Market Close 08 Apr 26: ASX soars on Iran ceasefire

The Aussie share market jumped 2.6% today, its best day in about a year, after the US and Iran agreed to a two-week ceasefire. Energy stocks led losses with Woodside down 10.5% as oil prices plunged 17%. Technology stocks rebounded strongly, up over 7%, while gold miners surged as the precious metal gained 5%. Defensive sectors like utilities and consumer staples underperformed as war concerns eased. Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.