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Highlights:
- The S&P/ASX 200 Materials sector is buzzing in green territory today.
- The S&P/ASX200 is also up sharply today, gaining 132.90 points or 2.02% to 6,711.60 at 3:45 PM AEST.
The S&P/ASX 200 Materials sector is one of the best performing sectors on the ASX today.
The S&P/ASX 200 Materials sector (ASX:XMJ) was spotted 1.912% higher at 15940.100 at 2:28 PM AEST on the ASX today (27 June).
Here, in this article, we have picked up four leading players in the iron ore market- BHP Group, Fortescue Metals, Rio Tinto, and South32 and have analysed their today’s performance on the ASX.
We have observed that all the afore-mentioned companies have recovered from last week's closing prices. Last week, an inquiry report was released stating that women employees working at the leading Australian mines have been subjected to sexual harassment. Many mining giants were called out and highly criticised for treating their women employees disgracefully. As a result, the shares of the ASX 200 Materials sector declined significantly after the trading session ended on Friday (24 June).
Although the iron ore prices have further declined today, there is a possibility that the mining industry might flourish soon. Iron ore is trading at US$ US$116.50 per tonne today.
BHP Group Limited (ASX:BHP)
The shares of BHP Group Limited (ASX:BHP) were spotted trading 3.298% higher at AU$41.340 per share at 3:12 PM AEST on the ASX today (27 PM).
The share price of BHP Group has fallen over 14% on the ASX over the past 12 months. On the other hand, BHP's year-to-date share price also fell over 2% (as of 3:10 PM AEST on the ASX today, 27 June).
Fortescue Metals Group Ltd (ASX:FMG)
The shares of Fortescue Metals Group Ltd (ASX:FMG) were spotted trading 3.935% higher at AU$17.96 per share at 1:57 PM AEST on the ASX today (27 May).
The share price of Fortescue has fallen over 22% on the ASX over the past 12 months. On the other hand, Fortescue's year-to-date share price also fell over 9% (as of 3:11 PM AEST on the ASX today, 27 June).
Image source: © Milslav78 | Megapixl.com
Rio Tinto Limited (ASX:RIO)
The shares of Rio Tinto Limited (ASX:RIO) were spotted trading 2.603% higher at AU$104.040 per share at 3:15 PM AEST on the ASX today (27 June).
The share price of Rio Tinto has fallen over 17% on the ASX over the past 12 months. On the other hand, Rio's year-to-date share price gained over 4% (as of 2:03 PM AEST on the ASX today, 27 June).
South32 Limited (ASX:S32)
The shares of South32 Limited (ASX:S32) were spotted trading 1.002% higher at AU$4.030 per share at 3:15 PM AEST on the ASX today (27 June).
The share price of South32 has gained over 35% on the ASX over the past 12 months. On the other hand, South32's year-to-date share price fell over 1% (as of 2:06 PM AEST on the ASX today, 27 June).
Also read: BHP, FMG, RIO, S32: Why are these ASX mining stocks trading lower
