• The ASX up 0.53% with 8 out of 11 sectors in the green
  • Low Aussie dollar is lifting petrol prices which rose by 11.1 cents last week
  • CBA says the world oil prices continues to be a key influence on global inflation


The ASX 200 finished up today – just – gaining 0.53% on lower than normal volume. 

Out of 11 sector 8 out were higher, led by Materials which rallied by 3.52%.

Mining stocks making gains included Northern Star Resources (ASX:NST) up 5.59%, BHP (ASX:BHP) up 4.72% and Fortescue Metals (ASX:FMG) which jumped 4.25%.

Sectors in the red were real estate -0.12%, financials -1.43% and IT – 2.17%, with Wise Tech Global (ASX:WST) dropping 5.78% and Westpac (ASX:WBC) down 3.94%.

The CBA says that the low Aussie dollar is lifting petrol prices, and according to the Australian Institute of Petroleum, last week the average Australian pump price for unleaded petrol rose by 11.1 cents a litre to a 16-week high of 195.9 cents a litre.

“The lower Aussie dollar boosted pump prices by 4 cents a litre last week and it has driven up pump prices by 13 cents a litre since the start of 2022,” CBA chief economist Craig Jones said.

“The stronger greenback continues to make US dollar denominated commodities more expensive for buyers in Europe and Asia and that includes Aussie motorists. 

“In Australian dollar terms Singapore gasoline has lifted from 80c to 103 cents a litre over 2022 but would now be 90 cents a litre had the Aussie dollar held at US72.56 cents.”

What it really boils down to is that the world oil price – which rose by 5% on Friday – continues to be a key influence on global inflation. 

“Monitoring price trends will be important in how investment markets fare over the coming weeks and months,” Jones said. 

“The Energy sector remains supported by high prices for oil and natural gas.” 



Swipe or scroll to reveal the full table. Click headings to sort.

Code Company Price % Volume Market Cap
ARU Arafura Rare Earths 0.35 15% 19,635,755 $526,870,722
A11 Atlantic Lithium 0.965 13% 2,562,611 $517,909,119
CMM Capricorn Metals 3.86 10% 1,072,321 $1,308,738,148
LKE Lake Resources 1.17 9% 21,416,558 $1,495,216,112
GOR Gold Road Res Ltd 1.41 7% 4,898,147 $1,414,850,972
RMS Ramelius Resources 0.8075 7% 6,001,579 $658,583,699
ADT Adriatic Metals 2.77 7% 546,655 $553,235,637
EVN Evolution Mining Ltd 2.145 7% 13,449,712 $3,688,177,411
29M 29Metalslimited 2.175 7% 767,665 $981,966,442
SFR Sandfire Resources 3.865 6% 3,552,767 $1,488,959,237
WAF West African Res Ltd 1.075 6% 1,435,049 $1,031,596,369
DEG De Grey Mining 1.115 6% 4,365,103 $1,617,835,711
DMP Domino Pizza Enterpr 57.7 6% 351,257 $4,704,564,549
MCR Mincor Resources NL 1.51 6% 1,300,551 $695,696,466
WordPress Tables Plugin


The biggest winner of the big guns today was Arafura Rare Earths (ASX:ARU) who signed a neodymium and praseodymium (NdPr) offtake agreement with car makers Hyundai and Kia.

NdPr are the key raw materials in ultra-strong permanent magnets and are essential to electronics, technology and automotive industries.

The company will supply 600 tonnes per annum (tpa) in year one, increasing to 1,500 tpa in years four to seven to align with ramp up of the Nolans rare earths project in the NT.

Supply of NdPr is currently anticipated to commence in calendar year 2025 subject to project financing, completion of construction and development and commissioning of the Project. 

And Capricorn Metals (ASX:CMM) was also up, after expanding its Mt Gibson Mineral Resource – again – this time to 2.8 million ounces of gold.

The company says the updated MRE includes 2,106,000 ounces in the Indicated category, “providing a very strong basis for the maiden Ore Reserve Estimate targeted for later in the current quarter.”



Swipe or scroll to reveal the full table. Click headings to sort.

Code Company Price % Volume Market Cap
ECX Eclipx Group Ltd 1.7525 -7% 1,735,827 $537,403,488
CRN Coronado Global Res 2.13 -6% 6,806,312 $3,805,549,967
WTC Wisetech Global Ltd 54.86 -5% 256,640 $18,954,819,523
QAL Qualitaslimited 2.36 -5% 34,503 $732,060,000
IMU Imugene Limited 0.19 -5% 15,986,900 $1,267,418,928
ALU Altium Limited 34.21 -5% 193,848 $4,723,297,486
ANZ ANZ Banking Grp Ltd 24.34 -5% 7,757,517 $76,243,055,651
REG Regis Healthcare Ltd 1.92 -4% 56,515 $604,825,329
RBD Restaurant Brands NZ 6.51 -4% 695 $849,605,542
EVT EVT Limited 13.88 -4% 88,141 $2,331,185,395
WBC Westpac Banking Corp 23.19 -4% 11,053,003 $84,517,222,533
PBH Pointsbet Holdings 1.955 -4% 1,108,716 $620,528,920
STA Strandline Res Ltd 0.415 -3% 1,516,311 $537,882,126
SIG Sigma Health Ltd 0.6 -3% 1,553,545 $656,751,378
WordPress Tables Plugin

Eclipx Group (ASX:ECX) dropped after the company announced CFO Damien Berrell will succeed outgoing CEO Julian Russell.

Coronado Global Resources (ASX:CRN) was also heavily sold off after announcing the end of merger discussions with America’s Peabody Energy.