The Australian Securities Exchange (ASX) has fallen 8.5 points this morning (22 August) as of 10.20am AEST, hosting a total of 9,010.60 points as the Asian markets are expected to follow suit with a lower opening.
Despite this, eight of the 11 sectors are performing higher on the ASX, not including the materials sector, which has decreased 1.94% overnight.
Liontown Resources (ASX:LTR) is the only mining company making the top five gains list, seeing a 2.9% increase to a trading price of $0.88 per share after announcing its share purchase plan is to close early due to oversubscription and a change in substantial holding.
The Dow Jones fell 0.3% to finish the trading day down 153 points to close at 44,786 points.
Earlier, markets in Europe had a strong session as London’s FTSE rose and Germany’s DAX stronger.
The Australian dollar is weaker against the major currencies and is buying US$0.64.
Gold is trading at US$3,338 ($5,195) per ounce with copper flat at US$4.431 per pound.
WTI Crude oil is selling for US$62.69 per barrel while Brent oil is higher at US$65.21 per barrel.
The spot iron ore price remains above US$100 per ton trading at US$101.57 and one bitcoin is worth US$112,680 going into the Asian trading day.
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: Australian Securities Exchange
