The S&P/ASX 200 gained 0.69 percent on Friday to recover from Thursday’s losses and close the week at 5,919.9.
The S&P/ASX 200 (INDEXASX:XJO) gained 0.69 percent on Friday to recover from Thursday’s losses and close the week at 5,919.9, according to The Sydney Morning Herald.
“The market’s down for the week and that was really driven by the release of that durable goods number in the United States,” Alistair McCorquodale, a private client adviser at Morgans, told the news outlet. “With the release of that number we saw US markets move towards thinking, well, how is the US market actually performing?”
Highlights among the small-cap stocks include Minera Gold (ASX:MIZ), which was trading Friday at $0.002. The mining and processing company operates projects in Peru and Brazil. Eclipse Metals (ASX:EPM) posted the second-highest gain for the day, with its share price hitting $0.005 for a 66.6-percent improvement. On March 26, officials from Eclipse announced the results of exploration at the Mary Valley manganese project in Queensland.
The day’s biggest loss hit GB Energy (ASX:GBX). The South Australian exploration company’s share price was trading at $0.002 following a 50-percent dip. Mount Burgess Mining, which develops zinc, lead, silver and diamond projects, matched those losses, dropping 50 percent to $0.003.
(March 20, 2015)
ASX Round-Up: Gains Push Market to 5,975.5
The S&P/ASX 200 finished the week strong with a 0.42-percent gain on Friday to close at 5,975.5, according to The Sydney Morning Herald. The market improved amid new economic predictions from the US Federal Reserve.
The gains put the market close to the 6,000-point mark, which it hasn’t passed since 2008. Bill Chatterton, a senior client advisor at Morgans, is optimistic about breaking the barrier and told the news outlet, “we’re 30 points away. If we have a reasonably good week, yes we can.”
South African coal producer Continental Coal (ASX:CCC) experienced the day’s biggest decline — its share price fell 50 percent to end at $0.001. Meanwhile, Augur Resources’ (ASX:AUK) share price slid 33.33 percent to close at 0.01 for the day’s second-largest drop.
(March 13, 2015)
ASX Round-Up: Big Gains for Ark Mines and Orca Energy
The S&P/ASX 200 fell 0.61 percent on Friday to hit 5,788, according to The Sydney Morning Herald. That is the second week in a row the market has seen losses, closing last week at 5,898.9.
“The market’s down for the week with back-to-back losses,” Chris Weston, IG markets dealer, told the news outlet. “The underlying commodity structure is looking quite weak and if you look at the dynamics in China we’re seeing some fairly bearish undertones.”
The biggest gainer on the exchange for the day was Ark Mines (ASX:AHK), which saw an increase of 185.71 percent to reach $0.04. Ark Mines is a Sydney-based exploration company with five projects in the Lachlan Fold Belt, located in New South Wales. Orca Energy (ASX:OGY) also saw big gains for the day, climbing 100 percent to reach $0.01. The company is currently focused on its Copper Basin permits in Australia and on the Seabiscuit project in Matagorda County, Texas.
Minera Gold (ASX:MIZ) was the biggest loser for the day, dropping 25 percent to close at $0.001. Minera Gold is an international mining processing company that owns and operates a gold and copper toll processing plant in Peru; it also holds producing mines. Newera Resources (ASX:NRU) also saw a significant drop, falling 25 percent to hit $0.001. The company is a Western Australia-based resource explorer and developer, and its Plomosas project is under due diligence.