[ad_1]
Australian stocks eased slightly on Tuesday, but investors in BHP helped the market remain positive, staying close to its 2018 highs despite another negative Wall Street advance.
The S & P / ASX200 benchmark is up points, or 0.09 percent, to 6,283.8 points at 1,200 AEST on Tuesday while General All Ordinary was up 1.5 points, or 0, 02 percent, at 6,370.3 points.
The benchmark fell 0.4 percent on Monday but was still showing a rise for a fourth consecutive month, although technical badysis suggests some correction might be due.
"But that suggests that there are evaluation impacts holding back the global market and that in a technical sense this is the top of" For the moment, Greg McKenna, chief strategist at CFD and foreign exchange provider AxiTrader
BHP reached its highest level in nearly four years and was the biggest stimulus of the overall index, rising up to 1.7% morning trading session at $ 34.69, up 1.5 percent, at noon
"BHP gets credit from the sale of its shale badets.People remain hooked because they think that There will be capital management such as a buyout, or even higher dividends, "said Mathan Somasundaram, market portfolio strategist of Blue Ocean Equities
. Origin Energy grew by five cents, or 0 , 5%, to $ 9.72 after posting record production and revenue for the June quarter thanks to increased production from its APLNG collective goal and rising oil.
Wall Street fell overnight as US stocks took a further blow from the defeat of technology stocks that has been prolonged due to disappointing results from the big players.
The Australian dollar traded at 74.23 US cents at noon, up 73.93 US cents on Monday after a surge in data showing a much better-than-expected rise of 6.4 percent in approvals Local housing construction for June.
Source link
