ASX 200 rises 0.2% at open; Chalice Mining gains over 5%

Image Source: © Herrbullermann | Megapixl.com

Highlights

  • Australian shares opened marginally higher on Thursday.

  • The ASX 200 gained in the opening trade, rising 14.80 points, or 0.20%, to 7,246.60.

  • On Wednesday, the benchmark index ASX 200 ended 0.7% higher at 7,231.8 points.

Australian shares opened marginally higher on Thursday after Wall Street closed in the green in the overnight trade. Global shares gained as meeting minutes from the US Federal Reserve for its November policy indicated likely slower rate hikes going forward.

The ASX 200 gained in the opening trade, rising 14.80 points, or 0.20%, to 7,246.60. On Wednesday, the benchmark index ASX 200 ended 0.7% higher at 7,231.8 points.

While the All-Ordinaries index rose 0.17% to 7,435, the volatility index fell 3.194% to 13.334. After the first 10 minutes of trade, the ASX 200 was trading at 7,248.20, up 16.40 points, or 0.23%.

On Wall Street, the Dow Jones is up 0.28%, the S&P 500 has risen 0.59%, and the NASDAQ has climbed 0.99%. Minutes from the US Federal Reserve boosted stocks.

In Europe, the Stoxx 50 rose 0.4%, the FTSE gained 0.2%, the CAC surged 0.3%, and the DAX ended 0.04% higher.

The MSCI All Country stock index rose 0.85%, while European shares surged 0.6%.

Market action

After half an hour, the benchmark index ASX 200 was trading 0.22%, or 15.60 points, higher at 7,247.40.

Chalice Mining, Virgin Money, and Brainchip were the top gainers, gaining 5.2%, 4.3%, and 2.8%, respectively. On the other hand, Pendal, Smartgroup, and Harvey Norman fell the most, down 2.05%, 1.68%, and 1.65%, respectively.

Six of the eleven sectors were trading higher, along with the ASX 200 Index. Materials was the best-performing sector.

Newsmakers

  • Tyro Payments announced that its payments business was tracking towards the top end of guidance.
  • Kogan said that its selling of excess inventory had left the company in a positive cash position.
  • Harvey Norman announced that its sales revenue increased by 6.9% for the period July 1-October 31 compared with the prior corresponding period.
  • AGL said it will close its Torrens Island B gas power station in South Australia in mid-2026.


 


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