Join our daily newsletter At The Bell to receive exclusive market insights
The ASX has been trading mostly flat, down by a whisker at 7,781 points.
Real Estate has been the best sector, up 1.15%, followed by Telecommunication, up 0.55%, and Information Technology, up 0.5%. Discretionary has been the worst performer, down 0.8%; Staples is down 0.35% and Financials has lost 0.2%.
Macquarie has downgraded ASX mining stocks, resulting in big share price moves in the sector. The broker slashed coal forecasts due to softer demand and modest supply growth from Russia and Mongolia. It downgraded Whitehaven Coal and New Hope to “neutral” and Coronado to “underperform.”
Among the most watched on HotCopper forums today is MTM Critical Minerals (ASX:MTM) which entered into a partnership with Vedanta on aluminium waste.
Also trending is Greentech Metals (ASX:GRE), which today unveiled a massive sulphide intersections at its Whundo Copper project.
Rounding out the most discussed: Boss Energy (ASX:BOE), after it doubled its stake in Queensland uranium developer Laramide Resources (ASX:LAM) today.
More market news
Together: The U.S. has suspended aid to Ukraine. Will Europe step into the breach?
Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst
Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
-1200x645-380x200.jpg)
-1200x645-380x200.jpg)