Why Virgin Galactic Dropped after Branson’s Flight
Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
Australian equities ascend at close of trade
On Tuesday, Australian equities leapt after the close because revenues in the Financials, Metals & Mining as well as Materials sectors underpinned stocks.
The S&P/ASX 200 inched up 0.62%.
Galaxy Resources Ltd, Tabcorp Holdings Ltd and South32 Ltd rallied 10.13%, 4.33% and 3.72% respectively, thus becoming the best performers of the session on the S&P/ASX 200.
On the contrary, the worst performance on the S&P/ASX 200 was demonstrated by such benchmarks as Saracen Mineral Holdings Ltd, Regis Resources Ltd and Resolute Mining Ltd. They lost respectively 5.14%, 4.56% and 4.25%.
Soaring equities outnumbered diving ones on the Sydney Stock Exchange by 617 to 557, while 372 were intact.
Equities in South32 Ltd rallied to all time maximums, adding 3.72% and getting to 3.205.
The S&P/ASX 200 VIX, tracking the implied volatility of S&P/ASX 200 options, slumped 2.07% reaching 12.320.
The currency pair AUD/USD was intact sticking to 0.8027, AUD/JPY dipped 0.09% trading at 87.75.
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