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%

New to investing? Read about How to keep your investment decisions simple.

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.