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The Australian Securities Exchange was up 8.2 points on July 12, at 4,973.885 —a rise of 0.2 percent.
The Australian Securities Exchange (ASX) was up July 12 8.2 points to 4,973.885 – a rise of 0.2 percent. The market hit a high of 5,012.50 points and a low of 4,965.70 points. The ASX has risen steadily everyday this week, starting July 8 off at 4,809.53 points, The Sydney Morning Herald reported.
Newcrest Mining Limited (ASX:NCM) was a top riser on the ASX today, gaining $0.99 to hit $12.089. The Australian-based company explores, mines and sells gold and gold-copper concentrate. Another top mover was PanAust Limited (ASX:PNA), a mining and mineral exploration company that concentrated on the production and sale of copper-gold concentrate, rose $0.90 to hit $1.989.
Lynas Corporation (ASX:LYC), however, experienced losses on the ASX. The rare earth mineral exploration company fell $0.020 to $0.445.
The Australian reported the ASX saw a 2.7 percent gain this week but closed at a relatively flat level today. Pro-stimulus signals from the U.S. Federal Reserves encouraged investors who had feared poor growth data from China would negatively impact the market.