S&P/ASX 200 gained 0.4% and the market was 0.3% higher.
Basic Materials (1.4%), Real Estate (1.3%), and Energy (1.2%) were the only 3 sectors with more than a 1% gain. Consumer Cyclical was the worst with a -0.4 % loss.
BHP Group (BHP, 2.7%), Rio Tinto Group (RIO, 2.3%), and Fortescue Metals Group (FMG, 2%) continued their rallies for more than 1 month now, helping Basic Materials to be the best sector today.
Despite being in Basic Materials, gold stocks didn’t do as well. SSR Mining (SSR) gapped down -4% to MA50, climbing back up to MA20 intraday with a 3.7% gain, but still closed back down to MA50. It was the worst performing large-cap stock.
Energy gained as WTI Crude Oil added about 1.5%.
360miq.com/market?data=ASX#tab-3
