New 11-month high achieved to resemble pre-covid levels

Australia’s S&P/ASX 200 share index was up 0.60% today as the market continues to rally back towards pre-covid levels, consequently reaching a new 11-month high at 6,880.70 points.

The mining sector capitalized on this with BHP up 2.37% and Rio Tinto (RIO) adding 3.42%. Newcrest Mining (NCM) was also up 1.37% for the day.

Commonwealth Bank (CBA) bucked the trend, being the only major bank falling in price, finishing narrowly down for the day. 

Gainers and Losers

The biggest gainers on Monday were:

  • Zip Co +12.9%
  • Vocus Group 12.8%
  • Lynas Rare Earth +7.1%
  • Mineral Resources +5.6%
  • Iluka Resources +4.9%

The biggest declines were:

  • Origin Energy -3.5%
  • URW -3.2%
  • Omni Bridgeway -3.2%
  • News Corp -3%
  • Nearmap -2.9%

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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.