{"id":4313,"date":"2024-01-12T05:16:35","date_gmt":"2024-01-12T05:16:35","guid":{"rendered":"https:\/\/economicherald.net\/?p=4313"},"modified":"2024-01-12T05:16:35","modified_gmt":"2024-01-12T05:16:35","slug":"asx-large-caps-oil-gold-stocks-aud-rally-after-us-and-allies-carry-out-air-strikes-in-middle-east","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=4313","title":{"rendered":"ASX Large Caps: Oil, gold stocks, AUD rally after US and allies carry out air strikes in Middle East"},"content":{"rendered":"

ASX pared losses after a surge in oil-related stocks
\nEnergy stocks rose after US and UK conducted air strikes in Yemen
\nGold stocks also edged higher as investors rotated to safe haven assets<\/p>\n

\u00a0<\/p>\n

The ASX pared early losses to close the day just -0.25% lower on Friday. For the week, the benchmark ASX200 index was flat.<\/p>\n

The market was earlier reeling from the higher than expected US inflation data<\/strong> overnight, which showed that consumer prices in the US picked up again in December to 3.4% (from 3.1% in November).<\/p>\n

On the ASX today, Utilities<\/strong> and and Consumer Staples<\/strong> sectors were the worst laggards, while oil and gold stocks overperformed.<\/p>\n

Oil-related stocks rose after crude prices jumped by 2% overnight, spurred on by news that Iran had seized a tanker with Iraqi crude destined for Turkey.<\/p>\n

The oil market climbed further today after reports the US and its allies have launched airstrikes on Houthi targets in Yemen, spurring traders to pile in on energy related stocks.<\/p>\n

Gold stocks also edged higher as investors rotated to safe haven assets.<\/p>\n

The Aussie dollar meanwhile has also surged rapidly on the news, up by 0.35% to US6712c.<\/p>\n

Across the region, Asian stock markets were mixed after China\u2019s consumer prices fell for a third straight month in December, pointing to a weak domestic demand. China reported an inflation rate of -0.3% in December, compared with -0.5% in November.<\/p>\n

\u00a0<\/p>\n

BIG CAP WINNERS<\/h2>\n

Swipe or scroll to reveal the full table. Click headings to sort.<\/em><\/p>\n

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Code Name Price % Change Volume Market Cap BOE Boss Energy Ltd 5.15 6.1856 3,479,685 $1,981,963,864 SNZ Summerset Grp Hldgs 10.07 4.8958 583 $2,249,101,267 NEU Neuren Pharmaceut. 23.71 4.3115 303,802 $2,892,748,815 BPT Beach Energy Limited 1.5775 3.1046 18,912,527 $3,490,440,494 TLX Telix Pharmaceutical 10.45 2.8543 849,274 $3,289,063,099 BGL Bellevue Gold Ltd 1.565 2.623 2,154,554 $1,755,165,327 SFR Sandfire Resources 6.78 2.5719 795,496 $3,020,719,790 PSI Psc Insurance Ltd 4.62 2.439 202,227 $1,644,452,576 MPL Medibank Private Ltd 3.81 2.4194 3,258,547 $10,244,892,053 NIC Nickel Industries 0.66 2.3256 3,926,847 $2,764,347,373 PDN Paladin Energy Ltd 1.2125 2.3207 30,252,593 $3,535,300,007 SLX Silex Systems 5.01 2.2449 777,727 $1,156,135,768 SUL Super Ret Rep Ltd 15.69 2.215 277,329 $3,466,436,775 JLG Johns Lyng Group 6.91 2.0679 521,975 $1,881,205,552 NWL Netwealth Group 16.28 2.005 152,957 $3,894,660,674 STO Santos Ltd 7.58 1.8817 3,738,273 $24,163,430,830 <\/div>\n

WordPress Table Plugin<\/a><\/p>\n

Oil stocks Beach Energy (ASX:BPT)<\/a><\/strong>, Santos (ASX:STO)<\/a><\/strong> and Woodside Energy\u00a0(ASX:WDS)<\/a><\/strong> all gained after US air strikes in Yemen,<\/p>\n

Gold stocks Northern Star (ASX:NST)<\/a><\/strong>, Silver Lake (ASX:SLR)<\/a><\/strong> and Sandfire Resources (ASX:SFR)<\/a> <\/strong>also lifted as investors sought the safe haven of gold.<\/p>\n

\u00a0<\/p>\n

BIG CAP LOSERS<\/h2>\n

Swipe or scroll to reveal the full table. Click headings to sort.<\/em><\/p>\n

<\/div>\n
Code Name Price % Change Volume Market Cap HLS Healius 1.475 -6.6456 2600159 $1,147,185,928 RED Red 5 Limited 0.2875 -4.1667 2874188 $1,039,140,165 SGR The Star Ent Grp 0.525 -3.6697 13850966 $1,563,431,078 AWC Alumina Limited 1.09 -3.5398 10813667 $3,278,900,001 AMP AMP Limited 0.95 -3.0612 5476460 $2,686,259,286 MGH Maas Group Holdings 3.74 -2.8571 225121 $1,262,508,559 TUA Tuas Limited 3.1 -2.8213 148956 $1,487,748,279 OCL Objective Corp 12.27 -2.4642 12459 $1,197,726,905 APA APA Group 8.33 -2.459 775360 $10,956,460,799 NWH NRW Holdings Limited 2.785 -2.2807 376401 $1,291,187,142 AGL AGL Energy Limited. 9.045 -2.2162 2465572 $6,222,911,905 IFL Insignia Financial 2.33 -2.1008 934314 $1,586,571,672 ARB ARB Corporation. 33.92 -2.0502 57612 $2,847,293,872 <\/div>\n

WordPress Table Plugin<\/a>
\n<\/span><\/p>\n

The post ASX Large Caps: Oil, gold stocks, AUD rally after US and allies carry out air strikes in Middle East<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

ASX pared losses after a surge in oil-related stocks Energy stocks rose after US and UK conducted air strikes in Yemen Gold stocks also edged [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":4314,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nASX Large Caps: Oil, gold stocks, AUD rally after US and allies carry out air strikes in Middle East - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=4313\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASX Large Caps: Oil, gold stocks, AUD rally after US and allies carry out air strikes in Middle East - 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