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The Market Wrap with Tony Sycamore, Market Analyst, IG Australia

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The Australian share market grew to record territory again, as uranium miners benefited from big tech going after nuclear power.

MARKET WRAP:

    • ASX200: up 0.86%, 8,355
    • GOLD: $2,607 US/oz
    • BITCOIN: $100,615 AUD
  • AMP shares jumped 17.7% to $1.59 - up more than 70% in the calendar year.
  • Uranium stocks were jumping – Paladin up 11%, Deep Yellow gaining 7.3% and Boss Energy up 6.7%.
  • A third quarter update showing a cost blowout at an under-construction oil project in Alaska and a 3% dip in sales, saw Santos shares flat at $6.96.
  • Fortescue down 2.7% and Rio Tinto down 1.8%. 
  • BHP also fell 1.3% despite saying its copper production was up 4% and iron ore 2% across the quarter.
  • And falls in tech again saw Wisetech Global down another 3% and Technology One down 1.6%.

CURRENCY UPDATE:

  • AUD/USD: 66.75 US cents
  • AUD/GBP: 51.4 pence
  • AUD/EUR: 61 Euro cents
  • AUD/JPY: 100 Japanese yen
  • AUD/NZD: 1.10 NZ dollars
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