ASX Update: Uranium producers lead as market rebounds

ASX Update: Uranium producers lead as market rebounds

The share market clawed back some of yesterday’s heavy losses as energy producers rallied with crude and uranium prices.

A day after falling almost 2 per cent to its heaviest loss since June, the S&P/ASX 200 bounced 38 points or 0.55 per cent.

A major dividend upgrade boosted Woodside Energy. Speculative and gold stocks rebounded after copping some of the worst of yesterday’s selling. What’s driving the market

The ASX 200 rebounded after US stocks fell less overnight than futures action implied during yesterday’s bloodletting here. The S&P 500 declined 0.67 per cent. The US benchmark briefly turned positive before falling away again in the final hour.Australian traders were also encouraged by steady US futures this morning. S&P 500 futures were flat at the halfway mark in Australia.The bounce came as investors mull what happens next following a volatile year on world markets. The S&P 500 lost around a quarter of […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet