ASX up 0.82% near noon: A-REITs up over 1.5%

Market Reports

by Peter Milios

Australian shares surged shortly after trading began on Tuesday, following Wall Street's lead as equities approached all-time highs, despite Nvidia's continued decline.

At 11:30am, the S&P/ASX 200 is 0.82 per cent higher at 7,796.80.

The SPI futures are pointing to a rise of 53 points.

Best and worst performers

The best-performing sector is A-REIT, up 1.64 per cent. The worst-performing sector is Information Technology, down 0.09 per cent.

The best-performing large cap is James Hardie Industries plc (ASX:JHX), trading 2.85 per cent higher at $48.79. It is followed by shares in Woodside Energy Group (ASX:WDS) and Medibank Private (ASX:MPL).

The worst-performing large cap is Meridian Energy (ASX:MEZ), trading 2.96 per cent lower at $5.58. It is followed by shares in EBOS Group (ASX:EBO) and GQG Partners (ASX:GQG).

Commodities and the dollar

Gold is trading at US$2340.40 an ounce.

Iron ore is 2.3 per cent lower at US$102.65 a tonne.

Iron ore futures are pointing to a 0.6 per cent fall.

One Australian dollar is buying 66.54 US cents.

Peter Milios

Peter Milios is a recent graduate from the University of Technology - majoring in Finance and Accounting. Peter is currently working under equity research analyst Di Brookman for Corporate Connect Research.

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