The Australian Securities Exchange (ASX) is on the rise by 0.39%, with the S&P/ASX200 increasing 31.5 points to 8,547.2 points as of 10.30am (AEST), following its close over the long weekend for the King’s Birthday public holiday.
Over the last week, nine of the 11 sectors are notably higher, with the energy sector leading by 3.2%. The materials sector has seen an increase of 1.41% following its position leading the declines last week (6 June), as reported by Mining.com.au.
Placing at first today, Boss Energy (ASX:BOE) has seen a 5.73% increase to $4.06, on the tail of its announcement of Citigroup Global Markets ceasing its position as a substantial holder last week.
Bellevue Gold (ASX:BGL) is the only materials company making the top 20, sitting at second place with a rise of 2.75% to $0.94.
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: Stock
