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Highlights
- The benchmark index was down 0.710% at 7155.100 points at 12:03 PM AEST today.
- The S&P/ASX 200 Materials (Sector) XMJ was up 0.081% at 18112.900 points at 10:45 AM AEST.
The Australian share market started today's trade on a lower note as investors feared a rate hike in the RBA meeting to be held today (June 7). The benchmark index fell 0.710% at 7155.100 points at 12:03 PM AEST as ten of 11 sectors traded in the red. Materials was the best performing sector and it seems that the recent rise in iron ore prices have pushed the materials sector higher. The S&P/ASX 200 Materials (Sector) XMJ was up 0.081% at 18112.900 points at 10:45 AM AEST.
Dalian iron ore futures jumped to a 10-month high on Monday as shrinking stocks of the steelmaking ingredient at Chinese ports added fuel to a rally stimulated by a positive development around demand in the world's top steel producer.
Though today has been a bad day for the Australian equities and most sectors, the day has been good for the Australian miners. In this context, let us look at today's share market performance and the last one-year performance of ASX-listed major mining companies. In this article we will talk about four ASX-listed mining stocks - BHP Group Limited (ASX:BHP), South32 Ltd (ASX:S32), Fortescue Metals Group Limited (ASX:FMG), and Rio Tinto (ASX:RIO).
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BHP Group Limited (ASX:BHP)
BHP shares traded 0.237% higher at AU$46.450 per share on ASX at 12:28 PM AEST today. BHP Group Limited is an ASX-listed metal and petroleum company engaged in the exploration and development of iron ore and other metals such as Nickel, Copper, etc.
In the last one year, the share price of BHP Group Limited has fallen almost 4.91%, while the stock is up 9.60% year-to-date (YTD). The company has a market capitalisation of AU$234.58 billion. Recently, the company completed the merger of its oil and gas portfolio with Woodside Energy Group Limited by an all-stock merger.
Read More: GQG Partners’ (ASX:GQG) FUM goes up 4.6% in May, shares gain
South32 Ltd (ASX:S32)
South32 Ltd's share price traded 0.297% higher at AU$5.055 per share on ASX at 12:37 PM AEST today. South32 Ltd is an ASX-listed metals and mining company involved in the production of commodities like bauxite, copper, silver, alumina, aluminium, lead, zinc, nickel, and metallurgical coal from operations in Australia, Southern Africa and South America. The company has a market capitalisation of AU$23.36 billion. In the last one year, South32 shares have gained nearly 68.33%, while the stock is up almost 24.08% on YTD.
Fortescue Metals Group Limited (ASX:FMG)
The shares of ASX-listed iron ore company Fortescue Metals Group Limited was trading 0.700% lower at AU$21.250 per share on ASX at 12:52 PM AEST. The company has a market capitalisation of AU$65.88 billion. Fortescue shares have fallen almost 6.18% in the last 12 months, while the stock is nearly up 7.05% on YTD.
Rio Tinto (ASX:RIO)
The shares of world's leading iron ore mining giant Rio Tinto traded 0.427% higher at AU$116.265 per share on ASX at 1:02 PM AEST. The company has a market capitalisation of AU$42.97 billion. In the last one year, Rio Tinto shares have fallen 7.23%, while the stock is up almost 16.63% YTD.
Read More: ASX 200 falls nearly 0.60% as banks drag ahead of RBA’s rate decision
