ASX Round-Up: Aussie Stocks Inch Up Friday Following Modest Performance This Week

The Australian Securities Exchange closed at 5,486.80 points on Friday, up 22.40 points from the previous session. The Australian sharemarket was in positive territory on Friday, but shares declined generally over the week because of domestic economic data, according to The Sydney Morning Herald.

“Most international sharemarkets retreated over the last week on worries that problems at some European banks might spark a return of its debt crisis and nervousness about a possible correction in the US,” said Shane Oliver, AMP Capital head of investment strategy and chief economist.

Evolution FPO (ASX:EVN), an Australian-based gold, silver and copper mining company, rose by $0.05, or 5.45 percent, to close at $0.87, while Mineral Resources (ASX:MIN), an integrated goods and services to the mining sector, saw a price increase of $0.51, or 5.06 percent, to reach $10.59. Mining market focused explosives and blasting systems supplier Orica (ASX:ORI) also rose on the ASX, gaining $0.53, or 2.60 percent, to reach $20.95.

Not faring so well was oil and gas exploration company Buru Energy (ASX:BRU) who saw its share price decline by $0.07, or 6.10 percent, to close at $1.00. Lynas Corporation (ASX:LYC) also fell by $0.01, or 3.70 percent, to close at $0.13, while Western Areas (ASX:WSA) dropped $0.14, or 2.75 percent, finishing at $4.96.

Get the Latest Resource Investing Stock Information

Get the latest information about companies associated with Resource Investing delivered directly to your inbox.

Agriculture
+ see more
Copper
+ see more
Gold Bullion
Gold Production/Mining
+ see more
Gold Project Generators
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA
Graphite Production/Mining
Graphite Prospecting and Exploration
Graphite Resource Definition/Pre Feasibility
Graphite Resource Expansion/Feasibility Study/PEA
Molybdenum
Silver $0-15m
Silver $15-50m
Other Companies
+ see more

Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply