Business
ASX limps to fourth straight monthly gain – The Australian Financial Review
The worst day for shares in more than a month was not enough to hold back the Australian sharemarket’s winning streak which stands unbroken since exiting bear market territory.
The major iron ore miners were among the market’s best performers last month, with the price of iron ore rising 12 per cent through July to trade above $US100 a tonne.
Fortescue Metals Group advanced 25.7 per cent to $17.41, Rio Tinto firmed 4.1 per cent to $102.00 and BHP Group rose 2.6 per cent to $36.75. Mineral Resources added 21.6 per cent to $25.74.
But on Friday, BHP fell 2.9 per cent to $36.75 and Rio Tinto lost 2.4 per cent to $61.04.
The surging gold price also supported the major g…
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