ASX Round-Up: ASX Closes at 5,276.7 Points, Finishes Week 1 Percent Ahead

The Australian Securities Exchange (ASX) closed down today, falling to 5,276.7 points, 0.36 percent down from the previous day’s close.

Trading today was fairly quiet and cautious as investors wound down from the excitement of the US Federal Reserve’s announcement that it will not make cuts to its stimulus program. However, despite today’s drop, the ASX is actually up 1 percent for the week, The Sydney Morning Herald reported. That means the exchange has now gained for six consecutive weeks.

Origin Energy (ASX:ORG) saw the biggest gains on the ASX today. The energy exploration company, which holds oil and gas properties, increased $0.38, or 2.7 percent, to reach $14.45.

However, Arrium (ASX:ARI), an international mining and materials company focused on iron ore production, lost $0.065, or 5 percent, hitting $1.24. Atlas Iron (ASX:AGO), an iron ore exploration company, also fell, dropping $0.025, or nearly 3 percent, to $0.83. Alumina (ASX:AWC), a bauxite mining and alumina refining company, dropped $0.025, or 2.35 percent, to $1.04.