Company
LON:RIO
Rio Tinto Ltd is a leading international mining group that finds, mines and processes the earth's mineral resources. The Group's major products include aluminium, copper, diamonds, energy products, gold, industrial minerals (borates, titanium dioxide, salt and talc), and iron ore. Its activities span the world but are strongly represented in Australia and North America. There are also significant businesses in South America, Asia, Europe and southern Africa.
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Large cap. resource stocks are back in style today with 16 of the top 20 by market capitalisation finishing the day in the green, in what might be a major sign the sector is oversold - with buyers now overpowering sellers.
Large cap. Aussie resource stocks roared back into favour today, with 19 of the top 20 by market capitalisation higher in afternoon trade. The rally is across the ASX, with the broader index the All Ordinaries up 52 points to 4575.
Some large cap. resource stocks are starting to rally after the sustained sell-off over the last month, with 7 of the top 20 by market capitalisation trading higher in afternoon trade today, as the broader All Ordinaries adds 16 points to 4
Large cap. resource stocks were mixed today, with ten trading higher and the other ten lower. The bolter was Paladin Energy which jumped over 10%, as investors consider the stock oversold in the wake of the re-rating after the Japanese tsun
A week is a long time in the equity markets, and suddenly major Australian resource stocks are back in fashion. Today 17 of the top 20 resources stocks by market cap. traded higher, as investors eye bargains after a two month down trend.
Major Australian resource stocks fell afoul of the investment community today, with just two of the top 20 by market capitalisation finishing the day green. The All Ordinaries lost almost 1% to close at 4512, ignoring the small Wall Street
Investors dumped major resource stocks in a selling frenzy, with only one of the top 20 resource stocks by market cap. closing the day in the green. The broader market suffered as bad, with the All Ordinaries off two per cent.
Major Australian resource stocks were sold off today, with only five of the top 20 stocks by market capitalisation ending the day higher. Across the broader market, the All Ordinaries closed 14 points lower at 4638.
Major Australian resource stocks were generally weaker today, with only seven of the top 20 stocks by market capitalisation ending the day higher. Industrials helped prop up the market, with the All Ordinaries adding 14 points to 4649.
Major Australian resource stocks roared back into the green today with 16 of the top 20 by market cap. trading higher, as investors re-enter the market to buy resource companies after the recent sell-off.
