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.