SYDNEY, AAP – Crown Resorts shares have surged after a licence decision while the ASX technology category has been boosted by big moves from US peers.
Crown shares were up more than nine per cent to $10.55 on Tuesday after the release of a Victorian royal commission report which allowed the group to retain its Melbourne casino licence.
Crown will have added regulatory oversight for two years while the company makes changes to better guard against organised crime.
Casino operator Star Entertainment, recently accused of similar faults, also jumped. Shares were up more than six per cent to $3.67 at 1200 AEDT.
Technology shares were the best on a slightly higher Australian market. Afterpay gained more than three per cent to $12.64.
The Nasdaq was best of the US markets earlier after Tesla had a big customer order and PayPal decided not to buy Pinterest.
On the ASX, there were modest losses for shares in utilities, consumer staples and industrials.
The benchmark S&P/ASX200 index was higher by 19.7 points, or 0.26 per cent, to 7460.7.
The All Ordinaries was up 21.7 points, or 0.27 per cent, to 7776.
The Dow Jones and S&P 500 closed at record highs earlier as US earnings season moved into one of its heaviest reporting weeks.
US President Joe Biden held out hope for an agreement on his major spending plans before attending the COP26 climate summit in Scotland.
In ASX company news, Ampol leaders said fuel prices were trending higher in recent weeks after coronavirus rules were eased in NSW and Victoria.
Third-quarter earnings were up 75 per cent on the same virus-affected quarter last year. However the 2021 third-quarter was also blighted by lockdowns in some states and New Zealand.
Shares were up 0.35 per cent to $31.37.
Most of the miners gave back gains from Monday. Fortescue lost 1.44 per cent, Rio Tinto dipped 0.75 per cent, and BHP improved by 0.81 per cent.
The big four banks were all higher by less than one per cent. The Commonwealth was little changed.
Oil Search narrowed its full-year production forecast to 26 million barrels of oil from 28 million.
Third-quarter sales were up 12 per cent on the previous quarter, helped by higher LNG and gas prices.
The company is progressing its merger with Santos, while a court hearing in Papua New Guinea, where lots of oil and gas mining takes place, looms.
Shares were up 0.44 per cent to $4.50.
The Australian dollar was buying 74.96 US cents at 1200 AEDT, higher from 74.89 US cents at Monday’s close.