Market Close 5 Aug 22: Miners help the ASX end the week on a strong note

The Aussie sharemarket finished near session highs and rose for the first time in three days, with the ASX 200 up 40.7pts or 0.58 per cent, to 7015.6. The mining sector did much of the heavy lifting today after it rose by 1.9 per cent – the strongest rally it’s had this week. Gold miners climbed on the back of a 1.7 per cent increase in the price of gold futures. Tech stocks failed to maintain their early improvements and finished 1.3 per cent lower. The Energy sector also fell after shares of local oil producers came under pressure on the back of a retreating oil price.

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