STOCKS RISE: ASX 'Santa rally' rolls on

Australian stocks have resumed trade following the Christmas break moderately higher, bucking weak leads provided by European and US markets overnight.

First, the scoreboard.

  • ASX 200 5238.30 , 30.65 , 0.59%
  • All Ords 5286.00 , 29.86 , 0.57%
  • AUD/USD 0.7259 , 0.0013 , 0.18%

Led by buying in financials, consumer staples, consumer discretionary, healthcare and telecommunications, stocks now sit up 0.59% having fallen by as much as 0.3% earlier in the session.

Here’s the current performance by sector.

  • A-REIT -0.66%
  • CONSUMER DISCRETIONARY 0.96%
  • CONSUMER STAPLES 1.87%
  • ENERGY -0.47%
  • FINANCIALS 0.88%
  • HEALTHCARE 0.97%
  • INDUSTRIALS 0.15%
  • INFORMATION TECHNOLOGY 0.63%
  • MATERIALS -0.82%
  • RESOURCES -1.26%
  • TELECOMMUNICATIONS 0.45%
  • UTILITIES -0.34%
  • ALL ORDS GOLD INDEX 0.65%

Should the current gains be maintained into the close, it will mark the eighth consecutive session of gains – the longest winning streak seen since early February this year.

ASX 200 Daily Chart Source: Investing.com

Making the performance of the Australian market all the more impressive, stocks elsewhere around the region are trading lower.

The Nikkei 225 in Japan has lost 0.27%, outpaced by a 0.89% decline on the South Korean KOSPI. Chinese stocks, having fallen more than 2% on Monday, will resume trade at 12.30pm AEDT.

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