The real estate sector jumped over 2% at midday Thursday, leading a broad-based rally, as the S&P/ASX 200 index reached a new intraday trading record, rising 1% to reach 9,093.50 points.
Australia's seasonally adjusted unemployment rate reached 4.5% in September, compared with a revised 4.3% in August.
Stockland (ASX:SGP), which was up over 3%, maintained its group fiscal 2026 funds from operations guidance in the range of AU$0.36 to AU$0.37 per security, with a distribution of AU$0.252 per security. The company also expects the settlement of 7,500 to 8,500 masterplanned communities and 700 to 800 land lease communities in fiscal 2026.
On the flip side, the information technology sector was the only one trading in the red, shedding almost 1%.
ReadyTech Holdings (ASX:RDY) appointed Bryce Thompson as chief financial officer, effective in November. Thompson will succeed the current CFO, Nimesh Shah, who will step down effective Friday.
