Shares rise; MinRes managing director and chairman to exit; Westpac ups buyback by $1 billion; Chevron inks Hexagon gas deal; Telix cheers US fee rule; Fletcher unit to fight NZ regulator claim. Follow updates here.
The Australian sharemarket rose on Monday, tracking a positive lead from Wall Street, ahead of a massive week with the US election, corporate earnings, and central bank meetings. The S&P/ASX 200 advanced 0.4 per cent, or 32 points to 8150.8, at the opening bell. It dropped 1.1 per cent last week in the worst losing streak since August. Of the 11 sectors, tech and utilities gained the most while commodities fell.
2 per cent but National Australia up 0.5 per cent. Miners fell with index heavy Rio Tinto down 0.4per cent and Fortescue off 0.3 per cent. BHP was flat. The energy sector was also subdued with Woodside and Ampol 0.2 per cent lower despite news on Sunday that OPEC+ had delayed its December production increases by one month. Santos rose 0.2 per cent. Stocks on the move Property company GPT Group edged up 0.2 per cent after reiterating 2024 guidance following a quarterly update.
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