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Australia: Market ends with gain
(03 Feb 2023, 15:45)
Australia stock market finished higher for third consecutive session on Friday, 03 February 2023, with healthcare, real estate and tech stocks led the charge.

At closing bell, the benchmark S&P/ASX200 index was up 9.99 points, or 0.13%, to 7,511.65. The broader All Ordinaries index advanced 18.87 points, or 0.24%, to 7,728.52.

Total 9 of 11 sectors ended higher along with the S&P/ASX 200 Index. Healthcare was the best performing sector, gaining 2.5%, followed by A-REIT (up 2.4%), financials (up 1.2%), and telecommunication services (up 1.08%) issues. Materials was worst performing sector, erasing 1.4%, followed by financials (down 0.4%) issue.

The top performing stocks in S&P/ASX200 index were PINNACLE INVESTMENT MANAGEMENT GROUP and BRAINCHIP HOLDINGS, up 9.58% and 5.56% respectively. The bottom performing stocks in S&P/ASX200 index were RAMELIUS RESOURCES and PALADIN ENERGY, down 7.58% and 6.97% respectively.

Shares of healthcare and property trusts were notable higher. REA Group was up 4.48% and healthcare giant CSL had gained 3%

Tech stocks advanced, with jobs classifieds giant Seek gaining 6.98% and global cloud technology company Xero ending trade 7.10% higher.

Materials stocks closed down. BHP was down 1.92% to $47.91, Rio Tinto fell 2% to $122.94 and Fortescue Metals retreated 1.3% to $21.95.

CURRENCY NEWS: The Australian dollar was stood at 0.7056 against greenback on Friday, down by 0.3% from previous trading day closure at 0.7076 after trading in the range of 0.7045-0.7083.

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