Business
Uplift in mining and energy stocks causes 5-day trading high – NEWS.com.au
Mining and energy stocks have surged after one of Australia’s major iron ore rivals cut its production expectations, lifting the sharemarket to a five-day high.
Mining and energy stocks have surged after one of Australias major iron ore rivals cut its production expectations, lifting the sharemarket to a five-day high.The benchmark S&P/ASX200 index ended the session up 0.4 per cent, or 25 points, to 6615, off the back of strong gains among commodity and energy stocks.
The broader All Ordinaries index finished up 0.5 per cent, or 36 points to 6847.3, while the Australian dollar was down 0.1 per cent to 74.08 US cents at the end of the session.
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