Australia stock market finished session significantly higher on Thursday, 30 March 2023, on following the broadly positive cues from global markets overnight, with shares of technology, materials, financial, and industrial sectors leading rally.At closing bell, the benchmark S&P/ASX200 index advanced 72 points, or 1.02%, to 7,122.34. The broader All Ordinaries index increased 76.41 points, or 1.06%, to 7,312.39.
The top performing stocks in the S&P/ASX 200 Index were PALADIN ENERGY and IRESS, up 8.33% and 5.81% respectively. The bottom performing stocks in S&P/ASX200 index were GOLD ROAD RESOURCES and CAPRICORN METAL, down 3.88% and 3.38% respectively.
Total 10 of 11 sectors ended higher along with the S&P/ASX 200 Index. Information technology was the best performing sector, gaining 1.7%, followed by materials (up 1.49%), financial (up 1.48%), and industrials (up 1.03%) sectors. A-REIT was bottom performing sector, falling 0.26%.
Information technology shares advanced, after softer inflation figures on Wednesday alleviated fears about the extent of further interest rate rises. Shares in software company WiseTech lifted 1.7%
Shares of materials companies advanced. market heavyweights BHP (up 2.4%), Rio Tinto (up 1.8%) and Fortescue (up 2.1%) climbed.
CURRENCY NEWS: The Australian dollar was stood at 0.66712 against greenback on Thursday, rising 0.43% from previous trading day closure at 0.6683.
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