Market Wrap / green shoots return

Despite a negative start, investors reversed course and the S&P/ASX 200 closed 0.02% higher to 8,636.40 points this Monday. Some market-heavyweights still prevented further gains. CBA dropped by 1.01% while BHP suffered from lower copper prices following weak economic data from China. Rio Tinto went in the other direction however, as it is partnering with environmental technology company Calix, to test low emissions steel making. The market picture was indeed more contrasted than on Friday, with more stocks making gains. One of them was Pro Medicus, on a broker upgrade and a $44-million dollar five year cloud contract. Elders, meanwhile, saw its net profit for the year increase 12%, and the stock jumped by 6.54%. Tomorrow, the RBA meeting minutes are due, along with results from TechnologyOne, ALS and Catapult.