The local market managed to close higher Friday, but just off record highs as losses in the banking sector offset strong gains from the gold miners.
The S&P/ASX 200 added 24.20 points by the end of the day’s trade to 8099.90.
Four sectors closed higher while seven lost ground.
Capricorn Metals, Perseus Mining and West African Resources were among the best performers as gold hit fresh records. Uranium and lithium players, however, reversed Thursday’s gains.
BHP shares rose 2% while RIO was up 0.9% as Macquarie upgraded the big players, saying they have been punished too severely for the collapse in iron ore prices.
Metcash shares rose 0.3% as the company held its AGM, warning of challenging trading conditions.
Specialist merger fund Harvest Lane has backed Singapore-based Olam Group’s revised takeover of Namoi Cotton, pushing shares in Namoi to 4.4%
And the New South Wales casino watchdog has asked Star Entertainment for further details about its operations or it could face losing its Sydney licence. Shares in Star remain halted.
Companies trading ex-dividend today included Car Group, Lovisa, Ramelius Resources and Data#3.
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Негізгі бет the COB: gold rush | 13.09.24
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