Shares of Premier Investments led a rallying Australian sharemarket on Thursday as Solomon Lew’s retailer delivered shareholders a special dividend of 25¢ a share and $50 million share buyback.on sales that rose 5.2 per cent to $1.49 billion. The stock surged 14.6 per cent to $23.69.
It was immediately successful in bringing down yields on gilts and arresting the selling in the British pound. The Australian dollar recovered to a session high of US65.25¢.P 500 2 per cent to 3719 and Nasdaq 2 per cent to 11,051.6. Bitcoin was up 3.5 per cent to $US19,466.in Victoria by a decade to 2035 and placed a $20 billion estimate on its strategy to invest in renewables. AGL shares underperformed the broader market, closing flat at $6.60.
The fall in bond yields helped interest rate sensitive sectors like utilities and real estate investment trusts. Scentre Group rose 2 per cent to $2.57.Iron ore traded in Singapore rose 2.5 per cent to $US97.20 a tonne on the October futures contract. In energy markets, West Texas Intermediate futures for November fell 0.6 per cent to $US81.67 a barrel and Brent futures by the same margin to $US88.79 a barrel.
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