ASX Round-Up: ASX Finishes Week at 5,464 Points on News from ECB

The Australian Securities Exchange (ASX) closed at 5,464 points today, up 27.1 points from the previous session. The Australian share market did well after the European Central Bank’s (ECB) announcement that it will continue its monetary easing policies, The Sydney Morning Herald reported. Now, many are waiting to see if the bank will begin a full-scale quantitative easing policy.

The mining industry also fared well today. Australian gold mining company Evolution Mining (ASX:EVN) was the market’s top gainer, rising by $0.06, or 7.43 percent, to $0.80. Meanwhile, Australia- and Brazil-focued Beadell Resources (ASX:BDR) rose by $0.03, or 4.92 percent, to close at $0.64. Resolute Mining (ASX:RSG), which engages in mining, prospecting and exploring for minerals in Africa and Australia, rose by $0.03, or 4.35 percent, to close at $0.60.

Not faring so well was Lynas Corporation (ASX:LYC). The well-known rare earths company fell $0.01, or 6.45 percent, to close at $0.15. Atlas Iron (ASX:AGO) lost $0.20, or 2.92 percent, hitting $0.67, while Fortescue Metals (ASX:FMG), which is also focused on iron, fell by $0.13, or 2.8 percent, to finish the week at $4.52.

Get the Latest Resource Investing Stock Information

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

+ see more
+ 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
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.


Leave a Reply