ASX 200 Closes Flat as Miners Gain while Healthcare Retreats

  • Stock Market News
ASX 200 Closes Flat as Miners Gain while Healthcare Retreats
Credit: © Reuters.

By Oliver Gray - The S&P/ASX 200 was down just 4.7 points or 0.1% to 7452.2 during Monday’s trade, following gains of 1.8% in the previous week as gains in mining and energy companies offset losses in healthcare and financials.

Among stocks, Gold miners gained as a weaker Greenback pushed gold prices higher. Newcrest Mining Ltd (ASX: NCM ) added 1.2%, Northern Star Resources Ltd (ASX: NST ) added 3.33% Evolution Mining Ltd (ASX: EVN ) added 4.03%. Energy companies also moved higher amid stronger crude oil prices, with Santos Ltd (ASX: STO ) adding 3.07%, Oil Search Ltd (ASX: OSH ) up 2.13%, Woodside Petroleum Ltd (ASX: WPL ) gaining 2.97% and Beach Energy Ltd (ASX: BPT ) up 4.3%. Iron ore heavyweights also closed in the green, with Rio Tinto Ltd (ASX: RIO ) up 0.38%, BHP Billiton Ltd (ASX: BHP ) adding 0.8% and Fortescue Metals Group Ltd (ASX: FMG ) lifting 0.42%. Stanmore Coal (ASX: SMR ) gained 14.01% after announcing a deal to buy metallurgical coal assets from BHP (ASX: BHP ) for $A1.35 billion. Meantime, some financial stocks closed lower as they traded ex-divended, with Australia and New Zealand Banking Group Ltd (ASX: ANZ ) down 1.56% and Macquarie Group Ltd (ASX: MQG ) down 0.75%. Healthcare companies also fell with CSL Ltd (ASX: CSL ) down 0.76%, Sonic Healthcare Ltd (ASX: SHL ) falling 2.2% and Clinuvel Pharmaceuticals Ltd (ASX: CUV ) plunging 8.31%.

On the bond markets, Australia 10-Year yields were near 2-week lows of 1.766%, while United States 10-Year rates were near 5-week lows of 1.465%.

In New Zealand, the NZX 50 fell 34.53 points or 0.26% to 13041.3.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or