The leading Aussie indexes saw an upward trend at the close of trading on Tuesday, as indicated by the S&P/ASX 200 stepping up by 0.78%, and retaking the 8,300 level, and the All Ords ending comfortably above 8,500 after a previous close just below at 8,494. This increase was largely driven by strong performances in the Industrials, Information Technology (IT), and Financials sectors.

The ASX Industrials (XNJ) ended the day up 1.34%, as the S&P/ASX 200 Info Tech (XIJ) gained 1.31%. The ASX200 Financials (XFJ) delivered a 1.16% increase, with Commonwealth Bank (+1.57%), National Australia Bank (+1.46%), Westpac (+0.71%), and ANZ (+0.79%) all ending firmly in the green.

In commodities, Gold Futures for February delivery recorded a slight rise of 0.01%, reaching $2,670.14 per troy ounce. Conversely, Crude Oil for January delivery fell by 0.54% to $70.33 a barrel, whereas February Brent oil experienced a marginal increase of 0.04% to $73.94 a barrel.

Currency markets showed stability in some areas as the AUD/USD remained unchanged at 0.64. Meanwhile, the AUD/JPY experienced a slight decrease of 0.24%, settling at 97.94. The US Dollar Index Futures saw a modest rise of 0.03% to 106.59.

 

 

Top Australian Brokers

 

Don’t Buy Just Yet

You will want to see this before you make any decisions.

Before you decide which shares to add to your portfolio you might want to take a look at this special report we recently published.

Our experts picked out The 5 best ASX shares to buy in 2024.

We’re giving away this valuable research for FREE.

Click below to secure your copy