The Australian Securities Exchange (ASX) has gained 67.60 points this morning (4 September), trading at 8,806.40 points as at 10.30am AEST.
Although the platform is trading higher, all 11 sectors are performing lower including the materials sector dropping 0.74%.
The index has lost 1.93% over the past five days.
Asian markets are expected to open higher this morning in line with the ASX.
The Dow Jones fell 0.1% to finish the trading day down 25 points to close at 45,271 points
Markets in Europe also had a strong session earlier as London’s FTSE rose and Germany’s DAX stronger.
The Australian dollar is firm against the major currencies and is buying US$0.65.
Gold is trading at US$3,565 ($5,446) per ounce with copper at US$4.54 per pound.
WTI Crude oil is selling for US$63.72 per barrel while Brent oil is higher at US$67.34 per barrel.
Iron ore is trading at US$103.24 per tonne.
The S&P/ASX200 is Australia’s leading share market index and contains the top 200 ASX-listed companies in terms of market capitalisation, and accounts for about 80% of the country’s equity market.
The index is designed to measure the performance of the 200 largest index-eligible stocks listed on the ASX by float-adjusted market capitalisation.
It is recognised as the institutional investable benchmark in the country.
Write to Maddison Elliott at Mining.com.au
Images: Unsplash
