Xinhua Asia-Pacific news summary at 1000 GMT, March 3 thailandnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thailandnews.net Daily Mail and Mail on Sunday newspapers.
Counsellor explains why it takes so long for victims to come forth neoskosmos.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from neoskosmos.com Daily Mail and Mail on Sunday newspapers.
The Australian market closed session higher on Wednesday, 03 March 2021, as market participants started purchases on dips and buybacks following the market s downturn the day before. Meanwhile, bargain buying also propelled by better than expected GDP data for the fourth quarter of 2020 (October to December).
At closing bell, the benchmark S&P/ASX200 advanced 55.71 points, or 0.82%, to 6,817.98. The broader All Ordinaries added 57.97 points, or 0.83%, to 7,067.86.
Most sectors on the market improved, materials easily contributing most to broader advances, followed by financials, energy, consumer discretionary and industrials.
Gold miners were some of the biggest winners for the day. Ramelius Resources (RMS) ended 13.7% higher while larger gold miner, Northern Star (NST) gained 4.2%. Major miners Fortescue Metals (FMG) and BHP Group (BHP) roughly added 27 points alone.
Advertisement
Resource exploration spending in Queensland increased by almost AUS$130 million or 23% in 2020, according to new data released by the Australia Bureau of Statistics.
Queensland Resources Council (QRC) Chief Executive, Ian Macfarlane, said increased expenditure in coal, metals and gas exploration was a strong signal in the long-term confidence of the resources sector, particularly in the wake of the devastating impact COVID-19 has had on sections of the economy.
“These latest exploration expenditure figures tell a very positive story about the new investment and new jobs that are going to help Queensland work and earn its way through COVID,” Macfarlane said.