Proactive Investors - Run By Investors For Investors

S&P/ASX 200 rallies to 11 year high fuelled by healthcare, tech and consumer staples

The weekly ANZ-Roy Morgan consumer confidence rating has increased by 3.6% to 119.5 points..
shares rising chart
Bellamy’s Australia rose 15.6% to $11.12

S&P/ASX 200 (INDEXASX:XJO) has closed near the 11-year high it hit during earlier trade, up 62 points or 1% to 6,382 – the highest level since December 2007.

The healthcare sector climbed 2.38%, while tech, consumer staples and heavyweight financial stocks more than offset a subdued day for energy and mining shares.

Gainers and losers

Bellamy’s Australia (ASX:BAL) rose 15.6% to $11.12 after the Chinese market regulator released three approvals for its branded infant formula.

Northern Star (ASX:NST) shares dropped 2.5% to $8.26 amid problems at its Alaskan operations which impacted the gold miner’s quarterly performance.

Consumer confidence up

The weekly ANZ-Roy Morgan consumer confidence rating increased by 3.6% to 119.5 points – the biggest rise in 10 months.

View full . profile View Profile

Proactive Investors Australia Timeline

Related Articles

Live Company
July 05 2019
In June 2019 the company signed a five-year deal to create tours themed around properties owned by children’s television network Nickelodeon
mobile marketing
April 02 2019
The merger is structured as an offer by Taptica that will see it owning 50.1% of the enlarged group and Rhythm One owning the remaining 49.9%
July 05 2019
With over 1.6 billion people globally learning the language, Lingo has developed a SaaS platform that seamlessly blends education and technology

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use