Aussie stocks boom as Wall Street sniffs end of virus bargains

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The Australian share market jumped more than 3.0 per cent in early trade, taking the lead from strong gains on Wall Street overnight. 9News

Only the health sector index was in negative territory, down 1.37 per cent.

Among the big four banks, ANZ was up 6.22 per cent to $21.00, the Commonwealth Bank picked up 4.64 per cent to $71.92, NAB rose by 5.44 per cent to $20.54 and Westpac gained 5.99 per cent to $19.91.Energy shares were up after crude oil prices crossed the $US40 a barrel mark. Origin Energy is also involved in the project in central Queensland, and its shares gained 3.77 per cent to $6.46.BlueScope Steel was up 6.22 per cent to $13.14, BHP rose 4.21 per cent to $37.86, Rio Tinto was up 3.57 per cent to $102.12 and Fortescue climbed 4.4 per cent to hit an all-time high of $15.18.

In health, CSL shares lost 2.57 per cent to $278 even as it announced the acquisition of Canadian clinical-stage biotechnology company Vitaeris for its research into treating the leading cause of rejection for transplanted kidneys.

 

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