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Australian stocks made modest gains today with energy and mining stocks pulling the ASX200 up 11.2 points or 0.2% to 5888.7.
West Texas Intermediate for March delivery climbed 3.1% on Friday to finish at US$52.78 a barrel on the New York Mercantile Exchange.
() climbed 1.9% to $8.07 while Oil Search () is up 1.0% to $8.38. However () is down 0.1% to $35.16
Market action here…
() is up 16.7% to $0.007 with more than 1.58 million shares traded.
Earlier this month the company launched a placement and rights issue to raise up to $2.2 million to advance work programs at its highly prospective Roe Hills nickel project in Western Australia.
This will allow it to define the whole 40 kilometre strike and drill the priority targets throughout 2015.
Recently the company identified a new thick nickel sulphide fertile lava channel at the Roe 1 prospect with the intersections and geology having a correlation to deposits such as Cosmos Prospero Sinclair Cerberus Silver Swan and Camelwood.
() rose 14% to $0.098 while () is up 11.11% to $0.03.
Blue Chip Stocks
Major miners
() up 1.1% to $32.53
() up 3.9% to $2.69
Newcrest () down 1.8% to $13.65
(ASX:RIO) down 0.3% to $63.61
Big 4 banks
ANZ Bank (ASX:ANZ) up 0.1% to $35.79
() up 0.5% to $93.63
() flat at $37.48
() up 0.3% to $37.65
Other banks financials and industrials
() up 0.5% to $6.40
() up 0.7% to $14.14
Bendigo and Adelaide Bank () down 4.4% to $13.74
() up 0.5% to $68.48
Suncorp () up 1.5% to $14.67
() down 0.2% to $6.58
Retailers
JB Hi-FI () down 1.0% to $17.16
() up 0.2% to $44.75
Woolworths () up 0.6% to $32.61
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