Sonder Spotlight

Your weekly roundup of market moves and investor insights 💰

Author

Sonder Management
September 01, 2024 • Reading Time: 4 minutes

ASX Markets

  • The S&P/ASX200 closed up Friday, gaining 46.80 points or 0.58% to 8,091.90.

  • The top performing stocks in this index were Downer EDI Limited and Karoon Energy Limited, up 16.95% and 9.84% respectively.

  • More sectors are lower than higher over the last week, despite the gain in the S&P/ASX 200 Index

  • Industrials is the best performing sector, gaining +1.65% and +1.09% for the past five days.

  • Information Technology was the top-performing sector, up 8.65% over the past five days.

  • The index is currently 0.70% below its 52-week high.

Sector map calculated by performance for last 7 days.

S&P 500 Weekly Risers & Fallers

1 week performance of Standard and Poor's 500 index stocks categorised by sectors and industries. Size represents market cap.

Today in History

1st September 1941
Jews living in Germany are required to wear a yellow Star of David

Headline Roundup

Rincon Resources Identifies Niobium and REEs at West Arunta

The results from pXRF analysis highlight that Nb-REE anomalism is associated with syenite intrusive rocks at the Avalon and Sheoak Prospects.

Juststocks

Australian government backs De Grey Mining with $150m loan for Hemi gold project

With gold hovering around US$2,500 per ounce and tipped to rise even further, the Australian government has elected to provide significant new support for

Smallcaps

Gold Digger: Prices at all-time highs yet G&R says gold stocks have never been so cheap?! - Stockhead

Investor analysts G&R says gold stocks are vastly undervalued as ASX juniors in WA ride all-time-high bullion prices.

Stockhead

Northern Zone prospect is a perfect project for Riversgold says boss - ICYMI

David Lenigas, chairman of Riversgold Ltd (ASX:RGL), explains to Proactive why its Northern Zone prospect is the perfect project as the gold price soars...

Proactive Australia

Mineral Resources share price craters 9% as plunging profits suspend dividend

The Mineral Resources Ltd (ASX: MIN) share price is under heavy pressure following the ASX 200 miner’s FY 2024 results. Here’s why.

The Motley Fool

Closing Bell: ASX slides as Qantas' profit takes big dip; MC Mining triples on Chinese coal deal - Stockhead

The ASX lagged on Thursday after Nvidia’s disappointing Q3 guidance. Mineral Resources fell 8pc off a major profit drop

Stockhead

BHP plans further growth in copper production with new projects in Chile and Australia

BHP Group (ASX: BHP) has unveiled plans to significantly grow its copper business at a time when the red metal is recording increasing global demand.

Smallcaps

What to Watch

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