ASX Round-Up: Lynas, Paladin Energy and Regis Resources Climb

- June 27th, 2014

The Australian Securities Exchange had a good week overall due to positive Australian jobs data and signs that Chinese manufacturing is increasing.

The Australian Securities Exchange (ASX) closed at 5,445.1 points today, down 19.2 points from the previous session. Shares decreased slightly today, but according to The Sydney Morning Herald, the exchange had a good week overall due to positive Australian jobs data and signs that Chinese manufacturing is increasing.

Performing positively today was well-known rare earths company Lynas Corporation (ASX:LYC), which rose by $0.01, or 3.7 percent, closing at $0.14. Similarly, Paladin Energy (ASX:PDN), which mines for uranium in Africa, rose today by $0.01, or 3.39 percent, reaching $0.31. Regis Resources (ASX:RRL), whose focus is on gold in Western Australia, rose by $0.04, or 2.5 percent, to finish at $1.64.

Not faring so well was iron-focused Mount Gibson Iron (ASX:MGX), which today declined by $0.03, or 4.03 percent, to reach $0.72. Iluka Resources (ASX:ILU), a producer of zircon and titanium oxide products, also sank, falling by $0.23, or 2.72 percent, to close at $8.22. Finally, BlueScope Steel (ASX:BSL), which produces flat steel for Australia, New Zealand and the United States, fell by $0.15, or 2.66 percent, to reach $5.48.

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