ASX Round-Up: ASX Hits 4,973.885 Points Today

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.