Argo Investments Limited (AU:ARG) has released an update.
Argo Investments Limited reports a rise in their net tangible asset backing per share, reflecting a positive market response to the US Federal Reserve’s significant interest rate cut and China’s largest monetary stimulus since 2015. This favorable economic climate contributed to a +3.0% gain in the S&P/ASX 200 Accumulation Index, with Argo’s mining stocks, particularly BHP and Rio Tinto, posting strong performance. The company emphasizes its low-cost, internally managed structure and long-standing track record of delivering dividends and capital growth to shareholders.
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