Australia: Shares inch higher on energy, tech stocks

energy
energy

 

Shares closed higher on Thursday, as markets were closed on Wednesday in Australia. A slight increase in the energy and tech stocks were witnessed due to volumes of investors in thin trading.

After a 1.8 per cent drop on Tuesday, 0.1 per cent to 6,690.60 increased in the S&P/ASX 200 index on the first trading session of the year. The Big Four banks closing in the red Financials ended flat in New Zealand as the market was closed as for New Year celebration. 0.2 per cent sub-index was gained by Aussie with Woodside Petroleum Ltd adding 0.3 per cent and for Santos Ltd, the per cent was 0.5 but Afterpay Ltd was the fourth top per cent to gain the benchmark of 4.6 per cent by California has approved the lending license as it helped the technology sector to increase the share in the market by 0.3 per cent.

Telstra Corp performed well with an increase of 1.1 per cent which is going on from two weeks. For the mining sector, the higher index was Rio Tinto Ltd which raised up to 0.8 per cent which there seems lose for Resolute Mining Ltd which dropped by 2 per cent. Oil prices have not dropped in the share market in three years.