The Australian share market finished marginal higher after recouping earlier losses on Friday, 05 June 2020, making it five straight days of gains on hopes for a global economic recovery prospects. However, market gains capped as investors took profits off the table ahead of tonight's US jobs figures. At closing bell, the benchmark S&P/ASX200 index advanced 6.89 points, or 0.12%, to 5,998.72, the highest close since 6 March 2020. The broader All Ordinaries added 4.46 points, or 0.07%, to 6,116.47.
There was a tug-of-war on Friday between the banks (which stood out) and healthcare stocks (which struggled).
The major banks rose by around 3% today
Travel stocks remained impressive performers as some continue to embrace signs that the reopening of some borders isn't too far away. Sydney Airport (SYD) rose by 6.2% while Qantas (QAN) jumped by 3%.
Kogan.com (KGN) surged by 8.6% following the release of business update. The online retailer said that sales and profits more than doubled in April and May.
Healthcare stocks underperformed, with CSL Limited (CSL) sliding by 3%. FPH, COH and RMD also lost ground.
CURRENCY NEWS: The Australian dollar changed hands at $0.6989 after seeing an earlier high of $0.7004.
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