The ASX has opened higher on Monday, bolstered by a rise in energy stocks after strong jobs data and a tech rally on Wall Street on Friday. Oil prices are also surging in response to Hamas's attack on Israel. Follow live.
The ASX has opened higher at the beginning of trade on Monday morning, up 0.4% to 6,982 points as of 10:35am AEDT. Energy stocks are mostly responsible for the higher opening, with the sector up 2.1%. Th e basic materials sector is also up 1.3%, while academic and educational services picked up 0.9%. Utilities , consumer cyclicals and real estate round out the early gains for the sectors.
Consumer non-cyclicals have had the biggest drop so far , followed by industrials . The technology, healthcare and financials sectors are all flat. The best performers so far: De Grey Mining +8.5% Bellevue Gold +6.9% Evolution Mining +5.7% Capricorn Metals +5.5% Northern Star Resources +5.4% And the worst performers so far: Weebit Nano -10.9% Magellan Financial -2.7% Qantas -1.7% Paladin Energy -1.5% Life360 -1.
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