- All 11 sectors of the benchmark index closed in green today (July 4).
- Iron ore biggies like Fortescue Metals and Rio Tinto also started the week on a positive note.
The Australian stock market closed in green today (4 July 2022) with the ASX 200 Index gaining 1.11% to close at 6,612.60 points. The S&P/ASX 200 Materials Index went up 0.44% to close at 15,442.00 points today.
All 11 sectors of the benchmark index ended in green today with energy emerging as the best performing sector on ASX.
Many ASX 200 Materials shares led the market today as they closed in the green territory.
In this article, we will discuss about big mining firms like BHP, Rio Tinto, Fortescue and South32.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX website
BHP Group Limited (ASX:BHP) produces commodities, including iron, copper, nickel, ore, potash, and metallurgical (steelmaking) coal.
Shares of BHP closed trading at AU$39.90 apiece, down 0.37% on ASX today. The materials company's shares have recorded negative growth of almost 14% last month. However, the shares have risen around 8% on a YTD basis.
Fortescue Metals Group Ltd
Fortescue Metals Group Ltd (ASX:FMG) is an Australia-based company which is engaged in iron ore mining and developing infrastructure and mining assets. The company mainly focuses on developing, exploring, producing, processing, and selling iron ore.
Shares of Fortescue closed trading at AU$17.07 each, up 0.41% on ASX today (July 4). The company's shares have fallen over 20% in the past month and 11% YTD.
Rio Tinto Limited
Rio Tinto Limited (ASX:RIO), an Australia-based mining and metals company, operates through four segments. These segments include iron ore, aluminium, copper and minerals.
Rio Tinto's shares closed trading 0.39% higher today at AU$100.74 per share. The company's shares have grown negatively last month and booked around a 13% fall. However, the share price has increased around 0.63% YTD.
Source: © Ecophoto | Megapixl.com
Australia-based South32 Limited (ASX:S32) has operations in South Africa, North America, and South America. The company is divided into the following segments: Worsley Alumina, Hillside Aluminium, Illawarra Metallurgical Coal, Mozal Aluminium, Brazil Alumina, Eagle Downs Metallurgical Coal, Cannington, Hermosa, Australia Manganese, South Africa Manganese, Cerro Matoso, and South Africa Energy Coal.
Shares of South32 closed trading at AU$3.89 each, up 0.52% on ASX today. The company's shares have fallen more than 22% in the last month and around 3% on a YTD basis.