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Pin to quick picksStrategic Minerals Share News (SML)

Share Price Information for Strategic Minerals (SML)

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Australia shares gain for first day in 4; NZ also up

Wed, 04th Apr 2018 07:50

* Aussie and NZ shares of a2 Milk among top gainers on bothbenchmarks

* CBA, NAB and Westpac reverse trend to end higher(Updates to close)

By Susan Mathew

April 4 (Reuters) - Australian shares snapped a three-daylosing streak to end higher on Wednesday as real estate andconsumer stocks perked up after positive home building andretail sales data.

The S&P/ASX 200 index closed up 0.2 percent, or 9.5points, at 5,761.4.

Investors bought real estate stocks after data showed thatthough approvals to build new homes eased 6.2 percent inFebruary, overall home building is holding up better than manyanalysts had expected, with strength showing through in detachedhouses where approvals hit their highest in almost two years.

Mall operator stocks Scentre Group and propertydeveloper Mirvac Group rose 2.4 percent and 1.4percent, respectively.

Consumer stocks took heart from data showing that Australianretail sales rebounded, beating expectations, a sign thatconsumers may be coming out of the doldrums and contribute toeconomic growth.

Infant formula maker Bellamy's Australia, up 7.1percent, and dairy company a2 Milk, up 5.1 percent,were the top gainers on the benchmark.

Three of the 'Big four' were back in the black, after havingfallen earlier in the session, ending 0.3 percent to 0.8 percenthigher, while ANZ continued to fall.

On the ASX All Ordinaries index, Blue SkyAlternative Investments was the worst performer, down18.6 percent, as it resumed trading after U.S. short-sellerGlaucus Research Group claimed it had overstated its size,exaggerated performance and over-valued assets.

New Zealand's benchmark S&P/NZX 50 index fell 0.8percent, or 68.15 points, to finish the session at 8,398.08.

Dairy companies led gains with Synlait Milk rising 4.6percent and a2 Milk gaining 3.6 percent.

Air New Zealand climbed 3.6 percent. The airlinecompany said it would not renew its alliance with VirginAustralia, covering flights between the two countries, ending a7-year alliance between the two companies.

Virgin Australia shares ended 4.4 percent lower after theannouncement.(Reporting by Susan Mathew in Bengaluru; Editing by KimCoghill)

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(Sharecast News) - Producing mineral company Strategic Minerals announced on Wednesday that its wholly-owned subsidiary Cornwall Resources (CRL) has identified further significant high-grade tin in four pit samples taken to the west of its main Redmoor deposit.

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Cobre sales remain muted as Strategic Minerals works on future

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25 Oct 2021 16:33

Strategic Minerals raises £0.4m to help fund Paltridge North work

(Sharecast News) - Battery metals-focussed producing mineral company Strategic Minerals raised £0.4m before expenses, it announced on Monday, to help it complete required work on the Paltridge North deposit.

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IN BRIEF: Strategic Minerals raises GBP400,000 to advance projects

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8 Oct 2021 12:54

Strategic Minerals negotiating finance for Leigh Creek

(Sharecast News) - Producing mineral company Strategic Minerals updated the market on funding progress for the Leigh Creek Copper Mine project, as well as addressing the conditional elements of the project's programme for environmental protection and rehabilitation (PEPR), on Friday.

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8 Oct 2021 11:14

IN BRIEF: Strategic Minerals progressing with Leigh Creek mine funding

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EARNINGS UPDATES: Gusbourne and Getech report interim revenue growth

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28 Sep 2021 15:58

Strategic Minerals reports 'significant' tin result from Redmoor trenching

(Sharecast News) - Strategic Minerals announced on Tuesday that its wholly-owned subsidiary Cornwall Resources (CRL) has successfully completed a trenching and auger exploration programme to investigate the possible presence of extensions of mineralisation to the west of the established Redmoor resource.

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2 Aug 2021 17:48

IN BRIEF: Strategic Minerals notes potential for CVI claim recovery

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Strategic Minerals reports 6.5% fall in annual Cobre sales

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