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How Regis Resources Limited became king of the S&P/ASX 200

What’s Latin for king? 

“Regis” of course. And gold production and exploration company Regis Resources Limited (ASX: RRL) certainly lived up to its mantle yesterday as the only S&P/ASX 200 share to book a gain on a day that can only be described as a bloodbath.

Regis opened very slightly down on February 7 after finishing yesterday up 0.2% to $4. Over the past week even sector darlings BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) took expected tumbles as a reaction to substantial slides in the US markets. 

Things are looking up for most players on February 7, with Regis now lagging slightly behind gold production peers Northern Star Resources Ltd (ASX: NST) and Doray Minerals Limited (ASX: DRM) in terms of gains today.

It should be mentioned that Myer Holdings Ltd (ASX: MYR) Northern Star and Resolute Mining Limited (ASX: RSG) held their share prices on February 6, but none managed to book an actual rise like “king for the day” Regis. 

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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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