Australian shares settled 2.4% higher on Thursday, driven by gains in energy and financial stocks, and posted their first monthly gain in three.
The S&P/ASX 200 index <.AXJO> rose 2.4% to 5,522.4, closing April nearly 9% higher after two consecutive months of falls. Last month, it slumped more than 21%.
"The market is hoping to move towards normality as virus restrictions ease... and people don't want to miss out cashing in on a historic opportunity," said Henry Jennings, senior analyst at Marcus Today Financial.
The New Zealand benchmark <.NZ50> fell 1.3% to 10,532.07 but ended the month 7.5% higher, also its first monthly gain in three.
In Australia, energy stocks <.AXEJ> outperformed all other sectors on the back of a jump in crude oil prices. Worley Ltd <WOR.AX> led the gains with a jump of 17.34%, while Oil Search <OSH.AX> climbed 10.51%.
Brent crude <LCOc1> futures rose 6.52% to $24.01 a barrel, while U.S. West Texas Intermediate (WTI) crude <CLc1> gained 11% to $16.72 per barrel. [O/R]
Financial stocks <.AXFJ> rose nearly 3%, led by a surge in IOOF Holdings <IFL.AX> as the financial services company reported a strong growth in funds under management, advice and administration.
The "big four" banks rose between 1.4% and 4.1%, with Australia and New Zealand Banking Group <ANZ.AX> adding 1.4% even after the lender posted an almost two-thirds plunge in first-half profit and deferred its interim dividend decision.
AP Eagers <APE.AX> was the top percentage gainer on the benchmark index as the automotive retailer continued to implement cost-saving measures to weather the coronavirus-induced downturn.
Miners <.AXMM> also advanced as firmer commodity prices lent support. Heavyweight Fortescue Metals Group <FMG.AX> surged more than 4% after the company hiked its annual iron ore shipments forecast and reported a rise in third-quarter shipments. [GOL/] [IRONORE/]
Miners were also helped by "respectable" PMI data from Australia's largest trading partner, China, Jennings said.
GRAPHIC: ASX 200 and the coronavirus crisis https://fingfx.thomsonreuters.com/gfx/mkt/jbyvrjrmdve/ASX%20200%20and%20the%20coronavirus%20crisis.PNG
(Reporting by Soumyajit Saha in Bengaluru; Additional reporting by Nikhil Nainan, Editing by Subhranshu Sahu)
