Home » Australian Stock Market » ASX stock, Rio Tinto, BHP Billiton down january 30 2012

Sunday, January 29, 2012

ASX stock, Rio Tinto, BHP Billiton down january 30 2012

ASX stock, Rio Tinto, BHP Billiton down january 30 2012 : Resource stocks on the ASX looked strong today, with the majority trading higher or flat in the afternoon, despite weakness on he overall market.

The benchmark All Ordinaries index was trading down 12 points at 2pm AEDT, following a drop in the U.S. market on Friday due to lower than expected economic growth.

However, of the top 20 resource stocks by market capitalisation, the majority managed to hold their ground, with less than half trading down at 2pm.


Interestingly, mining majors BHP Billiton (ASX: BHP) and Rio Tinto (ASX: RIO) both made the losers list today, BHP trading down 0.24% at $37.57 while Rio dropped 1.3% to $68.87.

Paladin Energy (ASX: PDN) took out the top position, rising 4.34% to $1.805 in intraday trade.

Lynas Corporation (ASX: LYC) was second in the ranks, trading at $1.315, up 2.34%, while Perseus Mining (ASX: PRU) was close behind, up 2.24% at $2.965.

Mineral sands producer Iluka Resources (ASX: ILU) rose 1.23% to $18.93, followed by Alumina (ASX: AWC), up 1.15% at $1.315.

Oil and gas company Santos (ASX: STO) was up 0.45% at $13.54.

In gold news, strength in spot gold, which hit a high of $1740.60, up 11.39% on the 30 day price, lifted local gold plays.

Regis Resources (ASX: RRL) increased 0.75% to $4.02, Resolute Mining (ASX: RSG) rose 0.25% to $2.045, Alacer Gold (ASX: AQG) grew 0.22% to $8.97 and Newcrest Mining (ASX: NCM) was up 0.15% at $34.45.

Atlas Iron (ASX: AGO) was trading flat.

Joining Rio and BHP at the bottom of the market was Oil Search (ASX: OSH), leading the way down with a 1.52% drop to $6.49.

Woodside Petroleum (ASX: WPL) had fallen 0.93% to $34.16, followed by OZ Minerals (ASX: OZL), down 0.81% at $10.98.

Beach Petroleum (ASX: BPT) dropped 0.54% to $1.462.

Iron ore play Mount Gibson Iron (ASX: MGX) was down 0.56% at $1.422, joined by Fortescue Metals Group (ASX: FMG), with a 0.4% drop to $5.04. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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