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Foreign Market News

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(02 Feb 2024, 15:18)

Australia Market surges 1.2% as tech stocks rally


Australia stock market finished session sharply higher on Friday, 02 February 2024, following a strong rally on Wall Street overnight, with shares in realty and technology companies leading gains.

At closing bell, the benchmark S&P/ASX200 index declined 92.53 points, or 1.2%, to 7,588.19. The broader All Ordinaries index dropped 94.07 points, or 1.19%, to 7,818.75.

10 of 11 sectors ended higher along with the S&P/ASX 200 Index. A-REIT was the best performing sector, gaining +3.37%, followed by information technology (up 3.13%), consumer staples (up 1.69%), and telecommunication services (up 1.64%) issues. Utilities was the worst performing sector, falling 0.41%.

The top performing stocks in S&P/ASX200 index were PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED and BOSS ENERGY LTD...

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