The benchmark S&P/ASX 200 index is going above the 8,550.00 level, with a partial offset in financial shares with profit in iron ore miners and energy shares.
The benchmark S&P/ASX 200 index is increasing from 4.50 points or 0.05 percent to 8,551.90 after touching high levels of 8,579.10. The comprehensive all Ordinary Index ranges from 6.80 points or from 0.08 percent to 8,777.40. The Australian shares shut down marginally on Friday.
In major miners, the BHP group is growing 0.5 percent, fortscue metals are about 1 percent above, Rio Tinto is growing by 1.5 percent and mineral resources are adding more than 1 percent.
Oil stocks are mostly more. The beach energy is growing more than 3 percent and the woodside energy is increasing by about 4 percent, while the original energy is growing 0.1 percent.
Santos is growing by about 12 percent after a consortium led by Abu Dhabi’s state -owned oil company Adnoc.
In tech shares, the owner of AFTERPAY is getting almost each 1 percent of the block and Wisetech Global, while the appean is declining by about 1 percent and ZIP is losing more than 2 percent. Zero is flat.
Gold miners are mixed. Evolution mining and Northern Star Resources are more than 5 percent of the tumble in each, while the gold road resources are losing more than 1 percent. Pneumont is increasing by about 1 percent and firm mining is increasing by about 9 percent.
Among the four large banks, the Commonwealth Bank and the National Australia Bank recorded a decline of 0.3 to 0.5 percent, while Westpack and ANZ Banking are losing 1 percent.
In other news, the shares of tourism holdings are touching more than 50 percent of the sky, as the commercial -recreational vehicle rental operator has received a conditional acquisition proposal from a consortium led by private equity firms BGH Capital and Luke and Carl TrueChet’s family interests. BGH Capital has already acquired 19.99% interest in the company.
In the money market, the Australian dollar is trading at $ 0.648 on Monday.
The idea and opinion expressed here are the idea and opinion of the author and not necessarily Nasdac, Inc.
