Gains on ASX as iron ore prices soar

It was a green day for the ASX today despite predictions from a number of analysts following the US Presidential debate. The ASX200 rose 57 points to close up 1% for the day as strong iron ore prices and a sturdy day on Wall St fueled this rise.

BHP closed up 1.94% for the day, clearly benefiting from the higher bulk metal prices while Rio Tinto gained 1.14%. 

Gainers and Losers

The biggest gainers on Thursday were:

  • ASM +19.91%
  • RWC +10.47%
  • AKP +8.29%
  • PAR +7.92%
  • NTO +7.25%

The biggest declines were:

  • OGC -9.32%
  • MCP -4.28%
  • MEZ -3.93%
  • IMR -3.08%
  • CHN -3.07%

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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.