Tuesday, 17 September 2019 10:47 GMT

Australia- ASX ends six-day streak but this copper explorer climbs 20%

(MENAFN - ProactiveInvestors)

Australian stocks have ended a six day streak with the ASX200 falling 92.1 points or 1.6% to 5614.6.

Energy companies were amongst the biggest losers with Oil Search (ASX:OSH) down 2.9% to $7.01 while Santos (ASX:STO) fell 2.9% to $7.25. Woodside Petroleum (ASX:WPL) dropped 1.9% to $34.13.

Market Action here…

Avalon Minerals (ASX:AVI)
is up 20% to $0.03.

Last week the company delivered high grade assays from shallower zones at the D Zone of its Viscaria copper deposit in Sweden.

The results improved the company’s knowledge and confidence of the D Zone orebody to build a predictive model for the ongoing drill program. Further assay results are expected soon.

Diamond drill hole VDD 187 intersected 17.9 metres at 1.2% copper from 252.6 metres including 6.2 metres at 1.7% copper from 257.4 metres while VDD188 returned 6.85 metres at 0.7% copper from 270.7 metres including 1.4 metres at 1.5% copper from 271.7 metres.

Xanadu Mines (ASX:XAM) climbed 14.3% to $0.12

Blue Chip Stocks

Major Miners
BHP Billiton (ASX:BHP) down 2.1% to $26.25
Fortescue Metals Group (ASX:FMG) up 0.6% to $1.75
Newcrest (ASX:NCM) down 1.4% to $11.52
Rio Tinto (ASX:RIO) down 2.3% to $52.14

Big 4 banks

ANZ Bank (ASX:ANZ) down 1.6% to $32.51
Commonwealth Bank (ASX:CBA) down 1.5% to $86.74
National Australia Bank (ASX:NAB) down 1.5% to $34.23
Westpac (ASX:WBC) down 1.5% to $34.37

Other banks financials and industrials

AMP (ASX:AMP) down 2.3% to $6.28
Bank of Queensland (ASX:BOQ) down 1.2% to $13.37
Bendigo and Adelaide Bank (ASX:BEN) down 1.0% to $13.00
Macquarie Group (ASX:MQG) down 1.3% to $84.50
Suncorp (ASX:SUN) down 1.5% to $14.16
Telstra (ASX:TLS) down 1.4% to $6.34


JB Hi-FI (ASX:JBH) up 0.9% to $20.89
Wesfarmers (ASX:WES) down 1.3% to $41.68
Woolworths (ASX:WOW) down 1.7% to $28.26

Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.

Australia- ASX ends six-day streak but this copper explorer climbs 20%

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