CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Australian equities rise ahead of Christmas Eve early close

By Mensholong Lepcha

02:07, 24 December 2021

Australian securities stock exchange in Sydney
Australian securities stock exchange in Sydney – Photo: Shutterstock

Most Asia-Pacific markets were trading in the green on Friday with markets in Hong Kong and Australia set for an early close for Christmas Eve.

Australian benchmark S&P/ASX 200 index rose for the fourth straight day, up 0.6% to 7,432. The index was on track for its highest close in over a month.

Technology stocks in Australia rebounded from the previous session’s losses with the S&P/ASX All Technology index up 1% by Friday afternoon.

AMP top gainer in Australia

Melbourne-based wealth manager AMP was the top gainer in Australia, up 6.9%, after announcing an AUD428m ($309.6m) sale of its infrastructure debt platform to Ares Holdings.

Australian mining and energy sectors gained 0.7% each on Friday as lithium miner Pilbara Minerals rose 4.8% and natural gas company Santos climbed 1.5%.

Gold

2,072.25 Price
+1.760% 1D Chg, %
Long position overnight fee -0.0193%
Short position overnight fee 0.0111%
Overnight fee time 22:00 (UTC)
Spread 0.30

XRP/USD

0.63 Price
+0.060% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168

BTC/USD

39,777.80 Price
+0.260% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00

Oil - Crude

74.50 Price
-1.560% 1D Chg, %
Long position overnight fee -0.0136%
Short position overnight fee -0.0083%
Overnight fee time 22:00 (UTC)
Spread 0.040

Elsewhere, Hong Kong’s Hang Seng index inched 0.4% higher to 23268 on Friday morning. The Hong Kong market will be closed for the afternoon session on Friday.

What is your sentiment on HK50?

16908.5
Bullish
or
Bearish
Vote to see Traders sentiment!

JD.com recovers from Thursday’s slump

Casino operator Sands China was the biggest intraday percentage gainer on the Hong Kong benchmark on Friday, up 2.8%. Real estate company CK Asset Holdings came in second with a gain of 2%.

E-commerce site JD.com recovered about 1.4% from the previous session’s hefty losses following Tencent’s $16bn give-away of JD.com shares to its shareholders via a special dividend. Tencent Holdings extended gains by 0.8% on Friday.

Markets in Japan will operate at normal trading hours on Christmas Eve. Benchmark Nikkei 225 index added 0.1% in the morning session on Friday. The index was on track to post its third straight weekly gain.

Read more : Chinese metaverse stocks rise on Xinhua NFT drop

Markets in this article

AU200
Australia 200
7141.0 USD
73 +1.030%
AU200
Australia 200
7141.0 USD
73 +1.030%
AU200
Australia 200
7141.0 USD
73 +1.030%
AU200
Australia 200
7141.0 USD
73 +1.030%
AU200
Australia 200
7141.0 USD
73 +1.030%

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading