Evening Wrap: ASX 200 higher, uranium stocks rally + How low can coal go?

The S&P/ASX 200 closed 34 points higher, up 0.48%.

The local sharemarket finished a volatile week on a strong note but still down 0.1%, uranium stocks stage a V-shape bounce after the Namibian nationalisation rumours on Wednesday, the RBA is expected to pause next week despite the hotter-than-expected inflation print earlier this week and how low can coal prices go?

Let’s dive in.

Today in ReviewFri 02 Jun 23, 4:16pm (AEST) Name Value % Chg Major Indices ASX 200 7,145.1 +0.48% All Ords 7,331.2 +0.56% Small Ords 2,831.6 +0.84% All Tech 2,405.0 +0.60% Emerging Companies 2,057.9 +1.81% Currency AUD/USD 0.6612 +0.66% US Futures S&P 500 $4,235.75 +0.18% Dow Jones $33,164.0 +0.18% Nasdaq $14,500.0 +0.19% Name Value % Chg Sector Materials 17,644.0 +2.44% Energy 10,806.2 +1.23% Information Technology 1,798.0 +0.66% Utilities 8,623.1 +0.58% Real Estate 3,119.3 +0.53% Consumer Discretionary 2,901.8 +0.09% Financials 6,019.2 -0.18% Communication Services 1,554.5 -0.47% Industrials 6,785.7 -0.50% Health Care […]

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