Business
Why BHP, Cann, Nick Scali, & Ramelius shares are pushing higher
In late morning trade the S&P/ASX 200 Index (ASX: XJO) is off its lows but still in the red. At the time of writing, the benchmark index is down 0.3% to 6,665.1 points.
Four shares that have not let that hold them back are listed below. Here’s why they are pushing higher:
The BHP share price is up 2.5% to $44.13. Investors have been buying the mining giant’s shares on Tuesday after the iron ore price climbed higher. According to Metal Bulletin, seaborne prices climbed due to firm demand in steel and positive sentiment after the New Year holiday. The 62% fines iron ore price rose 3% to US$165.29 per tonne.
The Cann share price has climbed over 3% to 62 cents. This follows the an announcement of a supply order in Europe. Cann…
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