The benchmark Australian stock index has smashed past the 7,000-point level for the first time ever on a wave of investor confidence from a signed trade deal between the US and China after two years of hostilities.
Thursday, 16th January, 2020
The ASX200 index on Thursday gained 47 points, or 0.67 percent, to finish at 7,041.8 points, setting a new record for a third straight day. The broader All Ordinaries gained 45.1 points, or 0.63 percent, to similarly set a record high of 7,158.6..
CSL breached the $300 mark for the first time, finishing up 1.1 percent to $300.89 after Credit Suisse raised its price target on Australia's third-largest company to $320. Shares in Brickworks, Aristocrat Leisure, James Hardie, Ansell and Macquarie all also set all-time highs after gaining between 1.0 and 2.6 percent, while JB Hi-Fi gained 0.6 percent to set a new closing high of $41.25.
Insurance companies rose, with QBE up 3.4 percent, Suncorp up 1.4 percent and IAG up 1.5 percent. The big banks were also all up, with Commonwealth rising 1.0 percent to $84.46, NAB up 0.8 percent to $25.36, Westpac climbing 0.9 percent to $24.90 and ANZ rising 0.7 percent to $25.42. The mining sector was muted, rising 0.1 percent, as BHP dipped 0.1 percent to $40.13, Rio Tinto up one cent to $103.40 and South32 flat at $2.85.
Woodside Petroleum helped prop up the energy sector, rising 0.6 percent to $36 after announcing that oil production was up three percent in the December quarter.
The Australian dollar was buying 69.05 US cents, up from 68.96 US cents at Wednesday's close.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.6902||-0.0001||-0.01|
|$A vs GBP||0.5296||
|$A vs EUR||0.6194||0.0001||0.02|
|$A vs YEN||75.91||0.03||0.04|
|$A vs $NZ||