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.