The Stocks in Action | Why these ASX stocks are talk of the town today?

The S&P/ASX200 is lower today, dropping 33 point 1 points or point 46 per cent to 7,128 point 50 after setting a new 52-week high. The bottom performing stocks in this index are NEARMAP down 4 point 18 per cent and BLACKMORES down 4 point 09 per cent. Over the last five days, the index is virtually unchanged, but is currently 1.04 per cent below its 52-week high. 

Head of International Statistics at the ABS, Andrew Tom-a-dini said that Australia's record Current Account this quarter came on the back of strong commodity prices, particularly iron ore. Metal ores and mineral exports reached its highest value on record, $48.2 billion in March quarter 2021.   House prices generally increased by 2.2 percent through May, according to CoreLogic data, as the roaring boom in home sales extended. 

Values were up by more than 1% across every capital city over the month, with both house and unit values lifting across the board. Of the 334 SA3 sub-regions analysed by CoreLogic, 97% have recorded a lift in housing values over the past three months. The primary purpose is to enable a two-way flow of knowledge, information and collaborative research for unlocking a new generation of mineral discoveries in the Northern Cape Province. 


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