ASX Rises 0.4%; Gold Miners Rise; NAB, Whitehaven Fall
The Australian Financial Review2022-11-08
The S&P/ASX 200 is up 0.4 per cent in early trade, with the materials sector doing much of the heavy lifting as iron ore, gold, and lithium prices firm.
The financials sector is a little lower after NAB dropped 1.8 per cent on its full-year profit report this morning.
Gold miner Northern Star has jumped 4.8 per cent to as gold extends gains this week to fetch $US1714 a tonne. BHP is up 1.4 per cent, with Pilbara Minerals climbing 1.7 per cent.
Coal miner Whitehaven is down 7.8 per cent after downgrading production due to rains in New South Wales at its Maules Creek mine.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
