The ASX 200 achieved a landmark high in trading today, breaching 8,500 to set a new all-time-high at 8,515.70 before settling in to the close up 0.55% at 8,493.7. The All Ords also made impressive gains of 0.52%, but just fell shy of it’s own all-time-high of 8771.30 in hitting an intra-day peak of 8,768.50. The early year rally continues, with various sectors helping drive sentiment.
The S&P/ASX 200 Energy Index increased by 1.2%, supported by a positive outlook in the energy sector. Consumer discretionary shares also performed well, with an increase of 1.11%.
Despite the positive trends across most sectors, the gold sector did not follow the upward trajectory. The All Ordinaries Gold Index saw a slight decline, retreating by 0.25%. This downturn in the gold sector comes amidst varying investor sentiment and market dynamics impacting gold-related stocks.
Miners also played a key role in today’s rise, with Rio Tinto (RIO) adding 0.71%, BHP gaining 0.89%, and Fortescue 0.26% in the green. This reverses what has been a difficult start to the year for the sector, in an otherwise bullish market.
Today’s performance of the ASX 200 demonstrates an optimistic market environment, driven by strong sector performances and notable individual gains.
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