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World stock markets have risen, with Wall Street tipping higher on gains in technology and energy shares.MORE >
The Australian share market has pushed off from the depths of recent lows and closed higher for the first time this week due to broad-based gains to the indices' major sectors.
Thursday, 22nd November, 2018
The ASX200 index was up 48.5 points, or 0.86 percent, at 5691.3, while the broader All Ordinaries rose 0.84 per ent at 5,770.30.
The health care sector climbed more than two-and-a-half percent, lifted by biotech CSL, up 3.4 percent to $184.81, and Cochlear, which rose 2.9 percent to $167.29. Sonic Healthcare, Ramsay, ResMed and Fisher and Paykel also all pushed ahead. Energy stocks, which had lost more than five percent for the week before Thursday, lifted on the back of an overnight oil price recovery. Origin Energy lifted 2.4 percent to $6.79, while Woodside, Oil Search, Santos, and Caltex also edged higher.
The financial sector extended earlier gains with ANZ the strongest of the big four lenders, up 1.3 percent to $25.75, while Westpac was the weakest, up 0.4 percent to $25.68. The miners were buoyant despite BHP paring back gains, up 0.6 percent to $31.78, Rio Tinto losing 0.4 percent to $77.02, and iron ore dipping again. But Mineral Resources was the sector's star, shooting up 26.6 percent to $15.76 after striking a deal with Albemarle Corp, the world's top lithium producer, which agreed to pay $US1.15 billion to form a lithium joint venture with the Australian miner.
After floating on the exchange as a separate entity on Thursday, Coles was flat at $12.75 and its former conglomerate Wesfarmers was down again, losing two percent to $31.32 as it continues to adjust to trading without the supermarket giant in its stable.
The Australian dollar was steady, buying 72.53 US cents compared to 72.31 US cents on Wednesday.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.7251||-0.0010||-0.13|
|$A vs GBP||0.5671||
|$A vs EUR||0.6362||-0.0013||-0.21|
|$A vs YEN||81.96||=0.09||-0.11|
|$A vs $NZ||