ASX Round-Up: Paladin, Independence Group and Alumina Enjoy Gains

The Australian Securities Exchange (ASX) closed at 5,625.9 points today, up 1.5 points from the previous session. Investors had been hoping for growth throughout August, but the month ended relatively flat, according to The Sydney Morning Herald.

“Generally, there wasn’t spectacular growth, obviously there were a few stars, in top line sales, unless there was benefit from acquisitions,” Patersons Securities strategist Tony Farnham told the news outlet.

Performing well on the ASX today was Paladin Energy (ASX:PDN), a uranium production company with projects in Australia and Africa. It rose $0.02, or 4.94 percent, to close at $0.43 per share. Similarly, Independence Group (ASX:IGO) rose $0.20, or 4.47 percent, hitting $4.67 per share. The company mines for and processes base metals in Australia.

A third mining company, Australia-based Alumina (ASX:AWC), rose by $0.05, or 3.33 percent, reaching $1.55 per share. It’s focused on mining bauxite.

On the flip side, WorleyParsons (ASX:WOR) fell by $0.64, or 3.75 percent, reaching $16.44 per share, while Australian gold, nickel and base metals mining company Sirius Resources (ASX:SIR) fell by $0.09, or 2.32 percent, to reach $3.79.

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