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Fortescue Ltd (ASX:FMG)

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Fortescue Ltd (ASX: FMG) is a global leader in the iron ore industry, known for its leading development of world class infrastructure and mining assets in the Pilbara region of Western Australia. Fortescue was founded in 2003 by Andrew Forrest, who is now one of Australia’s wealthiest people. The vast majority of Fortescue’s iron ore, a steel-making ingredient, is shipped and sold to Chinese customers.

Fortescue Ltd (ASX:FMG) share price

Fortescue Ltd (ASX:FMG) share price news

ASX Bank Shares
James Dunn

Uncharted territory for the Australian market

The benchmark S&P/ASX 200 (INDEXASX: XJO) closed up 80.5 points, or 1.1 per cent, to 7,680.7 – 51.8 points, or 0.7 per cent, above the previous closing record of 7,628.9 points, which was reached in August 2021. The broader All Ordinaries (INDEXASX: XAO) index added 77.8 points, or 1 per cent, to 7,912.8.

ASX Bank Shares
James Dunn

7-Up for S&P/ASX 200 (INDEXASX:XJO)

The benchmark S&P/ASX 200 (INDEXASX: XJO) index added 21.8 points, or 0.3 per cent, to 7600.2 at the closing bell, with seven out of the 11 sectors finishing in the green. The All Ordinaries (INDEXASX: XAO) edged up 0.3 per cent.

ASX Bank Shares
James Dunn

Oil and gas lifts local market on Monday

The S&P/ASX 200 (INDEXASX: XJO) closed up 23 points, or 0.3 per cent, to 7578.4, around 50 points shy of its all-time high reached in August 2021. The broader All Ordinaries (INDEXASX: XAO) gained 23.1 points, also 0.3 per cent, to 7,808.3.

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