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The Australian stock market has enjoyed its best day since mid-January as fears over banking contagion ease.
The ASX saw a slight raise, gaining just under one per cent to 7015.6.
International indexes followed suit, with the Asia Dow up 1.8 and China’s Shanghai Composite up 0.31 per cent.
In the green
The sectors bounced back from yesterday, with all but one in the green.
The Energy sector powered ahead, spurred on by a rebound in the price of crude oil. Beach Energy (BPT) and Woodside (WDS) added more than five per cent, with Strike Energy (STX) and Santos (STO) also seeing gains.
In the red
Lithium saw losses of more than one per cent, which was reflected in Sayona Mining’s (SYA) share price. Nearly 20 million Sayona shares were trading on the markets today, despite no news from the company.
Crude Oil slipped to just over US$69 a barrel. Brent crude followed suit to more than US$74 per barrel.
Gold stocks fell after the bullion price dropped 2 per cent overnight. Perseus Mining (PRU) and Regis Resources (RRL) fell nearly 6 per cent, while Gold Road Resources (GOR) was down around 5 per cent.
And lastly, Latitude Payments (LC1) told investors it had uncovered more evidence of large-scale data theft, after first reporting cyber-attacks last Thursday. The non-bank lender today confirmed all data compromised was from prior to March 16.
LFS shareholders reacted poorly to the news, with the company’s share price tumbling more than six per cent.
