The Business Times

Australia: Shares end at record high on healthcare, tech boost

Published Fri, Jul 23, 2021 · 05:28 PM

[SYDNEY] Australian shares closed at a record high after a choppy afternoon trade on Friday, as gains in healthcare and tech stocks slightly outweighed losses in financial and energy firms.

The S&P/ASX 200 index settled up 0.1 per cent at 7,394.4, after falling as much as 0.2 per cent during the session. For the week, it gained 0.6 per cent, recovering from sharp losses recorded earlier.

Healthcare stocks added 1.3 per cent and led gains on the benchmark index. The closing marked a fourth positive finish in the past five sessions.

Australian tech stocks followed suit, firming nearly 1 per cent on strong cues from their Wall Street peers overnight.

New Zealand's benchmark NZX 50 index gained after two weeks of losses, ending up 0.5 per cent. It closed 0.1 per cent higher on Friday at 12,736.32 points.

REUTERS

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