Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 set a new record at 7630 points at 11.30am (AEDT) – that’s above the 7628.9-point record that was in place since August 13, 2021.
IT stocks surged nearly 1.8 per cent driving the index up, with real estate and healthcare stocks also making gains above 1 per cent.
Some of the top performers in early trade have included Cloud connectivity company Megaport (ASX:MP1) which rallied nearly 28 per cent on December quarter revenue of $48.6 million, up 5 per cent on the previous corresponding period.
Nickel Industries (ASX:NIC) defied recent sentiment around the commodity to pick up nearly 20 per cent on its record quarterly EBITDA results and announcing a 2.5 cent dividend.
Chalice Mining (ASX:CHN) and Liontown (ASX:LTR) are also both up more than 7 per cent in the absence of market news.
But the record performance – at this point – has been short lived, the ASX200 has fallen back to 7618 points.
-1200x645-380x200.jpg)