ASX 200 rises at open; Lake Resources, Whitehaven gain

Image Source: © Herrbullermann | Megapixl.com

Highlights

  • Australian shares gained marginally on Monday’s opening trade.

  • The ASX 200 gained marginally in opening trade, rising 6.50 points, or 0.091%, to 7,158.30.

  • On Friday, the benchmark index ended 0.2% higher at 7,151.8 points.

The ASX 200 gained marginally in opening trade, rising 6.50 points, or 0.091%, to 7,158.30. On Friday, the benchmark index ended 0.2% higher at 7,151.8 points.

While the All-Ordinaries index rose 0.088% to 7,361.2, the volatility index fell 4.335% to 14.608. After the first 10 minutes of trade, the ASX200 was trading at 7,144, up 8.30 points, or 0.12%.

On Wall Street, the Dow Jones rose 0.6%, the S&P 500 surged 0.5%, and the NASDAQ ended flat.

In Europe, the Stoxx 50 gained 1.2%, the FTSE surged 0.5%, the CAC rose 1%, and the DAX ended 1.2% higher.

Market action

After half an hour, the ASX 200 benchmark index was trading higher by 0.034%, or 2.40 points, at 7,154.20.

Lake Resources, Whitehaven and Liontown were the top gainers, gaining 3.8%, 2.5% and 2.5%, respectively. On the other hand, Nanosonics, Healius and Sandfire fell the most, down 7.6%, 4.8% and 3.5%, respectively.

Seven of the 11 sectors were trading higher along with the ASX 200 Index. Utilities was the best performing sector.

Newsmakers

  • Shares of Life360 will be temporarily paused for trading pending an announcement.
  • Sandfire has raised AU$147 million from an institutional entitlement offer.
  • Link Group has sold 10% of its 42.77% stake in PEXA Group, raising AU$101.9 million.
  • Insurance Australia Group has launched a Capital Notes 2 offer to raise AU$400 million.


 


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