ASX 200 rises; Elders profit, dividend down; Star jumps on Hard Rock interest; Michael Hill dives
Index advances towards March closing record as gold, iron ore jump. Star jumps with Hard Rock consortium among suitors. Elders gains. Profit warning, analyst downgrades hit Michael Hill. Guidance boost for Nuix.
Welcome to the Trading Day blog for Monday, May 20. The ASX 200 index closed 0.6 per cent higher at 7863.70 points, led by strong mining and energy sector gains. This week the index may test its March 28 record high close of 7896.90 points.
The Aussie dollar is trading near US67.01c.
More Coverage
May rate cut ‘locked in’; ASX plots strong finish before Anzac Day break
Westpac's Luci Ellis predicts rate cuts in May, Aug, Nov. Miners lead local gains. Mixed Asian markets reflect Trump trade uncertainty amid softening stance on China.
ASX 200 mostly erases April tariff losses; gold miners dive
Trade deals optimism rises as US President Donald Trump softens stance on China, Fed chair Jerome Powell. Paladin top gainer. Safe-haven gold pulls back from its record high.