This is The Sectoral Pulse by Kalkine TV – a special show covering all sectoral movements from the markets for the day.
Australian shares are trading up today as energy stocks rose tracking an uptick in oil prices, though losses in gold and technology capped gains.
Shares of Bingo Industries were the most traded by volume for the second day in a row, after it said on Tuesday it would be bought by funds managed by Macquarie Group for $1.8 billion. Australian energy stocks climbed as much as 1.6% to post their biggest intraday percentage gain since April 15. Aussie subindex for energy stocks takes cues from oil prices that edged higher on Tuesday, as OPEC, Russia and their allies agreed to raise output slightly from May.
In crypto-assets, bitcoin extended its rebound from a trough hit on Sunday to $55,461. Ether hit a record high of $2,711.6 in Asia on Wednesday.