Now sitting 1.97% below the 52-week high set last week, the Australian Securities Exchange (ASX) is down another 54.4 points, seeing a 0.64% decrease to a total of 8,469.3 points this morning (20 June) as of 11.45am (AEST).
After a consistent fall over the past week, the S&P/ASX200 notes that the material sector is still down 0.25%, along with nine other sectors charting lower. Industrials is the only sector currently seeing an increase in value by 0.05%.
As the only mining company listed in the gains top five, Capricorn Metals (ASX:CMM) is up 2.14% to a trading price of $10.5 per share.
Following yesterday’s highs as reported by Mining.com.au, Boss Energy (ASX:BOE) has dropped 4.09% to a price of $4.45 per share.
Similar to yesterday, Mineral Resources (ASX:MIN) is still on the decline, dropping 2.72% to a trading price of $21.45 per share. The company announced a change in substantial holding at the beginning of this week (16 June), which has tanked its share price.
With a market capitalisation of $38.43 billion, Rio Tinto (ASX:RIO) has spiked above its 90-day average volume by 235%, now with a trading price of $102.82 per share.
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
