The Australian Securities Exchange (ASX) is ending the trading week on a high, gaining an additional 44.40 points this morning (5 September), representing a 0.50% jump to hold 8,870.90 points as at 10.35am AEST.
The index has crossed over its 50-day moving average, while losing 1.14% over the past five days and sitting just 2.03% under its 52-week high.
Eight sectors are performing higher in suit of the platform’s gains, though the materials and energy sectors have dropped by 0.49% and 0.42% respectively.
Asian markets are expected to open higher this morning in line with the ASX.
The Dow Jones rose 0.8% to finish the trading day up 350 points to close at 45,621 points.
Earlier, markets in Europe had a strong session as London’s FTSE rose and Germany’s DAX stronger.
The Australian dollar is buying at US$0.65.
Gold is trading at US$3,552 ($5,444) per ounce with copper trading at US$4.49 per pound.
WTI Crude oil is selling for US$63.30 per barrel while Brent oil is higher at US$66.80 per barrel.
Iron ore is valued at US$104.53.
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: iStock
