Evening Market Analysis: Good Evening To Strong Day


Evening Market Analysis: Good Evening To Strong Day

Evening Market Analysis: Good Evening To Strong Day

All sectors finished in positive territory; materials and property stocks were the largest percentage gainers.

 

The major banks were stronger on the day; CBA and NAB were the best performers, putting on 1.4% and 1.3% respectively.

In the mining space, Grange Resources soared 6.2% after announcing a 64% increase in quarterly iron ore pellet production compared to the prior corresponding period.

Energy Resources Australia was again one of the market’s standouts (+10.3%), this time after receiving a ratings upgrade from UBS.

The ASX 200 added 59 points (+1.4%) to close at 4348.

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