Resource stocks in vogue again on back of China hopes

Original article by Jessica Sier
The Australian Financial Review – Page: 16 : 19-Sep-16

The uncertain outlook for the Chinese economy weighed on both commodity prices and resources stocks earlier in 2016. However, Australia’s resources sector is back in favour with investors, amid growing optimism about the Chinese economy. Whitehaven Coal has gained 250 per cent in the year to date, while pure-play iron ore producer Fortescue Metals Group has risen by 164 per cent.

CORPORATES
WHITEHAVEN COAL LIMITED – ASX WHC, FORTESCUE METALS GROUP LIMITED – ASX FMG, SYRAH RESOURCES LIMITED – ASX SYR, OROCOBRE LIMITED – ASX ORE, GALAXY RESOURCES LIMITED – ASX GXY, CREDIT SUISSE (AUSTRALIA) LIMITED, HSBC AUSTRALIA HOLDINGS PTY LTD, REGAL FUNDS MANAGEMENT PTY LTD, BHP BILLITON LIMITED – ASX BHP, SOUTH32 LIMITED – ASX S32

Leave a comment