Australia Market rises for a fourth day

The Australian share market advanced for fourth consecutive session on Thursday, 08 October 2020, hitting a fresh one-month high, thanks to an overnight upswing in U.S. equities after U.S. President Donald Trump's call for partial stimulus measures. However, market gains capped, as investors managed to hold on to their earlier gains for the rest of the day.

At closing bell, the benchmark S&P/ASX200 index inclined 65.66 points, or 1.09%, to 6,102.04. The broader All Ordinaries added 66.22 points, or 1.06%, to 6,305.78.

Nearly all sectors were higher, with healthcare stocks, miners, banks and technology stocks leading the way, and only utilities and real estate stocks weaker.

 

Buy-now-pay-later companies were among the best performers, with Sezzle (SZL) up 3.3% after reporting that underlying merchant sales jumped by 231% to A$341 million over the year to the September quarter. Rival Splitit (SPT) gave back its gains to finish 5% lower despite it said merchant sales jumped 214% to nearly $US71 million over the year to September.

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