The Australian share market has opened higher, shrugging off a negative lead from Wall Street.
The benchmark S&P/ASX200 index was up 27.3 points, or 0.42 per cent, to 6,590.9 points at 1030 AEDT on Tuesday, while the broader All Ordinaries was up 24.8 points, or 0.37 per cent, to 6,711.5 points.
The utilities sector led gains in the first half hour of trading, rising 0.92 per cent, while consumer staples added 0.80 per cent.
APA was up 1.25 per cent, AGL rose 0.84 per cent and AusNet was 0.56 per cent higher.
Woolworths was up 1.03 per cent, Coles advanced 1.86 per cent and Metcash increased by 0.86 per cent.
The big four banks were all higher, with Commonwealth up 0.59 per cent to $78.40, NAB up 0.72 per cent to $28.12, and Westpac up 0.42 per cent to $28.73.
ANZ was up 0.48 per cent to $27.43 despite the lender announcing an extra $559 million in customer remediation costs.
Bendigo and Adelaide Bank was up 0.63 per cent, Bank of Queensland was up 0.47 per cent and Macquarie Group was up 0.67 per cent.
Mining giant BHP was up 0.18 per cent to $35.445, Rio Tinto was up 0.55 per cent to $88.08 and Fortescue Metals was down 0.56 per cent to $8.86.
All sectors were in positive territory except for the telcos, which were trading flat, and tech shares that slipped 0.43 per cent as segment heavyweight Afterpay sank almost 4.0 per cent.
On Wall Street overnight, the Dow Jones Industrial Average was down 0.36 per cent, the S&P 500 was down 0.45 per cent and the tech-heavy Nasdaq Composite was down 0.33 per cent.
The Aussie dollar is buying 67.30 US cents, down from 67.48 US cents on Monday.
AAP
Be the first to comment