ASX edges up 0.1% on a relatively flat day
Australia’s S&P/ASX 200 share index nudged up 0.1% to 6191.80 points as energy and the banks perform strongly.
Woodside Petroleum (WPL) was one of the few that greatly outperformed the market, gaining 1.59%. NAB was also in on the action, increasing 1.62%, the largest of the four banks.
Gold is once again creeping up, edging over $1915 per ounce, making the prospect of investing in companies with a gold exposure increasingly more attractive as expectations of further stimulus rise.
Gainers and Losers
The biggest gainers on Wednesday were:
- ORA +7.97%
- WHC +5.34%
- SFR +4.55%
- IEL +4.42%
- GEM +4.33%
The biggest declines were:
- MP1 -13.16%
- MSB -4.41%
- GNC -4.00%
- AVH -3.98%
- NAN -2.47%
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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.