The Australian share market continued to trade higher by afternoon, with the benchmark index ASX 200 adding 23.30 points to trade at 7 thousand 49.10, up by 0.33 per cent. Pointsbet Holdings is the best performing stocks on ASX200, rising 5.07 per cent, after the online bookmaker reported a 236 per cent rise in turnover to $905.2 million.
G8 Education, Westpac Banking Corporation, Kogan.Com Ltd, Charter Hall Group, are among other notable gainers. Boosted by strong earnings and dividend announcement, shares of Westpac Banking Corporation were trading 4.04 per cent higher at $25.99. Among other major development, Caravel Minerals announced it has received commitments to raise $7.5 million via a share placement to investors at 27 cents per share, with 27 million 7 thousand 77,7 hundred 78 million new fully-paid ordinary shares to be issued.
Credit Intelligence stock was spotted trading at 2.6 cents per share, up 8.333 per cent. Next stock. Empire Energy Group shares rose after it reported 47 per cent growth to its best estimate Prospective Gas Resource to 3.5 trillion cubic feet as well as a maiden best estimate Contingent Gas Resource of 41 billion cubic feet within EP187.