The Australian stock market ended higher for the first time in three trading days on Thursday 07 October 2021, thanks to a solid lead from Wall Street overnight, as well as hope for a short-term solution. to the US debt ceiling after reports that the United States Democrats and Republicans in Congress could reach an agreement to raise the debt ceiling by a certain level, which could delay the Treasury until December .

At the close, the benchmark S & P / ASX200 rose 50.12 points, or 0.7%, to 7,256.66.

The larger All Ordinaries index rose 54.97 points, or 0.73%, to 7,551.19.

The best performing stocks in this index were SUPER RETAIL GROUP and COLLINS FOODS, up 7.75% and 6.93% respectively. The worst performing stocks on this index were WHITEHAVEN COAL and THE STAR ENTERTAINMENT GROUP, down 7% and 4.2% respectively.

Shares of banks and financial services were higher, with three of the “big four” banks – National Australia Bank, Australia and New Zealand Banking Group and Westpac Banking – rising between 0.3% and 1.1%.

Tech stocks advanced, with now-pay-later buyout giant (BNPL) Afterpay adding 2.6%. Shares of healthcare companies were also higher, with CSL and Sonic Healthcare jumping 1% and 4.2%, respectively.

Qube (QUB) eased after the ACCC announced its intention to investigate potential competition concerns arising from its acquisition of the Newcastle Agri Terminal.

CURRENCY NEWS: The Australian dollar changed hands at $ 0.7297 after yesterday’s rebound against $ 0.724.

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(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

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