The ASX closed higher today and it was all thanks to the latest moves in the uranium sector. Spot prices have reached ~7 year highs with the latest catalyst being the Sprott Physical Uranium Trust buying up more physical uranium and spot prices surpassed US$40 per pound. The ASX 200 rose 0.25% to close at 7,425 while the ASX Emerging Companies Index rose 1.8%, closing t 2,513.
Energy rose over 1% and resources rose 0.9% and most other sectors gained as well. Tech was one exemption sector, retreating 0.28%.
The drop in tech was in line with the tech sectors of many other Asia-Pacific markets especially in China following reports out of the Financial Times that the Chinese government wanted to break up Ant Group’s Alipay.
EV stocks also suffered after China’s industry minister said consolidation was needed. TODAY’S BIGGEST WINNERS Scroll or swipe to reveal table. Click headings to sort. 92E […]
Click here to view original web page at www.msn.com
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 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!
Comments