Australia shares rise on healthcare, technology gains


Australian shares were higher on Thursday on the very first day of trading in the year. The healthcare and tech sectors amid thin trading volumes were the gainers.

The recorded level fell by 1.8% on Tuesday. The share market was closed on the New Year’s Day on Wednesday.

Afterpay Ltd rose as much as 2.7% it was among the top boosts to the Australian benchmark, as the Melbourne-based fintech firm from California had approved its lending license for the U.S. state.

Afterpay’s gain helped the technology sector by almost 1% this was its best session since Dec. 27. Drugmaker CSL advanced as much as 1%, Cochlear supported 1.3% in its best session since Dec. 18. This helped the healthcare index climb about 0.9% higher.

The energy sector rose 0.4%, Santos which gained 0.7%in and Woodside Petroleum rose as much as 0.4%.

The heavyweight Australian monetary sector went down as much as 0.6% which was low, with all the “big four” banks trading in the negative territory.

The broader mining index was 0.4% to its lowest since Dec. 24, the reason was the fall in gold-related stocks.

Gold miner Perseus Mining were top losers in the mining sector, at 3%, and peer Dacian Gold dropped over 4%.

New Zealand markets were closed for the public holiday.