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Among the winners, Sky City, the casino operator, stood out as a top performer, benefitting from investor confidence in the leisure and entertainment sector. IDP Education, a provider of international education services, also bounced back after recent setbacks. Similarly, Pilbara Minerals, a lithium mining company, saw its stock rise, likely buoyed by continued interest in lithium amid the global push for electric vehicle batteries.
The Heavy Hitters: Gold Sector and Corporate News
Gold Sector Sells Off
The gold mining sector faced a heavy sell-off, with Resolute Mining leading the decline. The sector’s downturn might be linked to fluctuating gold prices or broader liquidation strategies by investors seeking to minimize exposure to commodities.