ASX not fazed by Trump’s claims of election fraud, up 0.8%

Australia’s S&P/ASX 200 share index added 0.8% today, up to 6190.20 points, as Trump in a press release made bold claims of election fraud and foul play. 

This marks the best close in nearly three weeks as gold stocks benefited heavily off a rebound in the gold spot, settling around 1940 USD per ounce. Consequently, Newcrest Mining (NCM) was up 3.54% today off 4.2m shares traded.

Blackmores (BKL) was also in on the action, up 1.93% on close. While Tabcorp (TAH) added a monstrous 15.8% as a statement from chairman, Paula Dwyer, put allegations of a potential takeover bid to rest.

Gainers and Losers

The biggest gainers on Friday were:

  • Tabcorp +15.8%
  • News Corp +13.7%
  • Treasury Wines +9.9%
  • Resolute +9%
  • Ramelius +8.3%

The biggest declines were:

  • Nine Entertainment -3%
  • CSR Ltd -3%
  • Afterpay -2.7%
  • Cromwell Property -2.6%
  • GWA Group -2.5%

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This article does not take into account the investment objectives, financial situation or needs of a particular person or entity. Before acting on any investment strategy or advice you should first consult with your current ASIC accredited investment professional or seek out a compliant investment professional for such.