Gold stocks push Australian shares higher; HMC Capital hits record peak
Nov 21 (Reuters) -Australian shares rose on Thursday, led by gold and healthcare stocks, while HMC Capital hit a record high after the investment manager launched a new digital infrastructure trust in a A$2.75 billion ($1.79 billion) initial public offering.
The S&P/ASX 200 index .AXJO was up 0.4% at 8,356.7, as of 2332 GMT. The benchmark closed 0.6% lower on Wednesday.
HMC Capital HMC.AX launched DigiCo REIT, a new digital infrastructure real estate trust focused on data centres, in the country's largest initial public offering of 2024.
Shares of the company rose as much as 2.2% to an all-time high of A$11.99.
Among sub-indexes, gold stocks .AXGD climbed as much as 1.1% on strong bullion prices and were on track for a fifth consecutive session of gains. GOL/
Gold miner Northern Star Resources NST.AX gained as much as 2.1% to hit a two-week high.
Rate-sensitive financials .AXFJ climbed 0.6%, with the "Big Four" banks rising between 0.3% and 1.1%.
Healthcare stocks .AXHJ advanced 0.7%. Shares of biotech giant CSL CSL.AX rose as much as 0.9%.
Energy stocks .AXEJ gained as much as 0.8% even after oil prices settled lower on Wednesday. Sector majors Woodside Energy WDS.AX and Santos STO.AX edged higher by 1% and 0.6%, respectively.O/R
Overnight, the U.S. Dow Jones Industrial Average .DJI rose 0.32%. The S&P 500 .SPX ended flat, while the Nasdaq .IXIC lost 0.11%.
In New Zealand, the benchmark S&P/NZX 50 index .NZ50 was up 0.6% at 12,809.6.
($1 = 1.5363 Australian dollars)
Reporting by Sherin Sunny in Bengaluru; Editing by Subhranshu Sahu
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