Welcome to your five-minute recap of the trading day and how the experts saw it.
The numbers: The ASX 200 closed 0.4 per cent higher, gaining 29 points to 6650.6 by close of trading on Thursday.
Tech stocks boosted the market’s overall gains as the sector climbed 2 per cent. Materials and energy both rallied by 1.7 per cent. BHP gained 1.3 per cent, Rio Tinto was up 2 per cent and Fortescue rose 2.5 per cent.
Coal miners were big winners, with New Hope jumping 5.7 per cent, Whitehaven 6.5 per cent and Coronado 8.1 per cent.
Wall Street saw wild swings in share prices after the shock inflation report.Credit:NYSE
After posting a profit warning on Wednesday, Bega shares hit a nine-year low of $3.25 after sliding 8.5 per cent.
The lifters: EML Payments 12.3%, Imugene 10.9%, Chalice Mining 8.2%
The laggards: Bega -8.2%, St Barbara -5.3%, GPT -2.6%
The lowdown: The ASX 200 lifted on Thursday on the back of higher commodity prices, including a rise in iron ore prices. All sectors were in the green bar real estate and financials.
The major banks weighed on the market. Commonwealth Bank lost 1.5 per cent to $92.3, Westpac lost 1.1 per cent to $19.94, NAB lost 0.5 per cent to $28.30 and ANZ was down 2.2 per cent to $21.94 as it eyes off a $4 billion takeover of MYOB.
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