AUSTRALIA – Bluescope Steel Limited (ASX:BSL)’s stock was up 8.38 percent in morning trade on the Australian Stock Exchange, trading at AU$4.14 a share to become the early top gainer.
About 2.4 million shares were already trading before the noon break with the stock reaching a high of AU$4.15 after closing at AU$3.82 on Tuesday.
Bluescope Steel Limited (ASX:BSL) has a 52-week high of AU$5.78 and a 52-week low of AU$2.70. Its annual dividend yield is 0.79.
Shares of Bluescope Steel Limited were up while the Australian share market was flat at noon.
Financials continue to lag, while BHP’s strong quarterly numbers have provided miners with a lift.
The S&P/ASX 200 index is 14 points down at 5,221. On the futures market the SPI is 17 points lower.
BlueScope Steel Limited is an Australia-based technology manufacturer in metal coated and painted steel building product company.
It is principally focused on the Asia-Pacific region, with a range of branded products that include pre-painted COLORBOND steel, zinc/aluminum alloy-coated ZINCALUME steel and the LYSAGHT range of building products. – BusinessNewsAsia.com