Shares in exchange-traded fund Global X Copper Miners, which trades under COPX, rose Friday as copper prices hit an eight-week intraday high on the London Metal Exchange, sending the fund's holding stocks upward.

--According to FactSet, LME 3-month copper prices rose 3.9% to $6,352 a ton at 1426 GMT, an eight-week intraday high.

--As copper prices rose, so did shares in COPX holdings Antofagasta PLC (ANTO.LN), KAZ Minerals PLC (KAZ.LN) and Glencore PLC (GLEN.LN), among others.

--Chile-based miner Antofagasta, which counts for 4.99% of COPX holdings, saw shares rise as much as 5.2% in the session. KAZ Minerals, a FTSE 250-listed copper miner, saw shares rise as much as 9%.

--Shares in COPX, which has net assets of $74.3 million and is issued by Mirae Asset Global Investments, rose 2.2% to $22.80 in early trade.

 

Write to Oliver Griffin at (oliver.griffin@dowjones.com; @OliGGriffin)

 

(END) Dow Jones Newswires

September 21, 2018 11:01 ET (15:01 GMT)

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