ASX Round-Up: Aussie Stocks Inch Up Friday Following Modest Performance This Week

- July 11th, 2014

The Australian Securities Exchange closed at 5,486.80 points on Friday, up 22.40 points from the previous session.

The Australian Securities Exchange closed at 5,486.80 points on Friday, up 22.40 points from the previous session. The Australian sharemarket was in positive territory on Friday, but shares declined generally over the week because of domestic economic data, according to The Sydney Morning Herald.

“Most international sharemarkets retreated over the last week on worries that problems at some European banks might spark a return of its debt crisis and nervousness about a possible correction in the US,” said Shane Oliver, AMP Capital head of investment strategy and chief economist.

Evolution FPO (ASX:EVN), an Australian-based gold, silver and copper mining company, rose by $0.05, or 5.45 percent, to close at $0.87, while Mineral Resources (ASX:MIN), an integrated goods and services to the mining sector, saw a price increase of $0.51, or 5.06 percent, to reach $10.59. Mining market focused explosives and blasting systems supplier Orica (ASX:ORI) also rose on the ASX, gaining $0.53, or 2.60 percent, to reach $20.95.

Not faring so well was oil and gas exploration company Buru Energy (ASX:BRU) who saw its share price decline by $0.07, or 6.10 percent, to close at $1.00. Lynas Corporation (ASX:LYC) also fell by $0.01, or 3.70 percent, to close at $0.13, while Western Areas (ASX:WSA) dropped $0.14, or 2.75 percent, finishing at $4.96.

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