It was a positive start to the week for the Australian bourse.

The ASX 200 rose 0.22% to 7,505 while the ASX Emerging Companies Index gained nearly 2% and closed at 2,331 – a two week high following a 6% drop in the week before last.

The gain in the ASX occured despite the majority of sectors finishing negative although only consumer discretionary goods lost more than 1%. Resources led the charge gaining 2.75% while energy gained 0.73%.

 

TODAY’S BIGGEST WINNERS

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Horizon Gold (ASX:HZN) announced gold intersections at its Gum Creek project in WA.

BIR Financial (ASX:BIR) rose despite not having any news.

Papyrus (ASX:PPY) – a company with technology that converts the waste trunk of the banana palm into products used in the packaging, furniture, and construction industries – signed a professional services deed to assist the company with its international business.

Opyl (ASX:OPL) rose after releasing its annual results.

 

TODAY’S BIGGEST LOSERS

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Large cap tech stock Altium (ASX:ALU) fell off the back of its annual results.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Construction services company Maas (ASX:MGH) acquired a development site in Dubbo – the World War II RAAF Stores Depot. The site comprises of 38 hectares including 5 major industrial buildings with a combined floor space of 30,000 square metres.

Life360 (ASX:360) told shareholders proposed changes to Apple App Store regulations might be a positive. The company says the ability to more aggressively market alternative payment options to users would result in higher operating margins for the business over time.

Oliver’s Real Foods (ASX:OLI) revealed it had copped a big hit from lockdowns in July. Company store sales were down 73.91% on 2019 levels and while NSW saw the biggest drop, down 88%, Queensland also went down by 10% and Victoria by 55%.

7 companies were delisted from the ASX today for failing to submit their listing fees. These included Sky and Space Global (ASX:SAS) and COVID test kit maker TBG Diagnostics (ASX:TDL).

APA Group (ASX:APA) confirmed speculation it was trying to acquire Basslink – a company that owns a 370km electricity inter-connector between Victoria and Tasmania. However it said discussions were ongoing and there was no guarantee a deal would be done.

 

TRADING HALTS

Tuesday

Nanoveu (ASX:NVU) – capital raising
Norwest Energy (ASX:NWE) – capital raising
Beamtree Holdings (ASX:BMT) – acquisition
Valor Resources (ASX:VAL) – exploration results
BWX (ASX:BWX) – corporate transaction

Wednesday

Live Verdure (ASX:LV1) – loyalty offer
The Market Herald (ASX:TMH) – financial results
Troy Resources (ASX:TRY) – financial position announcement
Orminex (ASX:ONX) – capital raising & acquisition
Wingara (ASX:WNR) – capital raising
Grand Gulf Energy (ASX:GGE) – acquisition and fundraising
Volt Resources (ASX:VRC) – capital raising
Cluey (ASX:CLU) – capital raising
Mithril Resources (ASX:MTH) – capital raising

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