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RSG - Resolute Mining News Story

32.9p 0.1  0.3%

Last Trade - 14/05/21

Sector
Basic Materials
Size
Small Cap
Market Cap £350.0m
Enterprise Value £502.2m
Revenue £427.8m
Position in Universe 689th / 1826

Australia shares extend gains as commodity-exposed firms shine

Wed 7th April, 2021 1:47am
April 7 (Reuters) - Australian shares on Wednesday extended
gains for a fourth session, driven by commodity-exposed stocks
on firm crude and metals prices and as investors placed bets on
improving prospects for a global economic recovery.     
    The S&P/ASX 200 index  .AXJO  climbed 0.5% to 6,920.2 points
in early trade, hitting a fresh high since mid-February.
Elsewhere in Asia, Nikkei futures  NKc1  were up 0.4%. 
    On Tuesday, the International Monetary Fund raised its
global economic growth forecast to 6% this year, a rate unseen
since the 1970s.  urn:newsml:reuters.com:*:nL1N2LZ1BK
    Strong economic data from China and the United States lifted
oil prices by 1%, while a retreating dollar and lower U.S.
Treasury yields boosted bullion. 
    While copper prices climbed on supply concerns after top
producer Chile closed its borders following a spike in
coronavirus infections.
    Strong commodities lifted sentiment despite the pullback on
Wall Street overnight. All three major U.S. stock indexes closed
in the red, pulling back from the prior session's record closing
highs, while Treasury yields edged lower.  MKTS/GLOB 
    ASX 300 metals and mining index  .AXMM  rose 0.67%, while
the gold sub-index  .AXGD  climbed 1%, led by Resolute Mining
Ltd  RSG.AX  that advanced 4.4%. 
    Technology stocks  .AXIJ  rose 1.8%, led by EML Payments Ltd
 EML.AX , up 10.7%, followed by NEXTDC Ltd  NXT.AX  that gained
3.6%. 
    In New Zealand, the benchmark S&P/NZX 50 index  .NZ50  rose
0.68% to 12,484.3. 
    The top percentage gainers in the benchmark index are
Contact Energy Ltd  CEN.NZ , up 2.8%, followed by Pushpay
Holdings Ltd  PPH.NZ  and Air New Zealand Ltd  AIR.NZ  that
climbed 2.5% and 1.9%, respectively.   
             

 (Reporting by Shruti Sonal in Bengaluru, Editing by Sherry
Jacob-Phillips)
 ((Shruti.Sonal@thomsonreuters.com; Twitter: @shrutisonal26;))
 
((For more information on DIARIES & DATA:
 U.S. earnings diary   RESF/US   
 Wall Street Week Ahead    .N/O 
 Global Economy Week Ahead  DATA/ 
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