ASX gets a clean bill of health as all sectors ended in the green

December 29, 2021 - 5 months ago
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The Australian share market booked a strong round of gains and climbed to a four-month high on Wednesday, extending its gains for the fifth day as all sectors ended in positive territory.

The benchmark S&P/ASX 200 index rose +89.5 points, or +1.21% to 7,509.8, while the All Ordinaries added +95.6 points, or +1.23%, to 7,840.3, while our local currency, the Australian dollar, is currently buying US$0.7216.

The ASX took its cue from stronger Wall Street as trading returned on Wednesday after the Christmas break.

U.S. stock benchmarks on Wall Street posted their best five-day bullish streak since early November as investors looked past the record COVID infection rates and extended their annual “Santa Clause” rally to fresh highs before a mixed finish.

The local big banks, lithium miners, and retail behemoths Woolworths and Wesfarmers all booked strong gains.

Commonwealth Bank rose +1.3%, to $101.90, while Westpac added +1.2% to $21.46, NAB gained +1.3%, to $29.25, and ANZ advanced +1.5%, to $27.88.

Macquarie Group was booked strong gains and finished +1.5%, at $207.21.

Miners’ titans, BHP ended flat at $41.33, while Rio Tinto slipped -0.3%, to $98.80, although Fortescue Metals edged higher and posted a +0.2% gain and closed at $19.28.

Coles added +1.5%, to $17.95 while supermarket rivals Woolworths climbed +2.1% to $38.51 and Endeavour gained +2.2%, to $6.92.

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