S&P/ASX200 closes Friday trade marginally higher

The S&P/ASX200 closed 1.02% higher on Friday (19 January 2024), gaining 74.70 points to 7,421.20 after setting a new 20-day low.

Fortescue (ASX:FMG) closed 1.959% higher to $27.58 and mining giant Rio Tinto (ASX:RIO) was up 0.898% to $128, while BHP (ASX:BHP) remained steady at $45.73.

The index’s top performing stocks were The Lottery Corporation (ASX:TLC), up 6.02%, and Xero (ASX:XRO), which was up 4.80%.

Over the past 5 days the S&P/ASX200 has lost 1.03% but is virtually unchanged over the past 52 weeks.

Meanwhile, employment, aged care and disabilities services group APM Human Services International (ASX:APM) has reportedly received calls to scrap its dividend and raise some cash as measures to help regain investor confidence after weeks of poor performance.

Shares in APM closed trade yesterday at $0.765, another record low and totalling losses for the past 2 trading days to 42%.

APM’s market value has decreased by more than $500 million to just over $700m, down from its $3.3 billion market capitalisation when it listed in November 2021.

Write to Adam Orlando at Mining.com.au

Images: Fortescue
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Written By Adam Orlando
Mining.com.au Managing Editor Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Adam has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.