The ASX is off to a positive start this week, putting its total gains over the past three weeks up to about 3.6%.

The ASX 200 closed 0.34% higher – at 7,441 points. Spurring today’s gains was energy with a 2.64% gain while resources and utilities both rose over 1%.

However, most other markets in Asia were down and investors will have a lot to ponder over the coming week.

Other things to look out for this week include  inflation data on Wednesday, tomorrow’s listing of GQG (ASX:GQG) – the largest ASX IPO in several years – as well as many companies’ quarterly reports that are due at the end of this week.



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

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Alicanto Minerals (ASX:AQI) rose after identifying a new zone with a world-class zinc and silver intersection from newly acquired historical data at its silver-lead-zinc project in Sweden.

Bio-Gene Technology (ASX:BGT), one of the few stocks in the insecticide targeting trade, climbed after signing a commercial agreement with Evergreen Garden Care.

Digital marketing marketing firm Rewardle (ASX:RXH) announced a new integration into its app.

Buxton Resources (ASX:BUX) rose after telling shareholders it had received interest in buying its Copper Wolf porphyry project in Arizona even though it stopped short of explicitly saying it would sell the project – for now.

And esports developer Playside Studios (ASX:PLY) rose after its quarterly, in which it reported record revenues.



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Prominance Energy (ASX:PRM) and Dalaroo Metals (ASX:DAL) both fell after their latest exploration updates.



Origin Energy (ASX:ORG) reached a deal to sell a 10% stake in Australia Pacific LNG for $2.12 billion to energy investor EIG. It will retain a 27.5% in the project and will guarantee EIG’s obligations to satisfy future cash calls made by Australia Pacific LNG.

AusNet (ASX:AST) has been granted due diligence to takeover bidder APA. However, the right is non-exclusive – competing bidder Brookfield is conducting due diligence too – and AusNet says there is no certainty that either will follow through with their proposed deal.

Still with takeover target companies, a consortium bidding for Smartgroup (ASX:SIQ) have walked away from discussions. This comes after the consortium cut its price from $10.35 per share to $9.25 per share following due diligence.

Telstra (ASX:TLS) partnered with the Australian government to buy the Digicel business in the South Pacific region for US$1.6 billion up front. $1.33 billion of which will be provided by the Australian government through non-recourse debt facilities and equity like securities but Telstra will own 100% of Digicel’s ordinary equity.

One of the ASX’s few legal stocks, AF Legal Group (ASX:AFL) is now present in every capital city on mainland Australia. It announced the acquisition of 51% of Darwin law firm Withnalls Lawyers, which will result in AF Legal setting up shop in the Northern Territory.




Over the Wire Holdings (ASX:OTW) – takeover speculation
Kingston Resources (ASX:KSN) – possible transaction
Identitii (ASX:ID8) – capital raising
Metal Bank (ASX:MBK) – capital raising


Bowen Coking Coal (ASX:BCB) – update on Bluff PCI Mine acquisition
Sparc Technologies (ASX:SPN) – capital raising
Electro Optic Systems (ASX:EOS) – earnings downgrade
Pilbara Minerals (ASX:PLS) – downstream joint venture
Estrella Resources (ASX:ESR) – exploration update
Tesoro Resources (ASX:TSO) – capital raising
Chase Mining (ASX:CML) – capital raising
Impedimed (ASX:IPD) – capital raising