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The Australian sharemarket has shaken off a two-day red trend to close out Week 31’s first day up at around 8,700 points. Positive tariffs sentiments and a strengthening coin Down Under both helped the ASX to the green close.
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The latter was perhaps most interesting today: The Aussie dollar is now at a nine-month high, buying nearly 66 U.S. cents by the time markets closed.
Financials were the flavour of the day – the Commonwealth Bank (ASX:CBA) added +1.2% while National Australia Bank (ASX:NAB) advanced +0.7%. Westpac (ASX:WBC) trailed, up +0.5%, as did ANZ (ASX:ANZ), +0.4%.
Also in the green was Helloworld Travel (ASX:HLO); it jumped +14.1% after upgrading its full-year earnings guidance to as much as $62 million.
Newmont Corp (ASX:NEM) gained too, up +4.63% today on huge volume.
Boss Energy (ASX:BOE) was the biggest loser in the headlines through today, diving more than -40% on warnings around “potential challenges” that may be hitting nameplate capacity at its Honeymoon project.
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And, Pilbara Minerals (ASX:PLS) dropped -11.7%, to $1.70 a share, after lithium carbonate futures in China sunk to 73,120 yuan per tonne on Monday.
That’s HotCopper’s Market Close, I’ll see you in the morning for the market open.
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