ASX Jumps 0.4pc at the Open, Buoyed By Gains From the Materials and Energy Sectors

Australian Financial Review2022-10-03

The S&P/ASX 200 added 0.4 per cent, or 28.1 points, to 6502.3 in the opening minutes of trade, buoyed by gains from the materials and energy sectors.

Santos rose 2.3 per cent to $7.25, Mineral Resources added 2.2 per cent to $67.19, Woodside Energy firmed 2.2 per cent to $32.35 and BHP climbed 1.4 per cent to $39.05.

West African Resources dropped 5.2 per cent to 99.5¢ following a change in the military leadership in Burkina Faso on the weekend where it’s Sanbrado gold operation is located.

Core Lithium fell 7.2 per cent to $1.02 after completing its $100 million placement at $1.03 a share.

Janus Henderson declined 3.8 per cent to $31.63 after announcing changes to its board, including the retirement of chairman Richard Gillingwater.

A2 Milk firmed 2.4 per cent to $5.53 after renewing its import and distribution arrangements with China State Farm Agribusiness.

Liontown Resources added 1 per cent to $1.50 after receiving approvals for its Kathleen Valley operation.

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