ASX 200 closes 0.44% higher on Monday as energy shares rise; futures point lower
The S&P/ASX 200 ended Monday up 39 points at 8,845.7, led by energy and financial shares, while ASX 200 futures were down 0.4% early on Tuesday, The Australian Financial Review reported.
Australian shares closed higher on Monday 19 October, with gains in energy and financial stocks outweighing falls in technology shares.
The S&P/ASX 200 rose 39.0 points, or 0.44%, to 8,845.7, and the All Ordinaries gained 0.40% to 8,975.7, according to Market Index. CNBC reported the same ASX 200 close.
Energy was the strongest sector, up about 2%, Market Index reported. Coal miner New Hope rose 5.8% after announcing a deal to acquire unlisted Malabar Coal, and Whitehaven Coal and Yancoal also gained more than 5%. Woodside Energy rose 2.7% and Santos 2.3%.
Among financial stocks, Challenger closed 19.3% higher after receiving a non-binding takeover proposal from TAL Dai-ichi Life Australia, and Cleanaway rose about 20% after agreeing to a takeover by private equity firm EQT, Market Index reported.
Technology shares fell after Friday’s US tech sell-off: Megaport lost 3.5%, Life360 3.1% and Xero 2.4%, according to Market Index. BHP rose 0.7% as Singapore iron ore futures gained 0.9% to US$91.85 a tonne in Asian trade.
The Australian dollar was at US69.73 cents late on Monday afternoon, Market Index data showed.
Early on Tuesday, ASX 200 futures were down 35 points, or 0.4%, at 8,787 as of 5:31pm GMT, The Australian Financial Review reported. The newspaper said chipmakers had lifted Wall Street during Monday’s US session.
For Monday’s opening moves, see our earlier report.
Sources
- Evening Wrap: ASX 200 scrapes gain as coal, oil and gas stocks surge – M&A frenzy ignites CGF, CWY and FPR · Market Index
- ASX to fall; Wall Street lifts on tech rebound · The Australian Financial Review
- Nasdaq gains as investors buy the dip in the AI trade: Live updates · CNBC
- Aussie shares creep higher after dodging AI volatility · AAP
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