The Australian Securities Exchange (ASX) has dropped 3.4 points this morning (28 August), trading at 8,957.10 points as at 10.25am AEST.
The index has lost 0.69% over the past five days, with nine sectors performing lower in line with the S&P/ASX 200 index.
Materials is one of the few risers today jumping 2.41%, along with the energy sector which has increased by 3.11%.
In line with the ASX platform, the Asian markets are set to open lower.
The Dow Jones rose 0.3% to finish the trading day up 147 points to close at 45,565 points.
Earlier, markets in Europe had a weaker session as London’s FTSE fell and Germany’s DAX declined.
The Australian dollar is firm against the major currencies and is buying US$0.65.
Gold is trading at US$3,395 ($5,216) per ounce with copper at US$4.41 per pound.
WTI Crude oil is selling for US$63.81 per barrel while Brent oil is higher at US$67.73 per barrel.
Iron ore is trading at US$101.59 per tonne and one bitcoin is worth US$111,083 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: iStock
