After reaching a new 20-day high yesterday, the Australian Securities Exchange (ASX) fell 83.6 points at the open this morning (16 July), reflecting almost 1% decrease as of 10.15am (AEST).
Amid the falling S&P/ASX200, 10 of the 11 sectors are up, with the materials sector leading the charts by a 3.34% increase, followed by the energy sector at 1.09%.
No mining companies have entered the top five gains at market open, with Paladin Energy (ASX:PDN) charting second for a whopping 7.85% increase to a share price of $7.69.
Regardless of the materials market, PLS (ASX:PLS) is topping the decline list from a 4.54% decrease to a share price of $1.57, with no news.
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
