Today, the Australian Securities Exchange (ASX) closed at 5,492.5 points, down 25.4 points from the previous session.
The Sydney Morning Herald notes that while the Australian share market was down 30 points this week, it enjoyed a small gain for the month. Equity markets did well, but the energy sector performed the best out of any other industry, gaining 3 percent.
Performing well this week was Resolute Mining (ASX:RSG), a company that is involved in gold mining, prospecting and mineral exploration. It rose by $0.02, or 3.48 percent, closing at $0.595. Australian exploration company Sirius Resources (ASX:SIR) also fared well, rising $0.08, or 2.58 percent, to finish the week at $3.18. Finally, Beadell Resources (ASX:BDR) closed up $0.015, or 2.33 percent, to finish at $0.66.
Among the week’s top losers was rare earths-focused Lynas Corporation (ASX:LYC). It closed down $0.03, or 17.65 percent, to end at $0.14. Atlas Iron (ASX:AGO) also took a fall, sinking $0.035, or 4.86 percent, to $0.685. Meanwhile, Mineral Resources (ASX:MIN), which provides goods and services to mining companies, dropped $0.48 to reach $10.21.
|Get the top stories on resource investing FREE! Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.|