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.