Gold miners push up the materials sector: ASX tracking 0.3% lower at noon - Sequoia Direct Pty Ltd

06JanJanuary 6, 2021

Gold miners push up the materials sector: ASX tracking 0.3% lower at noon

The Australian sharemarket opened lower this morning. the S&P/ASX 200 Index 20 points down or 0.3 per cent lower at 6,664. Futures are pointing to a fall of 12 points. Gold miners are pushing the materials sector higher with shares in Ramelius Resources (ASX:RMS) on the up. Shares in Unibail-Rodamco-Westfield (ASX:URW) have seen a drop today.

Company news

Magnis Energy Technologies (ASX:MNS) reports that it’s partner C4V has been selected to participate in a United States Government project for the Department of Energy focused on grid stabilisation. Magnis has a 10 per cent interest in C4V. The project is to develop a two-stage solar plant control framework that will enable the coordination of multiple solar plants with generation uncertainty. C4V will provide lithium-ion battery for the project. Shares in Magnis Energy Technologies (ASX:MNS) are currently 8.1 per cent higher at $0.20.

Best and worst performers

The best-performing sector is Materials adding 1.8 per cent while the sector trailing behind is Real Estate Investment Trust losing 1.6 per cent.
The best performing stock in the S&P/ASX 200 is Ramelius Resources (ASX:RMS) rising 4.9 per cent to $1.86, followed by shares in Sandfire Resources (ASX:SFR) and Silver Lake Resources (ASX:SLR).
The worst performing stock in the S&P/ASX 200 is Atlas Arteria (ASX:ALX) dropping 3.8 per cent to $6.25, followed by shares in Unibail-Rodamco-Westfield (ASX:URW) and Virgin Money UK (ASX:VUK).

Commodities

Gold is trading at US$1,937 an ounce.
Iron ore is 1.5 per cent lower at $162.03.
Futures are suggesting a fall of 3.1 per cent.
One Australian dollar is buying 76.76US.

Copyright 2021 – Finance News Network

Source: Finance News Network

Related Posts

30DecDecember 30, 2020

Wall Street reverses gains approaching year end: ASX poised to open lower

30 Dec 2020 - The ASX looks set to open lower this morning as Wall Street reversed their earlier gains. European stocks extended their end-of-year rally high in anticipation of fresh stimulus and as their Covid-19 vaccination program got under way. Tech stocks in the US were mixed with Google and Apple shares down. Netflix on the other hand was up. Biotech company Immutep (ASX:IMM) has secured the US patent for Eftilagimod Alpha.

28FebFebruary 28, 2022

Reel to recovery snaps S&P500 2-week losing streak: ASX to rally

28 Feb 2022 - Global major indexes rallied from oversold territory on Friday as dip buyers emerged amid Putin painting red on Ukraine. Extended sanctions from the West helped market reprieve with talks over the weekend with the US and Europe set to to cut Russian banks out of the SWIFT payments system. Reporting season to end today.

02MarMarch 2, 2020

Fresh pessimism surrounding coronavirus as new fatalities reported: ASX set to open lower

02 Mar 2020 - The ASX looks set to kick off the week with pessimism surrounding the spread of the coronavirus and its impact on financial markets. The Aussie dollar took another hit. Australian government yields could drop at the start of trading today. Coronado Global Resources Inc. (ASX:CRN) reports the removal of US restriction on CDIs.

04OctOctober 4, 2019

City Chic (ASX:CCX) to buy Avenue Stores e-commerce assets: Aus shares down 3.1% over week

04 Oct 2019 - Despite a strong session today, over the week the market has lost 199 points or 3.1%. Plus sized retailer, City Chic Collective (ASX:CCX) has purchased the e-commerce assets of US bankrupt company, Avenue Stores.

28JulJuly 28, 2020

Gold hits new high: Aus shares 0.6% higher at noon

28 Jul 2020 - The Australian share market opened higher this morning but is now trading 0.6 per cent up at noon. Wisr (ASX:WRZ) has released it’s fourth-quarter operating revenue, reporting the neo-lender reached $2.9 million, up 188 per cent on the same period last year.

05NovNovember 5, 2019

Cup Day: Aus shares close 0.2% higher

05 Nov 2019 - Aus shares close 0.2% higher. RBA leaves cash rate unchanged at 0.75%.

16FebFebruary 16, 2022

Wall St reverses 3-day losing streak on tech rebound: ASX to rise

16 Feb 2022 - Wall St reverses 3-day losing streak as Russia-Ukraine tensions cool. Technology shares back in favour while energy stocks fall. Wrap up of Tuesday's session on the ASX.

22NovNovember 22, 2019

Westpac (ASX:WBC) drags on market following AUSTRAC claims: ASX closes 0.6% higher

22 Nov 2019 - It has been a positive day of trade for the ASX, closing 0.6% higher. Westpac (ASX:WBC) shares continue to fall after AUSTRAC reported claims against the bank earlier this week. Metcash (ASX:MTS) has lost their current supply agreement with 7-Eleven after failing to reach an agreement for the east coast.

30JunJune 30, 2020

Gradual recovery in payroll jobs continues: ASX 0.2% higher at noon

30 Jun 2020 - The ASX shot up at the open and is now tracking almost 0.2% higher at noon. Shares in Collins Foods (ASX:CKF) are on the up after releasing their year results showing revenue is up 8.9% to $981.7 million. Shares in Wisetech Global (ASX:WTC) dropped after Founder and CEO, Richard White, sold 2.4 million shares. Infigen (ASX:IFN) Board unanimously recommends investors accept the Takeover Offer from Iberdrola.

18FebFebruary 18, 2020

Rio’s (ASX:RIO) iron ore shipments reduced due to cyclone: ASX set for a flat start

18 Feb 2020 - Wall Street was closed yesterday due to President’s Day. The ASX looks set to open flat this morning. European stocks closed higher as China’s central bank announced fresh policy to shield its economy from Coronavirus. Meanwhile, Apple reports they will not meet their quarterly revenue forecast as a result of the virus outbreak. Rio Tinto’s (ASX:RIO) iron ore operations in the Pilbara are progressively resuming following the passing of Tropical Cyclone Damien.