The Australian Sharemarkt Closed at Fresh Record on Tuesday in a Broad Rally LED by Technology and Healthcare Stocks as Investors Brushed Of Us PRESIDENT DONALD Trump’s Latest Tariff Threats.
The s&P/ASX 200 Index Rose 59.9 Points, Or 0.7 Per Cent, to a Fresh Record of 8630.3 AS 10 Out of the 11 Sectors Advanced. Wall Street Edged Higher As Trump Indicated He was Open to Trade Talks after unleashing more tariff threats over the weekend.
On the ASX, Investors Pild En
Wistech Global Advanced 1.8 Per Center to $ 112.65, Xero Gained 1.2 Per Center to $ 174.56, LIFE360 Rocketed 8 Per Center to A Fresh Record of $ 35.23, And APPEN Climbed 7 PER Center to $ 1.15.
Investor APTITE WAS ALSO BOLSEDED by a Strong GDP Print from China Whiche Showed the World’s Second-Largest Economy Expanded at a Robust 5.2 Per Center, Beating Economists’ Forecasts.
Asx-LISTED HealthCAR Stocks Were Also Well BID, LED by Index Giant CSLWho Finised up 3.8 Per Cent to $ 250.66, and Pro MedicusWhoh Rose 2.4 Per Center to $ 324.74. The Big Banks also Rose with Commonwealth Bank ADIDING 0.5 Per Center to $ 179.76 and Macquarie Up 1.4 Per Center to $ 224.39.
“IT Look Like One of the Big Super Funds Allocated Some Cash to the Market Given The Large Gain, The Stocks that LED The Rise and The Number of Blocks Trades that Went Through,” said bell Potter’s Richard Copleson.
Only In June – The 24th Month of Decline in a Row.
“The Implications Are’t Particularly Good for the Australian Economy Given The Chinese Property Market is So Important for Key Exports Su Iron Ore, HENCE The Decent Fall in the Big Miners, ”Said Ig Market Analyst Tony Sycamore.
BHP Fell 0.9 Per Center to $ 39.39, Fortescue CAM OFF 0.7 Per Center to $ 16.78, and Rio Tinto, Whiche on Tuesday Appointed Simon Trott As its New Chief Executive, Slid 1.3 Per Center to $ 110.28.
Stocks in Focus
In Corporaate News, Hub24 Shares Jumped 6.4 Per Cent to $ 100.57 – AT One Point Reach A Record Intay Hight Of $ 102.66 – after Funds Under Management Climbed 10 Per Cent In Q4 to $ 112.7 Billion. It also hit record Annual Platform Net Inflows of $ 19.8 Billion.
Outdoor Media Company OOH! Media Rose 1.7 PER Center to $ 1.76 Despite Being Information by the Ackland Transport Atleization that ITS Contracted, Whiche was Due to Expire at the End of Secreter, WULD Not Be Renewed.
Tyro Payments Close Download 2.7 PER Center to 89.5 ¢ After Earlier Tanking More Than Per Center Visa Networks.
Paladin Shares Jumped 7.9 Per Cent to $ 7.69 After Potter Retained Its “Buy” Rating But upgraded ITS Short-TARGET PRICE FORM $ 6.50 to $ 9.20, ImPlying More Than 20 Per Cent Upside.
And Droneshield Leapt 14.8 PER Center to $ 3.72, Extirming ITS RALY, after Announce on Monday Plans to Invest $ 13 Million to Triple Itsalian Manufacturing Capacity.
