Date: Dec 24, 2018
Shares of FENIX RESOURCES LTD (ASX:EMG) last traded at 0.045, representing a move of 400%, or 0.036 per share, on volume of shares. After opening the trading day at 0, shares of FENIX RESOURCES LTD traded in a close range. FENIX RESOURCES LTD currently has a total float of shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 0.009 and high of 0.009.
S&P/ASX 200: Directing Asian Economy Growth
CG Watch has recently named Australia as one of the Asian nations with the best corporate governance, which is essential in carrying out national economic growth prospects. The Australian Securities Exchange (ASX) is the perfect reflection of Australia’s thriving national economy.
It includes companies with perfect liquidity like FENIX RESOURCES LTD. The ASX is one of Asia’s leading stock exchanges. As of 2014, it has a market capitalization of A$1.60 trillion with over 2,000 companies listed on it. Its benchmark index is the S&P/ASX 200, which weighs its top 200 stocks on a free-float market capitalization basis.
About the S&P/ASX 200
The S&P/ASX 200 was launched in April 2000, starting at 3,133.30 points. Regardless, it continues from the history of the previous Australian benchmark index, All Ordinaries, which was founded in January 1980. Consequently, the S&P/ASX 200 holds an all-time low of 1,358.50 points, which was recorded in November 1992; and an all-time high of 6,828.70 points, which was posted in November 2007.
The S&P/ASX 200 first touched the 6,000 mark in February 2007 as investors began resorting to safe-haven markets such as the ASX with the looming threat of the 2008 Global Financial Crisis. An ability to transform assets into cash as in case of FENIX RESOURCES LTD was highly appreciated by nervous traders. Australia has always been an ideal market for investors because of its low interest rates and compelling corporate governance. Having low interest rates means that investors can better access capital through loans.
