Business
Do ASX mining companies carry the Australian share market? // The Motley Fool Australia
The All Ordinaries Index (ASX: XAO) has been having a pretty flat week. Upon today’s opening, the ASX commented that, “Over the last five days, the index has gained 1.59%, but is virtually unchanged over the last 52 weeks.”
While the All Ords plods along, one sector that seems to be on the rise is the Materials sector having gained around 2.5% over the past month.
On Tuesday, the Australian Financial Review noted that while the market closed slightly lower, Silver Lake Resources Limited (ASX: SLR), Newcrest Mining Ltd (ASX: NCM), Lynas Rare Earths Ltd (ASX: LYC), Westgold Resources Ltd (ASX: WGX) and Ramelius Resources Limited (ASX: RMS) had all posted nice gains for the day.
During times likes this when most other…
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