Australian Shares Gain for Second Session as Energy and Tech Stocks Rally

Tue 18 Mar 25, 12:24 AM | Team Kalkine

Australian shares extended their winning streak for a second consecutive session on Tuesday, as energy and technology stocks propelled the S&P/ASX 200 index 0.6% higher to 7,904.2 points. A positive Wall Street lead and rising oil prices supported investor sentiment, while geopolitical tensions in the Middle East and strong Chinese economic data fueled expectations of higher demand.

The energy sub-index jumped 1.5%, as oil prices continued to rise. Key players Woodside Energy (ASX:WDS) and Santos (ASX:STO) gained 1.2% and 0.6%, respectively, benefiting from the global uptick in oil demand.

The banking sub-index rose 0.8%, extending its rebound from Monday after a nine-day losing streak. Despite a recent decline wiping off nearly AU$86 billion ($54.87 billion) from Australia's Big Four banks since mid-February, stocks made a strong comeback:

Technology stocks climbed 1.2%, continuing their upward trajectory. Notable gainers included:

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