Today was another tough day for Australian resource companies on the ASX, with global economic concerns pushing down share prices at a time of high commodity prices.
Today just two of the top 20 by market capitalisation finished the day green.
Regaining some investor favour was rare earth focused Lynas Corporation (ASX: LYC) which added 0.5% to $1.85, with also some support Equinox Minerals (ASX: EQN) increasing 0.1% to $7.85.
Now for those in the red - and the markets really stuck the boots into Resolute Mining (ASX: RSG) which plunged 5.4% to $1.05, as Gloucester Coal (ASX: GCL) was sold off 4.7% to $8.20 and market outcast Paladin Energy (ASX: PDN) re-rated down by another 4.6% to $2.31.
Mineral sands play Iluka Resources (ASX: ILU) fell 3.9% to $16.23, with Atlas Iron (ASX: AGO) falling 3.7% to $3.40.
Giving up more than two per cent was Mount Gibson Iron (ASX: MGX) $1.65, Alumina (ASX: AWC) $2.05, OZ Minerals (ASX: OZL) $12.70 and Woodside Petroleum (ASX: WPL) $39.91.
Only being savaged by more than one per cent included, Santos (ASX: STO) $13.14, Macarthur Coal (ASX: MCC) $10.56, New Hope Corporation (ASX: NHC) $5.00, Aurora Oil & Gas (ASX: AUT) $3.13, BHP Billiton (ASX: BHP) $41.36, Oil Search (ASX: OSH) $6.56 and Newcrest Mining (ASX: NCM) $36.13.
Only easing slightly was Rio Tinto (ASX: RIO) $77.30 and Fortescue Metals Group (ASX: FMG) $6.02.
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