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ASX200 Afternoon Wrap 21st of March 2022

ASX200 Afternoon Wrap 21st of March 2022

News that $Rio Tinto(RIO.US)$ has moved to halt alumina shipments to Russia having no discernible effect on the share price as it lifted 0.20% to $110.55. BHP Group (BHP) added 0.54% to $46.50 while $Fortescue Ltd(FMG.AU)$ lifted 0.81% to $18.72.
Some gentle profit-taking weighed on the share price of the big four banks. National Australia Bank (NAB) fell -1.09% to $30.87, Commonwealth Bank (CBA) dropped by 0.15% to $106.13, ANZ closed flat at $27.60 and Westpac (WPC) is 0.46% lower at $23.55. Bucking the trend, $Macquarie Group Ltd(MQG.AU)$ added 0.40% to $195.58, although well below the $198.57 high it traded to earlier in the session.
Aussie gold miners remain on the outer as the gold price continues to trade sub $1950. Northern Star Resources (NST) fell by -2.35% to $10.40, Evolution Mining (EVN) dropped -2.34% to $4.41 and Newcrest Mining (NCM) has fallen by -2.70% to $25.27.
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