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

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

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

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

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.

 

TRADING HALTS

Thursday

Aldoro Resources (ASX:ARN) – drilling results
Essential Metals (ASX:ESS) – capital raising
Suvo Strategic Minerals (ASX:SUV) – material contract

Friday

Holista CollTech (ASX:HCT) – ASIC proceedings
Peak Resources (ASX:PEK) – capital raising
Brookside Energy (ASX:BRK) – capital raising
Rex Minerals (ASX:RXM) – capital raising