Investors are continuing to flock to stocks, with the ASX continuing its strong run on the back of US rate cuts.
The S&P/ASX 200 gained 53.60 points, or 0.65%, to hit 8,245.50 points at 10:50am AEST.
Ten of the 11 sectors are higher. Materials gained 0.59%, energy was up 0.31% and industrials shifted 0.24% higher this morning (20 September).
The miners reversed some of the gains accrued over the last session, with uranium miners Deep Yellow (ASX:DYL) and Paladin Energy (ASX:PDN) down 2.45% and 1.13%, respectively.
Fellow uranium producer Boss Energy (ASX:BOE) was also in the bottom five, dipping 1.80%, along with Arcadium Lithium (ASX:LTM), which slipped 1.61%.
The S&P/ASX 200 Volatility Index (VIX) was lower today dropping 0.45 points, or 3.79%, to 11.32 points and crossing below its 125-day moving average. The index has lost 8.74% for the last five days, but is virtually unchanged over the last year to date.
Also known as the ‘fear’ index, the S&P/ASX 200 VIX is a real-time volatility index that provides an insight into investor sentiment and expected levels of market volatility.
Over the last five days, the S&P/ASX 200 has gained 1.77%.
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 Angela East at Mining.com.au
Images: ASX
