1. Australian stocks rose as resource stocks tracked gains in metal commodity prices. 2. AUSTRALIAN stocks rose, led by resources stocks amid optimism world economies will grow at a pace fast enough to fan rising commodity prices. 3. Australian stocks fell, led by resource stocks, as metal prices are seen declining after a slow down in the Japanese economy. 4. AUSTRALIAN stocks fell, ending a spate of record-breaking days, as declining metal commodity prices prompted a drop in resource stocks, led by Broken Hill Proprietary Co. 5. Bank stocks are being bought as they are seen as an alternative to resource stocks, said Wilson. 6. Almost two-thirds are mining or resource stocks. 7. Buckeridge said institutional shareholders in Magma may put some of the proceeds from the sale to BHP into Australian resources stocks. 8. Concern that an economic slowdown in Asia will reduce demand for raw materials has made resource stocks relatively unattractive, said Brentnall. 9. Declines in base and precious metals prices hurt many resources stocks. 10. Other stocks were mixed, with resource stocks generally lower on the day. |
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