2nd day of ASX losses, lithium shines: Aus shares close 0.7% lower
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14 Mar 2018 - Market Wrap Report: The ASX200 fell at the open, really following negative leads from Wall Street. Dow futures pointing for a fall of 22 points down, ASX futures down 32 points. All local sectors traded lower today with healthcare falling the most. Miners saw the least losses, Rio Tinto (ASX:RIO) and Fortescue (ASX:FMG) continued to move away from their 50-day moving averages but both closed higher. Lithium companies again took the cake, snapping oversupply fears, Galaxy Resources (ASX:GXY) gained 9 per cent, Orocobre (ASX:ORE) up over 5 per cent. Plus news on National Australia Bank (ASX:NAB) buying Aurizon Holdings (ASX:AZJ), Rio Tinto (ASX:RIO) vote request, Murray Goulburn (ASX:MGC) to vote on sale to Saputo and Tawana Resources (ASX:TAW) kicking off lithium production. Watch for details and more news.
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SUMMARY
14 Mar 2018 - Market Wrap Report: The ASX200 fell at the open, really following negative leads from Wall Street. Dow futures pointing for a fall of 22 points down, ASX futures down 32 points. All local sectors traded lower today with healthcare falling the most. Miners saw the least losses, Rio Tinto (ASX:RIO) and Fortescue (ASX:FMG) continued to move away from their 50-day moving averages but both closed higher. Lithium companies again took the cake, snapping oversupply fears, Galaxy Resources (ASX:GXY) gained 9 per cent, Orocobre (ASX:ORE) up over 5 per cent. Plus news on National Australia Bank (ASX:NAB) buying Aurizon Holdings (ASX:AZJ), Rio Tinto (ASX:RIO) vote request, Murray Goulburn (ASX:MGC) to vote on sale to Saputo and Tawana Resources (ASX:TAW) kicking off lithium production. Watch for details and more news.
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