ASX 200 climbs on energy, materials; Tassal, Collins Foods shares jump
ASX on its best winning streak in six weeks. Energy and materials bounce, Collins Food surges on earnings beat, Tassal leaps on takeover rebuff and BWX smashed on profit warning.
Welcome to the Trading Day blog for Tuesday, June 28. The Australian share market climbs for a fourth consecutive session as energy and utilities sectors lead gains.
The S&P/ASX 200 closed up by 0.9 per cent, or 57.65 points, to 6763.60, with the benchmark on its best winning streak since mid-May.
Investors have shrugged off a weak lead from Wall Street and a mixed session in Europe.
The Dow Jones closed 0.2 per cent lower, the S&P 500 index lost 0.3 per cent and the tech-heavy Nasdaq slid 0.7 per cent.
Nymex crude oil was trading 2.1 per cent overnight to $US109.83 a barrel as Libya warned that it may have to stop production amid unrest.
Iron ore futures were up 0.9 per cent to $US129.68 a tonne while base metals jumped as much as 9.4 per cent with tin up the most.
The Australian dollar was trading around US69.18c at the US close.
Originally published as ASX 200 climbs on energy, materials; Tassal, Collins Foods shares jump
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