The ASX 200 has lifted for the second consecutive day, up by 0.39% today.

Energy and Mining sectors led, both up by over 2%.

In Energy, Woodside Petroleum (ASX:WPL), Oil Search (ASX:OSH), and Santos (ASX:STO), were all higher by around 2%.

In the Mining sector, Fortescue Metals (ASX:FMG) was the best performer, up by 4.3%. The FMG share price has fallen by 20% over the past month on soft iron ore prices.

The broader market was buoyed by the news that embattled Chinese developer, Evergrande, will make its bond coupon payments due tomorrow.

The Chinese central bank has also provided liquidity to the market by pumping additional funds into the financial system.

The earthquake reported in Melbourne this morning has pushed down insurers, with Insurance Australia (ASX:IAG) and Suncorp (ASX:SUN) both retreating 2%.

 

BIG CAP WINNERS

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Pharmaceutical distributor Ebos Group (ASX:EBO) rose 10% after announcing the appointment of Julie Dillon as its new CEO Animal Care, with effect from 1 November.

Dillon joins EBOS following more than 25 years with Colgate-Palmolive where she gained broad experience as a leader across general management, brand marketing, digital, strategy and innovation.

Buy-now-pay-later company Zip Co (AS:Z1P) rose by nearly 5% after making an investment in ZestMoney, a BNPL operator in India which boasts 11 million registered users, 10,000 merchants and a presence of over 75,000 physical stores.

The metals and electronics recycling company Sims Limited (ASX:SGM), and engineering firm Worley (ASX:WOR) both rose by 6% on no news.

BIG CAP LOSERS

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