Local shares moved higher today. Investors took to safety, betting on gold producers on concerns that Russia may invade Ukraine this week.

Aussie gold stocks buoyed the ASX 200, which closed 0.28% higher, defying Wall Street as well as other major Asian markets today.

The US S&P 500 fell sharply by 2% on Friday, as major Asian indexes like Nikkei and HangSeng also dropped around 2% today.

Gold producers like Regis Resources (ASX:RRL), Evolution Mining (ASX:EVN) and Northern Resources (ASX:NST) rose by more than 8% as gold price broke the US$1850 level to trade at US$1853 an ounce.

Amongst the sectors, Energy was the best performer after rising more than 3%. The possibility of war has recently pushed crude oil prices toward the US$100 level, with Brent now trading at US$95.60.

The Aussie dollar is holding firm to the US$0.71 handle, trading US$0.712 at the time of writing.

Meanwhile, the US Fed has called to convene an “expedited” meeting later today (US time).

The unscheduled meeting is expected to discuss interest rates, and some commentators have described it as an “emergency meeting” while others say this type of a meeting is a fairly “regular occurrence.”

BIG CAP WINNERS

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Code Name Price % Change Volume Market Cap
BPT Beach Energy Limited 1.61 8.4% 29,250,182 $3,387,780,479
RMS Ramelius Resources 1.495 8.3% 5,251,278 $1,196,991,450
EVN Evolution Mining Ltd 3.95 7.6% 10,051,315 $6,727,138,197
FCL Fineos Corp Hold PLC 3.99 7.5% 55,324 $1,183,240,547
RRL Regis Resources 1.975 7.3% 6,994,327 $1,388,788,388
SLR Silver Lake Resource 1.66 7.1% 6,176,898 $1,414,387,357
WHC Whitehaven Coal 3.15 6.4% 15,420,430 $3,056,626,927
NST Northern Star 9.02 6.1% 8,863,719 $9,899,195,192
DEG De Grey Mining 1.19 5.8% 9,234,106 $1,582,226,466
CMM Capricorn Metals 3.65 5.5% 2,217,981 $1,285,668,298
JBH JB Hi-Fi Limited 51.71 5.4% 824,100 $5,635,029,397
WBC Westpac Banking Corp 23.94 5.1% 37,484,768 $83,570,521,386
ILU Iluka Resources 11.74 4.9% 2,410,267 $4,735,634,207
GOR Gold Road Res Ltd 1.425 4.8% 2,938,878 $1,199,408,366
PRU Perseus Mining Ltd 1.54 4.8% 7,841,510 $1,812,575,518
YAL Yancoal Aust Ltd 3.33 4.7% 244,445 $4,198,997,410
KAR Karoon Energy Ltd 1.985 4.5% 3,176,302 $1,057,100,891
NHC New Hope Corporation 2.6 4.4% 2,539,719 $2,072,569,134
NCM Newcrest Mining 23.69 4.3% 3,216,476 $18,584,009,645
AGL AGL Energy Limited. 7.13 4.2% 5,107,019 $4,503,313,413
BEN Bendigo and Adelaide 9.65 4.2% 5,874,327 $5,193,182,847

Beach Energy (ASX:BPT) jumped 8% and hit a 10-month high after its net profit climbed 66% to $212.9m, mainly on the back of strong gas and oil prices.

Crown Resorts (ASX:CWN)’s board has approved Blackstone’s $8.9 billion takeover bid. The acquisition however is still subject to approval from the Australian Foreign Investment Review Board, and other gaming regulators.

Westpac (ASX:WBC) was up almost 5% today after it purchased back its own shares in the open market, completing the $3.5b buyback announced previously.

Gold producers Regis Resources, Evolution Mining, and oil stocks like Santos Energy, Woodside (ASX:WPL) are some of the companies that rose on war concerns.

BIG CAP LOSERS

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Code Name Price % Change Volume Market Cap
NVX Novonix Limited 5.81 -11% 7,205,053 $3,162,756,789
INR Ioneer Ltd 0.57 -9% 12,694,855 $1,281,592,749
BRN Brainchip Ltd 1.485 -8% 20,853,143 $2,777,266,673
IMU Imugene Limited 0.29 -8% 23,783,056 $1,836,520,535
LTR Liontown Resources 1.405 -8% 10,398,989 $3,332,182,301
CXO Core Lithium 0.8 -8% 25,174,457 $1,465,594,800
LKE Lake Resources 0.845 -7% 8,964,847 $1,106,181,601
ASM Ausstratmaterials 8.31 -6% 362,155 $1,236,023,213
CTT Cettire 2.49 -6% 289,912 $1,010,281,283
VUL Vulcan Energy 8.91 -6% 746,733 $1,246,679,002
AVZ AVZ Minerals Ltd 0.815 -6% 31,811,646 $2,986,034,564
NWL Netwealth Group 14.51 -6% 556,508 $3,754,717,135
PLS Pilbara Min Ltd 3.035 -6% 21,730,552 $9,585,284,785
Z1P Zip Co Ltd. 2.69 -6% 7,206,340 $1,678,179,419
PBH Pointsbet Holdings 4.6 -6% 1,647,166 $1,283,727,763

Novonix (ASX:NVX) and Brainchip (ASX:BRN) fell by 10% and 8% respectively on the broader risk-off sentiment against tech stocks, after the Nasdaq tumbled more than 3% on Friday.