The Australian sharemarket advanced for a second straight session on Monday, buoyed by broad-based strength in commodity-linked stocks. The S&P/ASX 200 index climbed 37.4 points, or 0.4 per cent, to close at 8810.9, with miners leading gains as iron ore, uranium, copper, lithium, and gold prices rallied.
The Australian sharemarket advanced on Friday, lifted by record gains on Wall Street and strong performances in healthcare and utilities. The S&P/ASX 200 rose 61.2 points, or 0.7 per cent, to 8806.4 by midday, with 10 of 11 sectors trading higher. Despite the rally, the index remains more than 200 points below last month’s record peak.
DVP (DEVELOP Global Limited) is an Australian mining company focused on owning and operating underground mines for copper, zinc, and lithium, as well as providing mining services to other resource companies. Its key assets include the Woodlawn Copper-Zinc Mine, Sulphur Springs Zinc-Copper Project, and the Pioneer Dome Lithium Project, all of which contribute to the supply of critical energy transition metals. DVP also operates a Mining Services division, generating additional revenue and de-risking its business by undertaking contracts for third parties in the mining sector.
The Australian sharemarket traded lower on Thursday afternoon, dragged by sharp losses in energy stocks after a $36 billion takeover bid for Santos collapsed. By 2pm AEST, the S&P/ASX 200 had fallen 50.7 points, or 0.6 per cent, to 8767.8, with 10 of 11 sectors in the red despite the US Federal Reserve’s first rate cut of 2025.
The Australian sharemarket retreated on Wednesday, pressured by declines in mining, retail, and real estate sectors as investors positioned ahead of the US Federal Reserve’s policy announcement.
The Australian sharemarket ended higher on Tuesday, buoyed by strength in resources and record-setting gains on Wall Street. The S&P/ASX 200 rose 24.7 points, or 0.3 per cent, to close at 8877.7, with eight of 11 sectors in positive territory. The Australian dollar also hit a fresh 10-month high at US66.76¢.
The Australian sharemarket eased on Monday, with the S&P/ASX 200 falling 19.7 points, or 0.2 per cent, to 8845.2, extending last week’s steep decline. Investors largely shrugged off the US Federal Reserve’s widely expected rate cut, while healthcare and gold miners dragged the local bourse lower.
The Australian sharemarket climbed on Friday, buoyed by strength in financials and materials, following Wall Street’s record-setting session. The S&P/ASX 200 rose 0.7 per cent, or 60.4 points, to 8865.4 at 2:17pm, with 10 of 11 sectors trading higher.
The Australian sharemarket edged lower on Thursday, with profit-taking in the banks and healthcare sector offsetting gains in miners. By 2pm AEST, the S&P/ASX 200 was down 37.4 points, or 0.4 per cent, as six of 11 sectors traded in the red.
The Australian sharemarket lifted modestly on Wednesday afternoon, tracking Wall Street gains, even as heavy losses in miners weighed on sentiment. The S&P/ASX 200 added 23.7 points, or 0.3 per cent, to 8827.2 at 2pm AEST, with banks offsetting a commodities rout.
The Australian sharemarket traded lower at midday on Tuesday, weighed down by weakness in the banking and energy sectors. The S&P/ASX 200 fell 57.5 points, or 0.7 per cent, to 8792.1, with seven of the 11 sectors in negative territory.
The Australian sharemarket fell on Monday afternoon, with losses in energy and banking outweighing strength in technology. The S&P/ASX 200 Index dropped 0.4 per cent, or 34.9 points, to 8836.3 by 2.30pm AEST, following Wall Street’s Friday decline.
