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US stocks climbed overnightas reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy.MORE >
The Australian share market has enjoyed strong gains for a second straight day, with every sector advancing.
Tuesday, 20th August, 2019
The ASX200 index finished Tuesday up 77.6 points, or 1.2 percent, to 6,545 points, while the broader All Ordinaries was up 76.9 points, or 1.17 percent, to 6,627.4 points.
The energy sector led gains, up 2.4 percent, while the industrial, consumer, health care, tech, utilities and property sectors were all up between 1.6 and 2.2 percent.
IPH led gainers with a 10.4 percent rise to an all-time high of $9.45 after the intellectual property firm announced full-year profit was up 31 percent to $53.1 million. Estia Health rose 8.4 percent after the nursing home operator kept its profit flat at $41.3 million amid what its chief executive described as one of the most difficult periods ever for the aged care sector. Oil Search was up 1.1 percent to $6.57 after independent oil and gas producer said half-year profit had more than doubled to $US161.9 million ($A239 million). Beach Energy gained another nine percent to $2.18, on top of Monday's 10.8 percent gains following news the oil and gas producer had tripled its profit to $198.8 million. Bluescope Steel gained 8.2 percent to $12.10, making up most of Monday's losses after it reported earnings. Seek gained 4.8 percent to $20.03 after the online jobs listing giant more than tripled its full-year profit to $180.3 million despite a dip in jobs ads.
The mining sector posted the least gains, 0.4 percent, dragged lower by gold miners as the price of the precious metal dropped below $US1,500 an ounce. Newcrest was down 0.8 percent, Saracen down 3.5 percent and Regis Resource down 2.2 percent. Elsewhere it the sector, diversified mining giant BHP rose 0.1 percent to $36.30 after tripling its full-year net profit to $US8.31 billion ($A12.27 billion) on the back of strong iron ore prices. Rio Tinto gained 1.0 percent to $85.83 and South32 was up 0.4 percent to $2.83 but Fortescue Metals fell 1.0 percent to $7.58.
The big banks were mixed, with ANZ down 0.2 percent to $26.68, NAB up 0.4 percent to $27.34, Westpac flat at $28.03 and Commonwealth up 1.1 percent to $77.13.
The Aussie dollar is buying 67.83 US cents, from 67.84 US cents on Monday
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.6779||0.0027||0.40|
|$A vs GBP||0.5603||
|$A vs EUR||0.6121||0.0028||0.47|
|$A vs YEN||72.18||0.20||0.28|
|$A vs $NZ||
Monday 10th June is a non-trading day due to the Queen's Birthday public holiday in some states of Australia.
Normal ASX trading hours resume from Tuesday 11th in Queensland, that being from 10.00am - 4.00pm.
Our office hours remain 8.30am - 5.00pm.