Synopsis
The S&P/ASX 200 settled 0.07 per cent higher at 7,063.5 points after falling as much as 0.4 per cent during the session. The benchmark gained for the fourth-straight week.
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The Australian tech sub-index added 0.5 per cent, tracking an overnight rally on the Nasdaq. Altium gained 3.2 per cent, while EML Payments firmed 2 per cent.
Australian shares closed near 14-month highs on Friday as upbeat economic data from the United States and record first-quarter economic growth in the country s largest trading partner China supported hopes of a global economic recovery. The S&P/ASX 200 settled 0.07 per cent higher at 7,063.5 points after falling as much as 0.4 per cent during the session. The benchmark gained for the fourth-straight week.
Synopsis
The S&P/ASX 200 settled 0.5 per cent higher at 7,058.6, its best finish since Feb. 21 last year. Mining and energy stocks led the rebound from a 0.5 per cent drop in early trade.
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Mining stocks stood out, taking cues from Chinese coke futures that hit a near six-week high on Wednesday after some major coking plants sought to raise spot prices.
Australian shares reclaimed lost ground on Thursday to close at their highest level in nearly 14 months, as employment data cemented confidence that the economy recovery was in full swing. The S&P/ASX 200 settled 0.5 per cent higher at 7,058.6, its best finish since Feb. 21 last year. Mining and energy stocks led the rebound from a 0.5 per cent drop in early trade.
The S&P/ASX 200 index slipped 0.3 per cent to 6,974, closing lower for the second straight session. Last week, it had posted its best weekly performance in nine.
The S&P/ASX 200 index ended 0.8 per cent higher at 6,827.10, after rising as much as 1.3 per cent earlier in the day - its biggest intraday percentage gain since March 8. The benchmark closed 0.1 per cent higher on Monday.