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S&P/ASX 200 hits seven-month high following another improvement on Wall Street

Brent crude fell 2.8% to US$41.64 a barrel after a Norwegian strike affecting production ended and US facilities began resuming output after Hurricane Delta.

MMJ Group Holdings Ltd - S&P/ASX 200
Spot gold fell 0.3% to US$1,923.56 per ounce with the possibility of a lower-than-expected US stimulus package weighing on the precious metal

S&P/ASX 200 (INDEXASX:XJO) is in the green for a seventh consecutive session with the index higher by 59 points or 0.96% to 6,191 at 1.07 pm.

The gains on the local index followed another improvement on Wall Street with the major US indices surging on Monday.

Highest level since March

Notably, the ASX200 rose by as much as 1.2% earlier in the day to rise above 6200 and hit a new seven-month intra-day high.

The local tech sector is leading the gains with a 1.93% rise while the financials are following closely with a 1.87% increase.

ANZ Bank (ASX:ANZ) was 2.7% higher while Commonwealth Bank (ASX:CBA) increased 1.3%.

Telstra (ASX:TLS) also surged, adding 3.24%, while Afterpay (ASX:APT) jumped 4.4% to hit a new record high of $96.08.

Top gainers

Today’s top gainers on the ASX include MMJ Group Holdings Ltd (ASX:MMJ) (+30.43%), Engage:BDR Ltd (ASX:EN1) (+16.67%), Moho Resources Ltd (ASX:MOH) (+13.64%), Apollo Minerals Limited. (ASX:AON) (+29.73%), Buru Energy Limited (ASX:BRU) (+13.58%), Zelira Therapeutics Ltd (ASX:ZLD) (+13.33%) and Boadicea Resources Ltd (ASX:BOA) (+25.81%).

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