ASX 200 rises at open; Fortescue, Champion Iron up over 8%

November 14, 2022 10:38 AM AEDT | By Ashish

ASX 200 rises at open; Fortescue, Champion Iron up over 8% — Image source: © Herrbullermann | Megapixl.com

Highlights

Australian shares opened higher on Monday.

The ASX 200 gained in the opening trade, rising 25.20 points, or 0.35%, to 7,183.20.

On Friday, the benchmark index closed 2.8% higher at 7,158 points.

Australian shares opened higher on Monday after Wall Street closed in the green on Friday. The ASX 200 gained in the opening trade, rising 25.20 points, or 0.35%, to 7,183.20. On Friday, the benchmark index closed 2.8% higher at 7,158 points.

While the All-Ordinaries index rose 0.305% to 7,372.5, the volatility index fell 1.164% to 16.213. After the first 10 minutes of trade, the ASX 200 was trading at 7,195.50, up 37.50 points, or 0.52%.

On Wall Street, the Dow Jones rose 0.1%, the S&P 500 surged 0.9%, and the NASDAQ ended 1.9% higher.

In Europe, the Stoxx 50 rose 0.6%, the FTSE fell 0.8%, the CAC surged, and the 0.6% DAX ended 0.6% higher.

The MSCI emerging markets index rose 5.19% in its biggest single-day surge since March.

Market action

After half an hour, the benchmark index ASX 200 was trading up 0.33%, or 23.50 points, at 7,181.50. Most sectors were down today barring materials which was up over 3%.

Data Source: ASX (as of 14 November 2022, 10.30 AM AEST)

Newsmakers

Immutep has received AU$986,286 cash rebate from the Australian government.
Flight Centre announced that it was too early to provide full-year guidance due to ongoing uncertainty over the industry’s recovery.
Elders has lifted its net profit by 9% to AU$162.9 million.
Syrah Resources said it would resume operations at its Mozambique Balama Graphite project.

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