The ASX finished September on a solid note but not enough to avoid the worst month since March 2020.

The ASX 200 closed at 7,332 points which was 1.88% higher than yesterday but nearly 3% lower than it started the month at. However it is up nearly 10% in 2021 and nearly 25% in the last 12 months.

All sectors were in the green today with resources, energy, consumer staples and healthcare all gaining over 2%. The “worst” sector was utilities which only rose 0.27%.

 

TODAY’S BIGGEST WINNERS

Stocks highlighted in yellow rose after making announcements during the trading day.

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Among today’s winners were two IPOs in Forrestania Resources (ASX:FRS) and Mitre Mining Corporation (ASX:MMC).

QX Resources (ASX:QXR) surged after announcing the acquisition of a lithium project in WA’s Pilbara region.

Predictive Discovery (ASX:PDI) unveiled its Maiden Mineral Resource estimate for its Bankan Gold project in Guinea. It came in at 72.8 million tonnes at 1.56g/t gold for 3.65 million ounces.

Speaking of gold, MetalsTech (ASX:MTC) rose off the back of its latest gold intercepts including 19m at 5.08g/t.

New Zealand energy and utilities softwars stock Gentrack Group (ASX:GTK) climbed after a trading update in which it upgraded its full year revenue guidance by $NZ4.5 million.

 

TODAY’S BIGGEST LOSERS

Stocks highlighted in yellow rose after making announcements during the trading day.

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Firefly Resources (ASX:FFR), the original owner of Forrestania gold project before Forrestania Resources, dropped on the day of the latter company’s debut.

Strategy Energy Resources (ASX:SER) dropped off the back of an exploration update.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

BNPL company Zip (ASX:Z1P) announced it was partnering with Microsoft to integrate Zip’s technology into Microsoft Edge. The company says this could launch before the year’s out and will start in the US market.

South32 (ASX:S32) announced it would be exercising its right to buy an extra 25% into Mozal Aluminium. The deal will take its ownership to 72.1% and it will be paying US$250 million.

Chalice Mining (ASX:CHN) confirmed the spin off of its gold projects into a new ASX company. The new entity  called Falcon Metals will list with an IPO of up to $30 million and will result in Chalice shareholders receive shares in the company.

Race Oncology (ASX:RAC) announced interim results from its research program with the University of Newcastle showed its Zantrene drug could kill high FTO (Fat Mass and Obesity-associated protein) producing melanoma cancer cells. The company said these results were encouraging and supportive of future clinical trials.

Cazaly Resources (ASX:CAZ) announced an electromagnetic survey at its Halls Creek project identified two significant bedrock conductors. The company says this indicates potential for a new massive sulphide discovery.

IT solutions company Damstra Holdings (ASX:DTC) announced it was buying TIKS solutions, a Sydney based workplace safety and compliance management company. It will pay $18 million, the majority of which will be in shares.

Experience Co (ASX:EXP) bought Trees Australia, a company that operates zip-lining and rope obstacle courses across 14 adventure parks nationwide. Experience Co will pay $46.9 million all up which will be funded by a capital raising.

 

TRADING HALTS

Friday

Aeeris (ASX:AER) – capital raising
Mount Gibson Iron (ASX:MGX) – update on mining operation
Brightstar Resources (ASX:BTR) – capital raising
Field Solutions (ASX:FSG) – capital raising

Monday

Vimy Resources (ASX:VMY) – project approvals
Wiseway (ASX:WWG) – results lodgement
MSL Solutions (ASX:MSL) – acquisition and capital raising
Sayona Mining (ASX:SYA) – acquisition and capital raising
Tamaska Oil and Gas (ASX:TMK) – resources estimate
Experience Co (ASX:EXP) – rights issue
XTEK (ASX:XTE) – capital raising

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