CAPITAL MARKETS

Lacklustre session on eve of budget

BUDGET eve saw cautious gains for the resources camp today. While prices on the London Metal Exchange looked grim, business confidence recorded new lows and talk of major banking mergers left some sectors nervous, most companies occupying the larger end of the resources market closed the day in positive territory.

Charlotte Dudley

There were gains, albeit marginal, for the big guns with BHP Billiton closing 35c (0.75%) higher on $46.85 and Rio Tinto nudging 24c (0.16%) ahead to $146.76. Just days away from its first shipload of...

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