The Australian share market managed to gain momentum in the last hour of trade and closed in positive territory after spending most of today’s session in the red.
The benchmark S&P/ASX 200 index eked out a +9.8-point gain, or +0.13% to 7,364.0, while the All Ordinaries added +15.9 points, or +0.21%, to 7,682.6, while our local currency, the Australian dollar, is currently buying US$0.7140.
Technology was the best performer, followed by health care. Meanwhile, real estate dragged the most, with materials weighing behind.
The ‘Fab Four’ banks recovered slightly, with Commonwealth and Westpac ending flat, while NAB closed at -0.63%, lower, and ANZ at -0.33%.
Meanwhile, mining giant Rio Tinto tumbled -2.02%, following Rincon’s lithium project acquisition.
Titans, BHP slid -0.77% after ruling out a higher bid for Noront Resources, and Fortescue Metals also fell -1.77%.
The Australian Bureau of Statistics released the weekly payroll jobs and wages in local economic news.
Payroll jobs were up +0.3% in the fortnight up to 27 November 2021 and up +0.5% in the previous fortnight (to 13 November 2021).