Following recent highs for the market, the Australian Securities Exchange (ASX) has dropped 17.30 points this morning (18 June) by 0.20% to 8,524 points, with the materials sector still leading the declines, as of 10.40am (AEST).
Despite the overall decline, the S&P/ASX200 sees six of 11 sectors are performing higher today as the materials sector has dropped 0.58%, with the overall index losing 0.79% over the last five days after a 52-week high.
Energy companies such as Beach Energy (ASX:BPT) and Viva Energy (ASX:VEA) are leading the charge, increasing 3.73% to a trading price of $1.39 per share and 2.43% to a trading price of $2.11 per share respectively.
On the tail of last week’s declines reported by Mining.com.au, Mineral Resources (ASX:MIN) is still topping the list, dropping another 3.42% to a trading price of $22.87 per share after a change in substantial holding on Monday (16 June).
Fortescue (ASX:FMG) has charted at second, seeing a decrease of 2.39% to a price of $15.29, followed by PLS (ASX:PLS), formerly Pilbara Minerals, dropping 2.59% to $1.32 per share.
Still garnering recent attention for a decline in share price, Liontown Resources (ASX:LTR) is down another 2.17% to $0.675 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: iStock
