Closing Bell: ASX closes Wednesday 0.38% higher but short of all time high

The ASX rebounded from yesterday’s losses but short of an all time high.

The ASX 200 closed at 7,503 points, 0.38% up from yesterday but 6 points behind its intraday high. Meanwhile the ASX Emerging Companies Index gained 0.63% at 2,240 points.

Yesterday resources and energy were the worst sectors but today they were among the best, gaining 1.18% and 0.89% respectively.

Health also reversed from yesterday and retreated by 0.45%. After gaining over 4% yesterday, tech gained another 0.08% today.

Stocks elsewhere in the Asia-Pacific region gained as Chinese media tempered language attacking gaming companies – easing fears they might be targeted as part of a regulatory crackdown.

This followed a record close on Wall St thanks to solid earnings from companies which released earnings.

TODAY’S BIGGEST WINNERS

Scroll or swipe to reveal table. Click headings to sort.

Stocks highlighted in yellow rose after making announcements during intraday trade.

Code	Company	Price	%	Volume
NPM	Newpeak Metals	0.002	100	31288377
CLE	Cyclone Metals	0.005	67	117341853
IKW	Ikwezi Mining Ltd	0.29	38	6151
OAK	Oakridge	0.002	33	2763386
CHR	Charger Metals	0.275	28	3862874
OEX	Oilex Ltd	0.005	25	14266270
EGY	Energy Tech Ltd	0.16	23	103053
SPT	Splitit	0.64	23	11877132
RAP	Resapp Health Ltd	0.049	23	18846946
SYA	Sayona Mining Ltd	0.099	21	168335859
VPR	Volt Power Group	0.003	20	860952
ATP	Atlas Pearls Ltd	0.032	19	15668947
SMN	Structural Monitor.	0.74	18	461464
BCB	Bowen Coal Limited	0.1	18	7210220
TD1	Tali Digital Limited	0.049	17	7914078
ACU	Acumentis Group Ltd	0.14	17	11645
BEX	Bikeexchange Ltd	0.21	17	270280
LPD	Lepidico Ltd	0.021	17	143410123
88E	88 Energy Ltd	0.051	16	343859540
VUL	Vulcan Energy	11.53	16	3659158
RAG	Ragnar Metals Ltd	0.052	16	9269441
AFW	Applyflow Limited	0.008	14	16126706
NVA	Nova Minerals Ltd	0.12	14	3354151

ResApp (ASX:RAP) partnered with Indonesian telehealth provider Alodokter to bring its smartphone-based diagnostic test to Aldodokter’s patients.

88 Energy (ASX:88E) rose after an update on its Umiat oil field in Alaska. Among other things it announced it had identified further potential thanks to preliminary pressure analysis conducted.

Charger Metals (ASX:CHR) rose after New York based fundie Lind Partners bought into the company.

Vulcan Energy (ASX:VUL) announced a life cycle assessment (LCA) study on its FS-level extraction and chemical process study shows that Vulcan is expected to have the lowest global warming potential of any other lithium product in the world. The company will burn zero fossil fuels in its process, instead leveraging geothermal energy and decarbonised electricity.

TODAY’S BIGGEST LOSERS

Scroll or swipe to reveal table. Click headings to sort.

Stocks highlighted in yellow fell after making announcements during intraday trade.

Code	Company	Price	%	Volume
WOO	Wooboard Tech Ltd	0.001	-66	230956600
CXX	Cradle Resources Ltd	0.05	-43	5686465
CCE	Carnegie Cln Energy	0.002	-33	10181677
XST	Xstate Resources	0.003	-25	28316098
PKD	Parkd Ltd	0.043	-20	7933756
GGX	Gas2Grid Limited	0.0025	-17	215
STM	Sunstone Metals Ltd	0.021	-16	27954847
CDT	Castle Minerals	0.011	-15	30247265
CE1	Calima Energy	0.009	-14	22252150
OPL	Opyl Limited	0.12	-14	465214
SUH	Southern Hem Min	0.052	-13	295128
ACP	Audalia Res Ltd	0.014	-13	784838
GTG	Genetic Technologies	0.007	-13	960555
OSP	Osprey Med Inc	0.014	-13	6654491
DTM	Dart Mining NL	0.11	-12	477887
DXN	DXN Limited	0.011	-12	1861487
ATU	Atrum Coal Ltd	0.043	-12	1293990
BDX	Bcaldiagnostics	0.155	-11	2383404
MRZ	Mont Royal Resources	0.195	-11	114094
IGN	Ignite Ltd	0.08	-11	15000
DDD	3D Resources Limited	0.004	-11	2573218

Copper explorer Sunstone Metals (ASX:STM) fell despite announcing the start of a drilling campaign at its El Palmar copper-gold project in Ecuador.

ANNOUNCEMENTS YOU MAY’VE MISSED

Natural gas and helium producer Renergen (ASX:RLT) dropped 3.97% after securing a further three take-or-pay agreements for the supply of helium for the next 10-15 years. The contracts were signed with Linde (15 years), Messer (15 years), and Helium24 (10 years).

Alterity Therapeutics (ASX:ATH) scored a new US patent to expand its neurodegeneration portfolio of treatments for Alzheimer’s and Parkinson’s. This particular patent covers more than 80 novel compounds.

Holista CollTech (ASX:HCT) has told shareholders ASIC has indicated it will file against the company for deceptive and misleading conduct. The company gone into a trading halt until Friday “to consider and take advice” about the matter and indicated it will make an announcement to the market before the trading halt is lifted.

Tinybeans (ASX:TNY) and Lego have renewed their marketing partnership for fiscal year 2022. This will involve Lego advertising its Duplo products to Tinybeans users and this will be the third year of the arrangement.

Ingenia Communities (ASX:INA) has forked out over $15 million on its latest property on the NSW South Coast. It has bought the Kings Point Retreat, near Ulladulla, and consists of 147 income producing sites – 53 of which are permanent.