ASX loses steam from morning session to close up 0.60%
The ASX200 was up as much as 1.2% today at open before retreating to a 0.6% close after investors once again poured money into the miners off the back of a strong iron ore rally.
BHP and Rio Tinto (RIO) were both up over 2% following the iron ore rally. Woolworths (WOW) and Coles (COL) also performed strongly up 1.99% and 1.5% respectively.
In the financials sector, the banks remained relatively flat for the day.
Gainers and Losers
The biggest gainers on Monday were:
- MTS +10.56%
- SGM +6.77%
- GEM +6.17%
- WHC +4.67%
- GWA +4.17%
The biggest declines were:
- IEL -4.80%
- IPH -3.77%
- ANN -3.74%
- COH -3.27%
- PRU -3.16%
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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.