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ASX 200 Opens Higher on April 28, Tracking Global Equity Gains

The ASX 200 gained 18 points in early trade on April 28, lifted by positive global cues and firm commodity prices.

ASX 200 Opens Higher: 28 April Climbs 18 Points as Global Sentiment Lifts Stocks

Australia’s S&P/ASX 200 Index began Monday’s session in the green, opening at 7,986.50, up 18.30 points or 0.23%, amid improving risk appetite across global equity markets. This movement reflects investor optimism carried over from the Nasdaq’s 1.26% surge last Friday and steady commodity prices.

The index continues to hover near recent highs, suggesting underlying strength in key sectors including mining, banking, and energy.


What’s Driving the Early Momentum

  • Wall Street rally boosted global investor sentiment
  • Iron ore and energy prices remained stable over the weekend
  • Confidence is returning as earnings and rate outlooks stabilize

Sector Watch

  • Mining & Resources: BHP, Rio Tinto gained on firm commodity outlook
  • Financials: Big banks opened positive, mirroring global peers
  • Technology: Slight lift in early trade, tracking Nasdaq sentiment

Market Snapshot

  • Open: 7,968.20
  • Current: 7,986.50
  • Day’s High (so far): 7,992.90
  • Low: 7,968.20
  • Previous Close: 7,968.20

Who Will Be Affected

  • Retail investors in ASX-listed shares and ETFs
  • Commodity and banking stockholders
  • Global investors with exposure to Australian markets
  • Superannuation and fund managers tracking index trends

What This Means for You

The ASX 200’s higher open is a positive signal for investors looking for stability and growth in the region. Momentum traders and long-term investors alike may benefit from gains in key sectors, particularly if global cues remain supportive.


What Happens Next

Investors will focus on:

  • Upcoming corporate earnings announcements
  • Commodity price trends and China demand signals
  • RBA commentary or economic data due later this week

Early gains may hold if volume supports trend continuation, particularly in mining and banking stocks.


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