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Krano

1,869 Posts.

82

16/10/23

13:08

Post #: 70366193
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Originally posted by highlandlad: ↑

Thanks @shovel40, @Fiji1, @Patterns and morning crew.

Half-time wrap:

Gold miners and energy stocks outperformed during a "flight to safety" on the ASX amid fears of a wider conflict in the Middle East if Israel launches a ground assault on Gaza.

The ASX 200 eased 19 points or 0.27% during a "risk-off" session. Nine of eleven sectors declined. Tech and emerging companies were among the morning's worst performers.

A 5.7% bounce in crude oil on Friday lifted Santos and Woodside around 0.9%. The gold sector jumped 4% following the yellow metal's best session of the year.

The index's ten best-performing stocks this morning were all precious metal miners. Bellevue Gold put on 6.23%, West African Resources 5.94% and Regis 5.03%. Sector heavyweight Newcrest added 4.23%.

US stocks finished mixed on Friday as investors backed defensive stocks over more speculative assets. The blue chips of the Dow edged up 0.12% while the broader S&P 500 lost 0.5%.

Personal trading: Bought retraces in CXL and CTT.

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BME

I just had a proper read of this announcement.

The company now has more cash than its entire market cap.

I'm in here.
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