ASX opens higher as every sector advances

The Australian share market has moved higher as every sector started the week on a positive note.

The benchmark S&P/ASX200 index was up 25.2 points, or 0.37 per cent, to 6,756.0 points at 1200 AEST on Monday, while the broader All Ordinaries was up 26.4 points, or 0.39 per cent, to 6,865.4 points.

Property trusts and energy shares led gains, adding 0.92 per cent and 0.86 per cent respectively.

Scentre Group was up 1.14 per cent, Stockland was up 1.25 per cent and Goodman Group was up 1.81 per cent.

Santos, Woodside Petroleum, Oil Search and Beach Energy were up between 0.45 per cent and 1.36 per cent.

The tech sector had the smallest advance, rising 0.10 per cent, amid a drop for heavyweight Afterpay.

Xero added 2.76 per cent and Wisetech Global rose 0.97 per cent but Bravura Solutions fell 1.52 per cent, and Afterpay slid 3.09 per cent.

Mining giant BHP was down 0.08 per cent to $37.72, Rio Tinto was up 0.51 per cent to $93.91, and Fortescue Metals was up 0.50 per cent to $8.965.

Northern Star was up 1.24 per cent after it said it had waived all conditions in its takeover bid for Echo Resources – which was up 0.76 per cent – while fellow gold miners Newcrest Mining and Evolution added 1.02 per cent and 0.52 per cent respectively.

The big four banks were mixed, with ANZ up 0.38 per cent to $28.015, Commonwealth down 0.30 per cent to $81.935, NAB down 0.23 per cent to $29.72, and Westpac up 0.57 per cent to $29.83.

Bendigo and Adelaide Bank was up 0.48 per cent, Bank of Queensland was up 0.31 per cent and Macquarie Group was flat.

Webjet was down 4.26 per cent to $11.02 following the overnight collapse of UK travel company Thomas Cook which owed the Australian website about 27 million euros.

The Aussie dollar is buying 67.72 US cents from 68.05 US cents on Friday.

AAP

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