ASX edges higher in first session of 2020

The ASX has edged higher in the first session of 2020, with health care, telcos and tech stocks helping offset a weak open by the heavyweight miners and financials.

The benchmark S&P/ASX200 index was up 11.8 points, or 0.18 per cent, to 6,695.9.0 points at 1030 AEDT on Thursday, with the broader All Ordinaries up 13.3 points, or 0.2 per cent, to 6,815.7 points.

The ASX has opened the new year on the up. Credit:James Alcock

The banks and miners began the new decade lower – but were the only sectors in the red after half an hour of trade, with telcos leading the post new year’s holiday charge.

Telstra was up 1.27 per cent at $3.585, TPG rose 0.6 per cent to $6.75, Vocus was up 0.35 per cent to $2.87, and online property advertising platform REA Group climbed 1.33 per cent to $104.98.


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