ASX climbs higher after Christmas break


“Mining definitely led the charge today,” Bell Direct markets analyst Jessica Amir said.

“It was actually a pretty good comeback session to close off a disrupted week.”

The mining sector indeed led gains on Friday, adding 1.11 per cent as a whole.

BHP was up 1.05 per cent to $39.64, Rio Tinto was up 0.5 per cent to $102.51 and Fortescue Metals was up 0.82 per cent to $11.00.

South32 jumped 1.86 per cent to $2.74 and BlueScope Steel was flat at $15.40.

Goldminers were boosted by a jump in the value of the precious metal, with Newcrest rising 1.37 per cent to $29.63, Northern Star up 3.24 per cent to $11.14 and Evolution gaining 3.89 per cent to $3.74.

Saracen Mineral, Regis Resources, and St Barbara were each up by between 2.63 and 3.42 per cent.

The big four banks were all higher.

ANZ was up 0.2 per cent to $24.78, Commonwealth Bank up 0.45 per cent to $81.07, NAB up 0.28 per cent to $24.93 and Westpac up 0.5 per cent to $24.33.

Bendigo and Adelaide Bank rose 0.3 per cent, Bank of Queensland was up 1.09 per cent, and Macquarie Group was up 0.73 per cent.

Telco Telstra was up 0.27 per cent at $3.66, but biotech giant CSL fell 0.66 per cent to $280.42 to drag health care stocks lower.

Consumer staples closed higher as a whole, with supermarket giants Woolworths and Coles up 0.11 and 0.52 per cent respectively, a2 Milk up 0.83 per cent, and Costa Group rising 3.16 per cent to $2.61.

For consumer discretionaries, Jumbo Interactive rose 5.5 per cent to $15.55 and Wesfarmers was 0.05 per cent higher at $41.81, but retailers JB Hi-Fi fell 0.88 per cent and Premier Investments dropped 0.87 per cent.

AAP

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