The most interesting part for trade in the Aussie large cap. resource sector, was well - the actual lack of interest.
Resource stocks with cash flows have rallied over the past week, although the north bound move seems to be running out of steam.
Today eight of the top 20 resource stocks by market capitalisation finished the day in the green, but the biggest gainer, Mount Gibson Iron (ASX: MGX) only rallied 1.3% to $1.93.
Highlighting the subdued nature of the sector, the other seven gainers only increased by less than one per cent, and included Newcrest Mining (ASX: NCM) $38.50, Oil Search (ASX: OSH) $6.68, New Hope Corporation (ASX: NHC) $5.12, Atlas Iron (ASX: AGO) $3.85, Alumina (ASX: AWC) $2.18, Resolute Mining (ASX: RSG) $1.24 and Santos (ASX: STO) $13.35.
Leading the south bound brigade was volatile rare earth play Lynas Corporation (ASX: LYC) which was sold off by 3.2% to $1.84, with Aurora Oil & Gas (ASX: AUT) shedding 2.4% to $3.30 and uranium focused Paladin Energy (ASX: PDN) lost 1.1% to close at $2.66.
The lack of volatility was also on the down side, with nine big resource plays only giving up less than one per cent - and included Macarthur Coal (ASX: MCC) $11.15, Fortescue Metals Group (ASX: FMG) $6.38, OZ Minerals (ASX: OZL) $13.37, Iluka Resources (ASX: ILU) $16.94, Gloucester Coal (ASX: GCL) $8.56, Equinox Minerals (ASX: EQN) $7.85, BHP Billiton (ASX: BHP) $44.42, Rio Tinto (ASX: RIO) $83.55 and Woodside Petroleum (ASX: WPL) $40.90.
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