The Conversation (0)
ASX Round-Up: Evolution Mining, Bluescope Steel Post Top Gains
Sep. 12, 2014 11:00AM PST
Resource InvestingThe S&P/ASX 200 fell 1.2 percent this week, but Bluescope Steel and Evolution Mining managed to post gains today.
The S&P/ASX 200 (INDEXASX:XJO) fell 1.2 percent to close at 5,531.1 points this week, according to The Sydney Morning Herald. Australian shares, the local currency and the iron ore price all dropped, with the index posting its third weekly loss.
That said, some companies in the mining space fared well on the ASX today. For instance, Bluescope Steel (ASX:BSL), which has more than 100 facilities in 17 countries, gained 4.21 percent, or $0.23, to close at $5.69 per share. Similarly, Australian gold producer Evolution Mining (ASX:CAH) also gained, rising 3.03 percent, or $0.02, to trade at $0.68.
On the flip side, Buru Energy (ASX:BRU), which explores for oil and gas in Western Australia, lost 4.07 percent, or $0.035, to trade at $0.825, while Karoon Gas Australia (ASX:KAR) dropped 2.85 percent, or $0.11, closing at $3.75. Karoon is a global oil and gas exploration company working in Australia, Brazil and Peru.