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S&P/ASX 200 gets off to a positive start for the week; gains 1.3%

Archer Materials closed 41.5% higher at 46 cents while Trigg Mining gained about 26% to close at 8.2 cents.

Archer Materials Ltd - S&P/ASX 200 gets off to a positive start for the week; up 1.3%
The Aussie dollar has gained against the greenback and is buying 65.5 US cents

S&P/ASX 200 (INDEXASX:XJO) gained 70 points or 1.3% to 5461 as the state governments ease lockdown restrictions and the US futures also pointing higher.

The ASX enjoyed positive sentiment as most Asian markets rose and Australia reported just 12 new COVID-19 cases across the country.

The hopes of governments around the world easing restrictions and allowing for economies to re-open is keeping market sentiment buoyant.

Broad-based gains

Gains were broad-based with every sector improving with the energy, industrials, property and technology sectors leading the way.

Archer Materials Ltd (ASX:AXE) closed 41.5% higher at 46 cents while Trigg Mining Ltd (ASX:TMG) gained about 26% to 8.2 cents.

Other stocks which made gains for the day include Technology Metals Australia Ltd (ASX:TMT) up 13%, Euro Manganese Inc (ASX:EMN) gaining 10%, Salt Lake Potash Ltd (ASX:SO4) up 6% and Kingston Resources Ltd (ASX:KSN) closing 3% higher.

The major banks made significant contributions to the broader advances. Three of the big four improved with only National Bank (ASX:NAB) lower.

Aussie dollar strengthens

The Aussie dollar has gained against the greenback and is buying 65.5 US cents.

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