The Market Movers || Did The Tech And Healthcare Stocks Cap The ASX Index Gains Today?

• The ASX 200 traded higher on Friday, supported by gains made by the mining stocks amid rising commodity prices. The gold stocks led the index rise, even as tech and healthcare stocks capped the gains. Heavyweight miners were the top percentage gainers, advancing 1%. Iron ore mining giants BHP Group added as much as 0.8% and Rio Tinto added as much as 0.6%,

• The technology stock Appen Ltd (ASX:APX) rose nearly 9% to the day’s high of AU$12.66. The stock has gained after Australian Prime Minister Scott Morrison on Thursday unveiled a US$1.2 billion digital spending package that would be part of next week’s budget, including AU$124 million for AI research and grants.

• The mining stock Silver Lake Resources Ltd (ASX:SLR) surged over 6.5% to the day’s high of AU$1.92.

• The gold stock Ramelius Resources Ltd (ASX:RMS) soared just nearly 6% to AU$1.82. The gold miner has gained, tracking cues from an overnight jump in bullion prices, as a weaker dollar and easing Treasury yields propelled the safe-haven metal over the key US$1,800 psychological level. 

• The gold producer Gold Road Resources Ltd (ASX:GOR) rose just over 5% to day’s high of AU$1.36.

• The financial stock News Corporation (ASX:NWS) soared just over 4.5% to the intra-day high of AU$32.14.

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK