The S&P/ASX 200 Index eked out a 4.4 point rise to 7063.6. Warrego jumped 10 per cent to 38¢; Strike rose nearly 12 per cent to 37.5¢.
Australian shares held on to a small gain on Thursday as the prospect of brighter trade with China failed to translate to more optimism in the equity market.P/ASX 200 Index added just 4.4 points to 7063.6 and the All Ordinaries 0.1 per cent to 7259.3.with Australia to resume on a selective basis.its all-cash takeover offer to 36¢ from 28¢.
conducted through Bell Potter, which has acted for MinRes in the past, and fuelling speculation the diversified giant is also eyeing Warrego.after staging a late session rally on Wednesday when the news brokeIt was more of a case of “buy the news, sell the fact”, said Matt Wacher, chief investment officer, Morningstar.
Brent Crude futures bounced 1 per cent to $US78.61 a barrel and US West Texas Intermediate crude futures firmed by a similar margin to $US73.67.The value of Australian LNG exports surged 86 per cent last year to almost $93 billion as exporters cashed in on upheaval in global energy markets worsened by Russia’s war on Ukraine and as domestic consumers felt the pain of surging prices.The February iron ore contract traded in Singapore fell 0.9 per cent to $US114.05 a tonne.Core Lithium gained 7.
The central bank will keep the yuan exchange rate basically stable while pushing forward yuan internationalisation in an orderly manner, it said.
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