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Australia Market extends gain to 2nd day

The Australian share market finished higher for second consecutive session on Tuesday, 24 August 2021, on the back of positive lead from Wall Street overnight, stronger commodity prices and a raft of strong corporate earnings.

At closing bell, the benchmark S&P/ASX200 was up 13.05 points, or 0.17%, to 7,502.98. The broader All Ordinaries added 12.53 points, or 0.16%, to 7,773.68.

Total 7 of 11 sectors ended higher along with the S&P/ASX 200 Index, with energy was the best performing sector, gaining 2.8%, while consumer staple was the worst performing sector, losing 1.2%.

Energy stocks gained as crude oil prices jumped more than 5% after seven sessions of declines.

Origin Energy, Santos and Woodside Petroleum rose over 3% each. Papua New Guinea-focused Oil Search gained 3% after it bounced back to a first-half…

Read more at www.business-standard.com


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