AGL 37.89 Decreased By ▼ -1.69 (-4.27%)
AIRLINK 126.00 Decreased By ▼ -5.22 (-3.98%)
BOP 6.83 Increased By ▲ 0.02 (0.29%)
CNERGY 4.45 Decreased By ▼ -0.26 (-5.52%)
DCL 7.89 Decreased By ▼ -0.55 (-6.52%)
DFML 37.32 Decreased By ▼ -4.15 (-10.01%)
DGKC 77.50 Decreased By ▼ -4.59 (-5.59%)
FCCL 30.60 Decreased By ▼ -2.50 (-7.55%)
FFBL 69.02 Decreased By ▼ -3.85 (-5.28%)
FFL 11.89 Decreased By ▼ -0.37 (-3.02%)
HUBC 105.50 Decreased By ▼ -5.24 (-4.73%)
HUMNL 13.50 Decreased By ▼ -1.01 (-6.96%)
KEL 4.67 Decreased By ▼ -0.52 (-10.02%)
KOSM 7.28 Decreased By ▼ -0.33 (-4.34%)
MLCF 36.60 Decreased By ▼ -2.30 (-5.91%)
NBP 65.30 Increased By ▲ 1.29 (2.02%)
OGDC 181.00 Decreased By ▼ -11.82 (-6.13%)
PAEL 24.58 Decreased By ▼ -1.10 (-4.28%)
PIBTL 7.15 Decreased By ▼ -0.19 (-2.59%)
PPL 144.00 Decreased By ▼ -10.07 (-6.54%)
PRL 24.40 Decreased By ▼ -1.43 (-5.54%)
PTC 16.40 Decreased By ▼ -1.41 (-7.92%)
SEARL 78.61 Decreased By ▼ -3.69 (-4.48%)
TELE 7.20 Decreased By ▼ -0.56 (-7.22%)
TOMCL 32.01 Decreased By ▼ -1.45 (-4.33%)
TPLP 8.15 Decreased By ▼ -0.34 (-4%)
TREET 16.10 Decreased By ▼ -0.52 (-3.13%)
TRG 54.89 Decreased By ▼ -2.51 (-4.37%)
UNITY 27.50 Decreased By ▼ -0.01 (-0.04%)
WTL 1.29 Decreased By ▼ -0.08 (-5.84%)
BR100 10,116 Decreased By -388.7 (-3.7%)
BR30 29,567 Decreased By -1659.1 (-5.31%)
KSE100 94,574 Decreased By -3505.6 (-3.57%)
KSE30 29,445 Decreased By -1113.9 (-3.65%)

Australian shares closed higher on Wednesday, supported by gains in material stocks on the back of a rally in metal prices. Investor sentiment was also boosted by broader Asian markets which hit a 10-year high as a feast of upbeat manufacturing surveys confirmed a synchronised upturn in the world economy was well under way.
The S&P/ASX 200 index climbed 0.2 percent, or 9.1 points, to 6,070.4. It had closed slightly lower in the previous session. The metals and mining index rose 1.7 percent to its highest close since February 2013, after zinc scaled a 10-year peak on Tuesday as the market focused on looming deficits due to declining supplies.
BHP Billiton advanced 1.7 percent to its highest close in 32 months, while fellow mining heavyweight Rio Tinto Ltd extended gains into an eleventh session to close at its highest since August 2011. Oil prices hovered around their mid-2015 highs touched in the previous session, providing a boost to energy stocks.
Woodside Petroleum added a little over 1 percent and closed at a seven-month high, making it the top gainer on the energy index. Sandfire Resources NL was the top gainer on the main stock index with a jump of 3.7 percent to a near five-year closing high.
New Zealand's benchmark S&P/NZX 50 index rose 0.32 percent, or 26.83 points, to a record close of 8,424.91 on its first day of trade in 2018. Materials, industrials and consumer staples led the gains. Fletcher Building Ltd gained nearly 2 percent, while Auckland International Airport rose 1.5 percent to its highest close in two weeks.

Copyright Reuters, 2018

Comments

Comments are closed.