Stocks to watch
Stocks making moves or news on the ASX at the close on Wednesday, October 3:
BHP - BHP - up 38 cents, or 1.1 per cent, at $35.08
RIO - RIO TINTO - up $1.43, or 1.8 per cent, at $79.50
Strong oil prices and a jump in metal prices overnight helped the big miners climb higher on Wednesday.
NCM - NEWCREST MINING - up 63 cents, or 3.3 per cent, at $19.72
NST - NORTHERN STAR RESOURCES - up 37 cents, or 4.4 per cent, at $8.73
EVN - EVOLUTION - up 10 cents, or 3.8 per cent, at $2.73
Booming precious metal values, which proved a safe-haven for risk-averse overnight investors, saw local gold miners gain.
FIG - FREEDOM INSURANCE GROUP - down 3.3 cents, or 25 per cent, at 9.7 cents
Freedom Insurance has suspended sales, its CEO is leaving and it will cut staff following damaging revelations at the banking royal commission.
MYR - MYER HOLDINGS - up one cent, or two per cent, at 52 cents
Shares in Myer Holdings rose after largest shareholder Premier Investments Ltd, chaired by billionaire Solomon Lew, asked the company for a list of its owners, fuelling speculation of a takeover offer.
VCX - VICINITY - down one cent, or 0.4 per cent, at $2.60
Retail property trust Vicinity Centres will sell ten regional and neighbourhood shopping centres across NSW, Queensland, Western Australia, and Victoria for $631 million, as it ramps up plans for its city prestige projects.
BPT - BEACH ENERGY - up three cents, or 1.4 per cent, at $2.17
ORG - ORIGIN ENERGY - up four cents, or 0.5 per cent, at $8.42
STO - SANTOS - up four cents, or 0.6 per cent, at $7.35
Oil prices cooled overnight but were still close to four-year highs and continued to push the energy sector higher on Wednesday.
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