ASX 200 dips as AusGov shells out for small critical minerals stocks, Gina for Lynas, gold shines
Aussie shares dipped into the red by the close but there were several bright spots including critical minerals and gold stocks.
%20Intraday%20Chart%2017%20Apr%202024.png)
Aussie shares dipped into the red by the close but there were some bright spots. Renascor Resources (ASX: RNU) and Alpha HPA (ASX: A4N) both received Australian Government grants to support their respective critical minerals projects.
Elsewhere, WA zillionaire Gina Rinehart continued her buying spree in any stock she feels is in the business of producing critical minerals. This time it was rare earths major Lynas Rare Earths (ASX: LYC).
Gold stocks regained their shine after two days of losses, and the gold sector remains the best performing among the major ASX indices. For details on all of the above and much more...
Let's dive in!
>>Access today's full Evening Wrap from Market Index<<
Please note that as of Monday 6th May, 2024, we will no longer be posting the Evening Wrap onto the Livewire Markets website. If you would like to continue reading the Evening Wrap, we would encourage you to view this on Market Index and signup to the free daily email so you can receive it straight to your inbox.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.
........
Investing is risky. Inevitably you will endure losses. If you can't cope with losing, don't invest.
5 topics
11 stocks mentioned
Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...
Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Do higher risk investments earn higher returns?
Aoris Investment Management