ASX Round-Up: Market Down for the Week at 5,299.2 Points

- January 16th, 2015

The S&P/ASX 200 dropped 0.6 percent, or 32.2 points, to 5,299.2 points on Friday.

The S&P/ASX 200 (INDEXASX:XJO) dropped 0.6 percent, or 32.2 points, to 5,299.2 points on Friday for a weekly fall of 3 percent, reports The Sydney Morning Herald. The decline came after five days of losses for the market.

“Everyone is looking for upsides,” Tristan K’Nell, Quay Equities’ head of trading, told the Herald. “We are copping an absolute pasting with commodities. Hopefully tonight will be good with Goldman Sachs US reporting which could spark things better.”

The top gainer on the market on Friday was Triangle Energy (ASX:TEG), which gained 100 percent to trade at $0.002. Triangle produces and explores for gas. Other gainers include Crossland Metals (ASX:CUX), a rare earth exploration and mining company that rose 66.67 percent to trade at $0.01. Tiaro Coal (ASX:TCM), a coal exploration and development company, gained 60 percent to trade at $0.008.

By contrast, graphite explorer Discovery Africa (ASX:DAF) lost 50 percent to trade at $0.005 on Friday. Other companies that lost include Zamia Metals (ASX:ZGM), an Australian mineral exploration company, which fell 50 percent to trade at $0.004.

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