Aust shares trading near two-year high

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(Australian Associated Press)

Australian stocks are trading around a near two-year high, with the energy, industrial and healthcare sectors all up more than one per cent amid renewed investor confidence.

At 1200 AEDT, the benchmark S&P/ASX200 index was up 0.77 per cent, or 44.9 points, at 5,866.1, its highest level since late April 2015.

Energy giants Woodside Petroleum and Santos both gained close to 1.2 per cent after the oil price lifted more than a per cent on a disruption to Libyan supplies.

Origin Energy shares lifted 1.52 per cent to $7.035 after signing two agreements to supply gas for French energy major Engie’s operations in Australia.

Major miners BHP Billiton, Rio Tinto, Fortescue Metals all enjoyed strong gains, of between 0.69 and 1.3 per cent.

The big four banks were also trading higher, with National Australia Bank leading the pack up 1.26 per cent to $33.255.

In local equities news, Fairfax Media shares gained 2.35 per cent to $1.09 after media speculation that private equity giant TPG Captial was considering a takeover bid.

Meanwhile, the Australian dollar was higher at 76.48 US cents after the greenback reversed its earlier gains overnight.

ON THE ASX:

* At 1200 AEDT, the benchmark S&P/ASX200 was up 44.9 points, or 0.77 per cent, at 5,866.1 points.

* The broader All Ordinaries index was up 41.5 points, or 0.71 per cent at 5,901.9 points.

* The June SPI200 futures contract was up 42 points, or 0.72 per cent, at 5,855 points.

* National turnover was $1.2 billion securities traded worth $1.9 billion.

CURRENCY SNAPSHOT AT 1200 AEDT:

One Australian dollar buys:

* 76.48 US cents, up from 76.1 US cents on Tuesday

* 84.98 Japanese yen, up from 84.20 yen

* 70.70 euro cents, from 70.07 Tuesday

* 61.62 British pence, up from 60.61 pence

* 109.16 New Zealand cents, up from 108.20 NZ cents

BOND SNAPSHOT AT 1200 AEDT:

* CGS 5.25 per cent March 2019, 1.7606pct, up from 1.738pct on Tuesday

* CGS 4.25pct April 2026, 2.6773pct, up from 2.642pct

Sydney Futures Exchange prices:

* June 2017 10-year bond futures contract at 97.23 (implying a yield of 2.77pct), from 97.265 (2.735pct) on Tuesday

* June 2017 3-year bond futures contract at 98.03 (1.97pct), from 98.050 (1.950pct)

(*Currency closes taken at 1700 AEDT previous local session, bond market closes taken at 1630 AEDT previous local session)

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