ASX off to flying start for the week, up 0.9%

Australia’s S&P/ASX 200 share index was off to a strong week, closing up 0.9% to hit 6,868.90 points.

Technology stocks led the way with Telstra (TLS) up 2.15% and Afterpay (APT) finishing 1.59% higher. Zip Co (Z1P) shone, up 16.9% as investors still chase BNPL stocks as they continue to trend upwards.

The miners also finished in the green for the day with BHP and Rio Tinto (RIO) both up around 2%.

Gainers and Losers

The biggest gainers on Monday were:

  • Nearmap +19%
  • Zip Co +16.9%
  • Bendigo and Adelaide Bank +11.3%
  • Pointsbet +7.6%
  • Lynas Rare Earth +5.6%

The biggest declines were:

  • Altium -4.8%
  • Beach Energy -4.3%
  • AGL Energy -3.8%
  • Incitec Pivot -2.7%
  • Suncorp -2.2%

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This article does not take into account the investment objectives, financial situation or needs of a particular person or entity. Before acting on any investment strategy or advice you should first consult with your current ASIC accredited investment professional or seek out a compliant investment professional for such.