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AU Evening Wrap: Australia Shares Rise 0.6% Amid Commodity Strength

Moomoo News AU wrote a column · May 20 02:42
Market Performance
Australia's $S&P/ASX 200(.XJO.AU)$ closed 0.6% higher at 7863.7, edging closer to a record amid strength in commodity stocks. The ASX 200 traded in positive territory throughout Monday's session following a largely positive lead by U.S. equities at the end of last week.
Energy was the best-performing sector, adding 2.2% amid stronger oil prices. $Woodside Energy Group Ltd(WDS.AU)$ and $Santos Ltd(STO.AU)$ each rose 2.1%, while coal and uranium stocks also gained. Shares of gold, lithium and iron-ore miners helped the materials sector add 1.9%. $Fortescue Ltd(FMG.AU)$, $BHP Group Ltd(BHP.AU)$ and $Rio Tinto Ltd(RIO.AU)$ put on between 1.1% and 2.8%. The ASX 200, which is on a run of four weekly gains, is about 33 points short of its record close of 7896.85, which it set in March.
Source: ASX
Source: ASX
AU Evening Wrap: Australia Shares Rise 0.6% Amid Commodity Strength
AU Evening Wrap: Australia Shares Rise 0.6% Amid Commodity Strength
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Source: Dow Jones Newswires, AFR, ASX
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