Here’s how the ASX 200 is shaping up on Friday.
The post What shares are moving the ASX 200 on Friday? appeared first on The Motley Fool Australia. –
The S&P/ASX 200 Index (ASX: XJO) has jumped out of the gate on Friday morning. This follows another strong session in US markets overnight. Clearly, the enthusiasm has tipped over into ASX shares this morning.
At the time of writing the benchmark index is trading 0.32% higher to 7,510 points.
Let’s look at what ASX 200 shares are making the biggest moves on the market.
ASX 200 shares on the move
Shareholders might have something to celebrate at the end of today, as the benchmark index moves higher. While there are still some companies lagging behind, most of the ASX 200 shares are pulling ahead on Friday.
Heading into lunch, miners and energy shares are making the biggest moves to the upside today. These include Whitehaven Coal Ltd (ASX: WHC), 桑托斯集团 (ASX: STO), Orocobre Limited (ASX: ORE), and Alumina Limited (ASX: AWC). Energy shares are getting a boost today after oil surpassed $70 a barrel for the first time in over a month.
Meanwhile, making the heftiest moves to the downside is information technology shares. These include Afterpay Ltd (ASX: APT), and Xero Limited (ASX: XRO) — falling 2.7% and 1.1% respectively. Additionally, Dicker Data Ltd (ASX: DDR) is taking a breather today after gaining more than 5% per day for the last two trading sessions. Shares in the wholesale computer products distributor are down 2.1%.
Here are the top 10 movers on the ASX 200 heading into lunch on Friday:
Iluka Resources Limited (ASX: ILU)
Orocobre Limited (ASX: ORE)
Whitehaven Coal Ltd (ASX: WHC)
Pilbara Minerals Ltd (ASX: PLS)
IDP Education Ltd (ASX: IEL)
TechnologyOne Ltd (ASX: TNE)
Zimplats Holdings Ltd (ASX: ZIM)
Alumina Limited (ASX: AWC)
OZ Minerals Limited (ASX: OZL)
Mineral Resources Limited (ASX: MIN)
Data as at 11:16am AEST
What else is making news?
Whether in the biggest movers list or not, there are few notable announcements from ASX 200 constituents today.
Firstly, Technology One has announced an acquisition. According to the release, the enterprise software company expects to pay $22.4 million for Scientia Resource Management. The company to be acquired is a software business in the United Kingdom that services the higher education sector.
Secondly, Lendlease revealed that its Chief Executive Officer, Mr Tony Lombardo, will be appointed Managing Director. This arrangement will be effective from today.
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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Idp Education Pty Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.