stocks, while investors exercised caution ahead of the local jobs data due later in the week.

The S&P/ASX 200 index was down 0.2% at 8,272.4, as of 0012 GMT.

The benchmark ended 0.8% higher on Friday.

Australia’s October jobs data is due on Thursday. Miners led losses on the benchmark index, tracking weak iron ore futures prices, and shed as much as 2.8% to hit their lowest level since late September.

Heavy-weight miners BHP Group, Rio Tinto and Fortescue lost between 2.9% and 4.2%.

Gold miners lost as much as 1.3%, dragged by falling gold prices.

Gold miner Evolution Mining was down 1.02%.

Energy stocks fell as much as 0.8% due to weaker oil prices.

Brent crude futures fell 0.07% to $73.82. Sector majors Woodside Energy and Santos were down 0.2% and 0.4%, respectively.

Among other sub-indexes, financials were up as much as 0.4% to hit a record high level.

While three of the “Big Four” banks gained between 0.3% and 1.01%, Westpac Banking Corp was down 0.5%.

Overnight, the US Dow Jones Industrial Average rose 259.65 points, or 0.59%, to 43,988.99 on Friday.

The S&P 500 gained 22.44 points, or 0.38%, while Nasdaq edged up 17.32 points, or 0.09%.

Banks help Australian shares log best week since mid-August

Across the Tasman Sea, New Zealand’s benchmark S&P/NZX 50 index traded 0.6% lower at 12,691.54.

Fonterra Co-operative rose as much as 6.1% to its highest level since early May 2021, after the dairy giant said it would go ahead with a potential divestment of its global consumer business and integrated operations in Oceania and Sri Lanka.

Comments

200 characters