Fortescue Ltd finished Tuesday at A$19.58, down 4.49%, after touching a session low of A$19.54. BHP Group dropped 2.62%, while Rio Tinto slipped 2.40%.
Fortescue shares kicked off the week under pressure as fresh data over the weekend showed a dip in China’s factory output. The miner’s stock ended Friday down 2.7%, closing at A$21.00 on the Australian Securities Exchange.
Fortescue Ltd shares will see their next trading update on Tuesday, following the Australia Day holiday shutdown on Monday. The stock ended Friday’s session at A$21.51.
Fortescue Ltd ended Friday at A$21.51, edging up 0.14%. The slight rise followed a steep 5.12% fall the day before, which sparked fresh scrutiny of its cost structure.
Fortescue Ltd shares closed Friday at A$21.51, up 0.14%, bouncing back slightly after a 5.1% drop the day before that knocked more than A$1 off the price. The ASX cash market will be closed Monday for Australia Day and will reopen on Tuesday.
Fortescue Ltd shares climbed 1.7% to close at A$22.64 on Wednesday, recovering slightly after a weak period for iron ore-related stocks ahead of the miner’s upcoming production report. The day’s trading saw the stock fluctuate between A$22.13 and A$22.76. Meanwhile, BHP Group rose 1.5% and Rio Tinto added 2.6%.
Fortescue Ltd shares ended Friday 0.3% higher at A$22.82, following the iron ore miner’s update on advancing its efforts to electrify operations in the Pilbara.
Fortescue Ltd shares edged up 0.35%, closing at A$22.65 Wednesday. The stock fluctuated between A$22.42 and A$22.88 during the session, with investors gearing up for new China-related developments ahead.
Fortescue Ltd shares closed Friday just off, down 0.18% at A$22.71, following a turbulent start to the week for resource stocks. The Australian market is closed over the weekend, giving investors a pause before Monday brings iron ore news and deal developments back into focus.
Fortescue Ltd shares eased on Friday, with iron ore-linked miners struggling to find a clear direction after a sharp drop in Rio Tinto added to sector unease. Fortescue closed down 0.2% at A$22.71, about 3% below its 52-week high of A$23.38. BHP climbed 0.8%, while Rio Tinto sank 6.3%. Google+2Google+2
Fortescue Ltd shares slipped 0.18% to A$22.80 at the close on Wednesday, after opening at A$23.35 and fading from near a 52-week peak as early buying cooled. StockAnalysis