The Australian Securities Exchange (ASX) continues to test records after jumping 73.90 points, or 0.82%, to 9,041.30 points this morning (25 August) by around 10.50am AEST.
The 100-day high nears a greater 52-week high, just short of 0.15%.
The index has gained 1.15% over the past five days, with eight sectors advancing in line with the S&P/ASX 200 index. Materials is one sector that dropped 2.43% today.
Following in the ASX’s footprints, the Asian markets are set to open higher.
The Dow Jones rose 1.9% to finish the trading day up 846 points to close at 45,632 points.
Earlier, markets in Europe had a strong session as London’s FTSE rose and Germany’s DAX stronger.
Gold is trading at US$3,338 ($5,149) per ounce with copper at US$4.43 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$150 per tonne trading at US$101.57 and one bitcoin is worth US$113,098 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: Unsplash
