All sectors rose today, with mining and energy leading the way as a flurry of Chinese data buoys sentiment. Picture Getty
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Local shares rose strongly today by 1.6% the biggest one day jump in 10 months. For the week, the benchmark ASX200 index was flattish.
All 11 ASX sectors were in the green, led by Mining (up 3%), Energy (up 2%) and Real Estate (also up 2%),
Fortescue (ASX:FMG) and BHP (ASX:BHP) were top of the list for miners, while Whitehaven Coal (ASX:WHC) and Santos (ASX:STO) led the energy winners list.
Sentiment was also boosted after chip designer Arm Holding’s debut on the Nasdaq overnight where its shares soared 25%.
Analysts believe Arm’s listing will thaw the frozen IPO market and lift other sectors like banks which have suffered from a lack of IPO deals over the past year.
Meanwhile, energy stocks surged after crude prices jumped another 2.5% last night. Brent is now trading at the highest level since November 2022.
Iron ore prices also jumped to 6-month high in Singapore today, helped by a recent flurry of positive economic data from China.
A bunch of economic data was released by China today where retail sales and industrial output for August easily topped economists forecasts, further confirming that the Chinese economy is moving past the worst.
The AUD, which is positively correlated to good news in China, jumped 0.5% to US64.69c this afternoon.
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| BOE | Boss Energy Ltd | 4.37 | 9.95 | 3,439,657 | $1,400,959,671 |
| PDN | Paladin Energy Ltd | 0.94 | 4.47 | 23,672,481 | $2,668,110,408 |
| CRN | Coronado Global Res | 1.75 | 4.18 | 3,857,635 | $2,808,059,998 |
| CIA | Champion Iron Ltd | 6.26 | 4.16 | 1,211,473 | $3,108,947,367 |
| FMG | Fortescue Metals Grp | 20.31 | 3.62 | 3,728,194 | $60,347,712,393 |
| CMW | Cromwell Prop | 0.44 | 3.53 | 2,880,511 | $1,113,018,347 |
| APE | Eagers Automotive | 14.32 | 3.17 | 154,122 | $3,565,777,691 |
| MMS | McMillan Shakespeare | 17.15 | 2.88 | 243,553 | $1,160,949,210 |
| WHC | Whitehaven Coal | 6.34 | 2.84 | 4,222,105 | $5,153,460,829 |
| CNI | Centuria Capital | 1.47 | 2.80 | 931,795 | $1,151,254,002 |
| IPL | Incitec Pivot | 3.14 | 2.79 | 11,645,564 | $5,923,786,338 |
| PPT | Perpetual Limited | 20.55 | 2.75 | 3,472,862 | $2,250,351,840 |
| HLS | Healius | 2.46 | 2.72 | 593,163 | $1,361,736,311 |
| KAR | Karoon Energy Ltd | 2.52 | 2.65 | 1,321,413 | $1,386,194,175 |
| PXA | Pexagroup | 11.67 | 2.55 | 272,542 | $2,018,249,521 |
| DRR | Deterra | 4.73 | 2.49 | 1,805,715 | $2,437,074,319 |
| GQG | GQG Partners | 1.50 | 2.40 | 563,731 | $4,311,095,934 |
Liberty Financial (ASX:LFG) was the best performing large cap today, up 10% on no specific news.
Ramelius Resources (ASX:RMS) says it has now acquired a relevant interest in excess of 90% of Musgrave Minerals (ASX:MGV) shares. Ramelius will move to compulsory acquisition of all remaining Musgrave shares, with the offer for shareholders to close at 7:00pm AEST tonight.
Cleanaway Waste Management (ASX:CWY) has appointed Philippe Etienne as chairman following the retirement of Mark Chellew. Etienne became deputy chairman at CWY in June this year, and is a non-executive director of ASX listed Aristocrat Leisure and Lynas Rare Earths.
Ramsay Health Care (ASX: RHC) rose despite announcing that credit rating agency Fitch has downgraded the investment grade credit rating it ascribed to Ramsay’s Funding Group from BBB/Negative to BBB- /Stable. The change in rating is not expected to impact Ramsay’s ability to access funding and liquidity in the future, it said.
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| MAQ | Macquarie Technology | 65.72 | -2.87 | 62,032 | $1,647,133,173 |
| CWY | Cleanaway Waste Ltd | 2.40 | -2.64 | 3,902,667 | $5,479,350,352 |
| CEN | Contact Energy Ltd | 7.40 | -1.73 | 1,137 | $1,897,764,327 |
| HLI | Helia Group Limited | 3.71 | -1.72 | 867,229 | $1,191,137,856 |
| EBO | Ebos Group Ltd | 32.37 | -1.31 | 16,697 | $6,291,142,828 |
| AX1 | Accent Group Ltd | 1.92 | -1.29 | 850,546 | $1,092,323,200 |
| BSL | BlueScope Steel Ltd | 19.57 | -1.21 | 1,953,927 | $8,992,082,378 |
| CSR | CSR Limited | 5.74 | -1.20 | 1,343,730 | $2,773,598,640 |
| AIA | Auckland Internation | 7.12 | -1.18 | 628,161 | $10,602,368,186 |
| IFT | Infratil Limited | 9.36 | -1.06 | 186,491 | $7,869,679,277 |
| MMS | McMillan Shakespeare | 16.94 | -1.05 | 47,590 | $1,192,288,571 |
| DTL | Data#3 Limited | 6.78 | -1.02 | 498,898 | $1,059,722,838 |
| BKI | BKI Investment Ltd | 1.76 | -0.85 | 124,662 | $1,421,000,138 |
| LTR | Liontown Resources | 3.01 | -0.83 | 11,881,467 | $6,672,834,426 |
| MEZ | Meridian Energy | 4.88 | -0.81 | 53,815 | $6,221,312,783 |
| SQ2 | Block | 84.42 | -0.68 | 143,005 | $2,728,470,165 |
Meridian Energy (ASX:MEZ) released its monthly operating report for August. Highlights include: national hydro storage decreased from 106% to 83% of historical average. South Island storage decreased to 87% of average, and North Island storage decreased to 68% of average by September 11. Meridian’s August monthly total inflows were 84% of historical average.
Metcash (ASX:MTS) released a trading update for FY24 YTD (18 weeks to 3 September). Total group sales increased 1.7% during the period. Total Food sales ex-tobacco increased 6.0%, total hardware sales increased 3.2%, while total liquor sales increased 1.7% with growth in retail partly offset by a decline in on-premise sales.
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