ASX 200 rises 0.4% on Monday 25 January 2021

The S&P/ASX 200 Index (ASX: XJO) went up by 0.4% today to 6,825 points.

Here are some of the highlights from the ASX:

Resource shares go higher

One of the top five performers today in the ASX 200 was the Fortescue Metals Group Limited (ASX: FMG) share price in reaction to the profit update at the end of last week when it said that FY21 half-year profit is expected to be in the range of US$4 billion to US$4.1 billion. It also said that preliminary accounts showed it made a net profit after tax of US$940 million in December 2020 alone.

The disclosure came about after Fortescue’s chairman and founder gave a speech, which included plans of Fortescue to become a leader in ‘green hydrogen’ and it’s trying to see if it can make…