ASX Round-Up: Buru Energy and Santos Take the Lead

- August 22nd, 2014

Buru Energy, Santos and Iluka Resources fared well on the Australian Securities Exchange today.

Today, the Australian Securities Exchange (ASX) closed at 5,645.6 points, rising 6.7 points from the session prior.

Company reporting this past month “has provided enough good news to drive Australian shares up over seven consecutive sessions to a fresh six-year high,” according to The Sydney Morning Herald, and several major Australian companies have expressed optimism that their businesses will grow in the next part of the year.

Faring well today was Buru Energy (ASX:BRU), a company that explores for oil and gas in Western Australia. Its share price increased by $0.05, or 5.56 percent, to reach $0.85. Another energy company, Santos (ASX:STO), saw its share price rise by $0.57, or 3.91 percent, reaching $15.16. Meanwhile, shares of Iluka Resources (ASX:ILU), a mineral sands exploration, development and operations company, rose by $0.29, or 3.38 percent, to reach $8.88.

On the flip side, the share price of Atlas Iron (ASX:AGO), an Australian iron ore company working in the Philippines, fell by $0.06, or 8.03 percent, hitting $0.63. Similarly, Mount Gibson Iron’s (ASX:MGX) share price lost $0.04, or 4.7 percent, reaching $0.71. Finally, Arrium’s (ASX:ARI) share price sank by $0.04, or 4.07 percent, to reach $0.83 per share. Arrium mines for metals in Australia and elsewhere.

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