Currently in our local market the ASX200 is trading at 6019.70 higher by 24.82 points or +0.41% with Materials and Health Care stocks leading the gains, as both sectors pushing higher by 1.51% and 1.19%, respectively. As for the bank, the Financials are the only lagging sector today down 0.33% with NAB -0.60%, WBC -0.25, CBA -0.97% and ANZ -0.21%.
In economic data we have first quarter GDP (YoY) released at 11:30 local time with the market expecting an increase from 2.4% previously to 2.8%. Currently the Australian dollar is trading at 0.7634 against the U.S. dollar.
Best Performing Stocks
- Xero Ltd (XRO) +4.40%
- OZ Minerals (OZL) +3.59%
- Super Retail Group (SUL) +3.52%
Worst Performing Stocks
- Retail Food Group (RFG) -3.95%
- Domino’s Pizza (DMP) -3.67%
- Metcash Ltd (MTS) -3.08%
Xero Ltd (XRO) daily chart attached