Declining alongside the materials sector, the Australian Securities Exchange (ASX) has dropped another 15.9 points this morning (19 June), bringing its total points down 0.19% to 8,515.3 points at 10.25am (AEST).
Representing a 0.58% drop over the past five days, the S&P/ASX200 notes a mix of influx across the sectors, with six of the 11 down. The materials sector has been leading the declines, decreasing 2.59% overnight.
The energy sector is still bouncing off the current market with one of yesterday’s leaders, Viva Energy (ASX:VEA), still charting the top five, as reported by Mining.com.au. The company has increased another 5.34% to a trading price of $2.17 per share.
Boss Energy (ASX:BOE) has spiked on the tail of meeting its first-year production guidance at the Honeymoon Uranium Operation, by 4.25% to a share price of $4.66. Mining.com.au reported yesterday that the company surpassed its guidance of 850,000 pounds of triuranium octoxide.
Spartan Resources (ASX:SPR) is listed as second on the declines list, dropping 4.63% to a price of $2.96, closely followed by Mineral Resources (ASX:MIN) by 4.603% to a price of $22.59 per share.
Mineral Resources has remained consistent on the declines list recently, shortly after announcing a change in substantial holding on Monday (16 June).
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
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