The S&P/ASX200 closed up Tuesday, gaining 12 points or 0.2% to 7,437 after tailwinds drove the market higher on light trading volumes.
The S&P/ASX200 closed up Tuesday, gaining 12 points or 0.2% to 7,437 after tailwinds drove the market higher on light trading volumes. Wall Street ended mixed, the NASDAQ lower. Oil hit six-week highs and iron ore ten-month lows. That scenario largely played here in the morning session as tech stocks tanked, and the energy names collected. RBA Governor Phillip Lowe spoke at lunchtime, on "Delta, the Economy and Monetary Policy", but really about how rates won't rise until 2024. From there the market picked up, the Real Estate sector coming home with a wet sail, Scentre Group (SCG) climbing 3.2%. The top performers today were Beach Energy (BPT) and Chalice Mining (CHN) up 7.5% and 6.55% respectively. Retrospectively, Brambles (BXB) perhaps should not have given any guidance today, at a time when no one else is, down 8.8%.
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