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Highlights:
- The benchmark S&P/ASX200 has been incurring losses on Monday (26 September 2022).
- Sectors were mixed, as six out of eleven significant sectors were in red (as of 3:38 PM AEST).
- Energy and Materials were the worst performing sectors, down 6.06% and 4.83% respectively around the same time.
Australian share market, S&P/ASX 200, on Monday (26 September 2022) opened in red, following a major sell-off experienced by wall Street on Friday. The global stock market seems to be impacted by the concern that the monetary policy of the US Federal Reserve could pull the economies into recession.
Today, at 2:44 PM AEST, ASX 200 dropped 79.30 points to 6,495.60 points. Meanwhile, ASX 50 was 0.93% down at 6,332.60 points.
Sectors are mixed today as six out of eleven significant sectors were in red along with the ASX 200 index. Energy and Materials were the worst performing sectors, shedding 6.06% and 4.83% respectively. Health Care was the top performing sector with a surge of 2.58% (as of 3:38 PM AEST).
The materials sector has lost 1,822.10 points in a month, and it has dropped 21.21% in six months. On a year-to-date basis, it has fallen by 14.58%.
In this article, we at Kalkine Media® are discussing how the shares of BHP Group Limited, Fortescue Metals Group Ltd, Rio Tinto Limited, Newcrest Mining Limited and Mineral Resources Limited are performing on ASX today.
BHP Group Limited (ASX:BHP)
BHP is a materials company which explores, produces and processes minerals like manganese ore, copper, iron ore and coal. The group is also engaged in hydrocarbon refining, production and exploration.
The company operates in more than 90 locations.
Today, following the broader market movement, the share price of BHP recorded a fall of 4.69% and traded at AU$36.38 per share at 2:03 PM AEST.
Including today’s share price movement, BHP's share price has dropped nearly 15% in a month and 28.52% in the last six months. The yearly fall is 3.50%, and on a year-to-date basis, it fell by 14.11%. The miner has recorded a rise of 41.9% in the last five years.
Fortescue Metals Group Limited (ASX:FMG)
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Image source: © Transversospinales | Megapixl.com
Fortescue is a vertically integrated resource and green energy group that incorporates green energy solutions for transportation, processing and mining of iron ore. Headquartered in Western Australia. The group claims to be the lowest-cost iron ore producer and ships 180 million tonnes of produce annually.
The company’s operations include three mining hubs.
At 2:06 PM AEST, FMG shares were trading 4.39% down at AU$16.02 per share. With this, Fortescue’s share price has tumbled by nearly 20% in a month and in the last six months, it fell by 17.56%. The stock has underperformed its benchmark index on a year-to-date basis.
Fortescue share price registered a fall of 19.35%, while the benchmark index, ASX 200 Materials, fell by 14.30%.
Rio Tinto Limited (ASX:RIO)
Rio is engaged in the production of copper, iron ore, gold, aluminium, coal, titanium dioxide, borates and other metals and minerals. Headquartered in Victoria, the company was founded in 1873 in Andalusia, Spain.
The company operates in 35 countries, in refineries, smelters and mines, also in development labs, research, data centres, sales offices and artificial intelligence.
Rio shares were spotted trading at AU$87.81 apiece, 5.58% lower from its previous close at 2:08 PM AEST. RIO’s share price has fallen by 10.92% in one month and in six months, it sunk by 25.81%. On a year-to-date basis, the share price has fallen by 11.84%. In the past five years, the share price has surged by 32.11%.
Newcrest Mining Limited (ASX:NCM)
Image source: © Timonschneider | Megapixl.com
Newcrest is engaged in mining, exploration, development and sale of gold. Headquartered in Melbourne with operating mines in Papua New Guinea, Canada and Australia. Newcrest claims that it owns and manages a portfolio of long-life and low-cost mines and has a pipeline of greenfields and brownfields exploration projects.
Today, Newcrest share price registered a fall of 4.78% at 2:10 PM AEST, to trade at AU$15.95 per share. In the last five trading sessions, the share price has declined by 6.29% and in a month, it has dropped 12.66%. In the last six months, the share price has tumbled by 40.91%. On a year-to-date basis, it fell by 34.95%, and the yearly fall is nearly 30%.
Mineral Resources Limited (ASX:MIN)
Mineral Resources is a mining services company. According to ASX announcement, MinRes has a growing portfolio of mining operations across various commodities, including lithium and iron ore. In 1993, the company was founded under the name PIHA Pty Ltd. Earlier; the group was engaged in the contracting and manufacturing business with a specialisation in the construction of site infrastructure and pipelines.
At 2:12 PM AEST, MinRes shares were spotted trading 6.68% lower from its previous close at AU$63.11 apiece. With this, in the last five trading sessions, the share price recorded a fall of 5.93% and in a month, it dropped 3.07%.
MinRes shares have outperformed the materials benchmark, as it gained 28.27% in the past six months and on a year-to-date, it surged by 7.57%. In the last 12 months, the share price increased by 32.49%, and in five years, it increased by 288.19%.
