Business Services Industry
Resources hold sway over traders.
Australasian Business Intelligence, August, 2005
Byline: John Wasiliev
Aug 07, 2005 (The Australian Financial Review - ABIX via COMTEX) -- The resources sector remained the main attraction for Australian derivative traders in early August 2005. This is despite the
fact that Commonwealth Bank, Telstra and Wesfarmers are due to report this week. Warrant and contract for difference promoters report that traders appear to be largely interested in profit-taking after BHP Billiton rose to $A20 and Rio Tinto broke through $A50. Man Financial's Anthony Anderson reports that traders are also taking long positions in Lihir Gold on expectations of a turnaround.
Publication Date: 8 August 2005
LIHIR GOLD LIMITED - ASX...
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