AU Evening Wrap: Australia Shares Rise 0.3%, Clinch Second Straight Weekly Gain
$S&P/ASX 200(.XJO.AU$ closed 0.3% higher at 7194.9, rounding out back-to-back weekly gains for the first time since July. The benchmark index slipped lower at Friday's open but steadily recovered and closed at its session high.
Growing expectations that interest rates have peaked helped the ASX 200 to its highest close since Sept. 19.
Commodity stocks were again among the stronger performers, with $Santos Ltd(STO.AU$ jumping 6.1% on merger talks with fellow energy explorer $Woodside Energy Group Ltd(WDS.AU$.
Lithium stocks rallied, while iron-ore miners $BHP Group Ltd(BHP.AU$, $Rio Tinto Ltd(RIO.AU$ and $Fortescue Ltd(FMG.AU$ put on between 0.7% and 1.1%.
Major banks barely moved as the financial sector inched 0.1% higher. The ASX 200 rose 1.7% for the week.
S&P/ASX 200 Movers for Friday (Dec/8)
How to find the above information in moomoo app:
1. Open moomoo app
2. Search for and tap on ".XJO"
3. Roll down to see "Constituent Stocks"
4. You can filter the list based on "%Chg"
2. Search for and tap on ".XJO"
3. Roll down to see "Constituent Stocks"
4. You can filter the list based on "%Chg"
10 Top-Traded AU Stocks for Friday (Dec/8)
How to find the above information in moomoo app:
1. Open moomoo app
2. Tap your finger on "Market" and "AU"
3. Roll down and tap on "Main Board"
4. You can filter the list based on "Turnover"
1. Open moomoo app
2. Tap your finger on "Market" and "AU"
3. Roll down and tap on "Main Board"
4. You can filter the list based on "Turnover"
Source: Dow Jones Newswires, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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