CAPITAL MARKETS

BHP hits high note

Shares hit highest level since September 2014

Staff reporter
Shares hit highest level since September 2014

Shares hit highest level since September 2014

The gain represents a rise of about 15% so far this year.

BHP's shares dropped back a little over the course of the day and were down about 0.4% this afternoon to $33.64 at the time of writing.

Commodity prices had recorded mixed results over the past 24 hours, with nickel surging more than 3%, iron ore up around 1% but copper down about 0.7%.

Elsewhere, London's metals and mining sector managed a slight gain yesterday of 0.04%.

Among the majors, Rio Tinto (LSE: RIO) closed up 0.4% and Anglo American (LSE: AAL) was down 1%.

In the US, the S&P500 metals and mining sector closed 0.33% lower.

S&P/TSX Composite Index's metals and mining sector managed a 0.13% gain, helped largely by Ivanhoe Mines' (TSX: IVN) rise of 4.67% as it continues this month's share price recovery.

Also in Toronto, Lucara Diamond Corp (TSX: LUC) gained 3.48% but remains near a 52-week low reached in late March.

Finally, in South Africa Anglogold Ashanti (JSE: ANG) closed down 1.51% yesterday which represents a drop of 14.24% year-to-date.

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