Close
x
  • SMC open account icon Open an A/C
    • Open an A/C
    • CHOOSE YOUR OPTION(S)
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • Australia Stocks rebound on stimulus hopes
  • July 09,2020  15:50
  • The Australian share market finished session higher on Thursday, 09 July 2020, recovering parts of yesterday's losses, as investors chased for value buying on following gains in the Wall Street overnight and hopes for further stimulus measures to counter the effects of the latest coronavirus-led restrictions. However, market gains capped as concerns over the virus remained after Melbourne went back into lockdown, forcing five million Australians to stay home for all but essential business for the next six weeks. The renewed lockdown follows the closure of Australia's busiest state border, between Victoria and the most populous state New South Wales, on Tuesday night.

    At closing bell, the benchmark S&P/ASX200 index inclined 35.15 points, or 0.59%, to 5,955.46. The broader All Ordinaries added 40.63 points, or 0.67%, to 6,074.94.

    Afterpay was the star of the session, surging 11.4% on the back of broker upgrades. Sezzle added 42% before halting trade ahead of a material capital raising.

    Miners and banks had a strong session. Rio Tinto added 3.3% after saying it would shut down its loss making Tiwai Point smelter in New Zealand. BHP gained 2%.

    Gold miners rallied as the price of the precious metal rallied above $US1800 an ounce. Newcrest added 1.7% and Evolution rallied 4.3% to a record high of A$6.32.

    CURRENCY NEWS: The Australian dollar was at $0.6991 after rising from levels below $0.696 yesterday.

    Powered by Capital Market - Live News

Top News
Economy News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Global Securities Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Global Securities Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid from 28-01-2020 to 27-01-2023 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email – igc@smcindiaonline.com, website: www.smctradeonline.com

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Global Securities Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Global Securities Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

OUR OTHER WEBSITES Go
IMPORTANT LINKS Go
QUICK LINKS
Go

Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

Sitemap
Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)
Open An Account

Open my trading account now!  X 

* All fields are compulsory