The passion in the on-again, off-again investor love affair with large cap. ASX listed resource stocks has ignited once again, with 18 of the top 20 by market capitalisation in the green in afternoon trade.
Investors have been grabbing more than a handful of Atlas Iron (ASX: AGO) which has jumped 4.4% to $4.23, although not to be outdone mineral sands play Iluka Resources (ASX: ILU) has rallied 4.3% to $18.53 with the unloved uranium focused Paladin Energy (ASX: PDN) smiled upon with a 4.2% rise to $2.73.
Other major resource stocks receiving an investor injection is OZ Minerals (ASX: OZL) which is up 3.4% to $14.09, with Fortescue Metals Group (ASX: FMG) getting Twiggy with it and rising 3.3% to $6.52, as Mount Gibson Iron (ASX: MGX) trades 3.2% stronger at $1.86.
Stocks with a more than two per cent rise include Gloucester Coal (ASX: GCL) $9.57, Lynas Corporation (ASX: LYC) $2.21, BHP Billiton (ASX: BHP) $42.34, Rio Tinto (ASX: RIO) $81.64 and Santos (ASX: STO) $13.14.
Pushing up more than one per cent includes Macarthur Coal (ASX: MCC) $15.84, Woodside Petroleum (ASX: WPL) $38.90 and Alumina (ASX: AWC) $$2.21.
In the green, but only just - is Oil Search (ASX: OSH) $6.89, New Hope Corporation (ASX: NHC) $5.40, PanAust (ASX: PNA) $4.12 and Newcrest Mining (ASX: NCM) $39.60.
Trading unchanged is Ivanhoe Australia (ASX: IVA) at $2.56.
The leaves Sundance Resources (ASX: SDL) as the only date on the dance floor getting no attention - this week anyway - with the stock trading one per cent softer at $0.52, which is still a premium to the current Hanlong offer.
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