The Australian sharemarket rose this morning, tracking a positive lead from Wall Street, ahead of a massive week with the US election, corporate earnings, and central bank meetings.
The S&P/ASX 200 advanced 0.4 per cent, or 32 points to 8150.8, at the opening bell. It dropped 1.1 per cent last week in the worst losing streak since August.
Of the 11 sectors, tech and utilities gained the most while commodities fell.
Mineral Resources was the index's biggest laggard, down by 6 per cent on news that managing director Chris Ellison will step down within 18 months after the board of the company found he used the company's resources for his personal benefits.
Westpac Banking was another casualty, down 1.7 per cent after posting a 3 per cent drop in net profit to $7 billion for FY2024.
The other big banks were mixed with ANZ down 0.2 per cent but National Australia Bank up 0.5 per cent.
Miners fell with index-heavy Rio Tinto down 0.4per cent and Fortescue off 0.3 per cent. BHP was flat.
The energy sector was also subdued with Woodside and Ampol 0.2 per cent lower despite yesterday's news that OPEC + had delayed its December production increases by one month. Santos rose 0.2 per cent.
Stocks on the move
Property company GPT Group edged up 0.2 per cent after reiterating 2024 guidance following a quarterly update.
Cancer diagnostics specialist Telix Pharmaceuticals rallied 2.7 per cent on optimism from a new US Medicare Fee payment rule.
Construction materials company Fletcher Building lifted 0.7 per cent despite news its Winstone Wallboards unit plans to defend allegations made by the New Zealand Commerce Commission about the use of rebates to secure supply deals.

Sumber : afr.com