AU Evening Wrap: ASX Ends the Week 0.3% Lower in Fourth Weekly Loss
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• ASX 200 rose 28.2 points, or 0.4 per cent
• Top gainers: $Liontown Resources Ltd (LTR.AU)$, $Netwealth Group Ltd (NWL.AU)$, $Ebos Group Ltd (EBO.AU)$
• Top losers: $Centuria Capital Group (CNI.AU)$, $GQG Partners Inc (GQG.AU)$, $HMC Capital Ltd (HMC.AU)$
- moomoo News AU
Shares traded stronger on Friday on the Australian stock exchange, but the $S&P/ASX 200 (.XJO.AU)$ ended the week 0.3 per cent lower in the fourth consecutive weekly loss.
The S&P/ASX 200 rose 28.2 points, or 0.4 per cent, to finish the day's trading at 7283.60.
Mining and energy stocks lifted the index on hopes that China's economic recovery will spur demand. China is Australia's biggest customer of commodities, particularly iron ore.
$Rio Tinto Ltd (RIO.AU)$ advanced 1.6 per cent. $BHP Group Ltd (BHP.AU)$ tacked on 0.56 per cent. Lithium, coal and some gold miners also made headway. $Liontown Resources Ltd (LTR.AU)$ jumped 13.19 per cent, $Ramelius Resources Ltd (RMS.AU)$ 5.58 per cent and $New Hope Corp Ltd (NHC.AU)$ 1.41 per cent.
$Oz Minerals Ltd (OZL.AU)$ dipped 0.04 per cent after an independent expert concluded a $9.6 billion takeover offer from BHP was fair and reasonable. Grant Samuel said the offer of $28.25 per share was in the best interests of shareholders in the absence of a superior proposal. Oz directors have unanimously recommended the offer.
$Nickel Industries Ltd (NIC.AU)$ dropped 0.48 per cent to $1.03 after raising $34.6 million from shareholders at $1.02 per share.
S&P/ASX 200 Movers for Friday (3/3)
How to find the above information in moomoo app:
1. Open moomoo app
2. Search for and tap on ".XJO"
3. Roll down to see "Constituent Stocks"
4. You can filter the list based on "%Chg"
2. Search for and tap on ".XJO"
3. Roll down to see "Constituent Stocks"
4. You can filter the list based on "%Chg"
10 Top-Traded AU Stocks for Friday (3/3)
How to find the above information in moomoo app:
1. Open moomoo app
2. Tap your finger on "Market" and "AU"
3. Roll down and tap on "Main Board"
4. You can filter the list based on "Turnover"
1. Open moomoo app
2. Tap your finger on "Market" and "AU"
3. Roll down and tap on "Main Board"
4. You can filter the list based on "Turnover"
Source: Dow Jones Newswires, The Market Herald
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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