The ASX regained some lost ground from yesterday’s bloodbath, but closed this week lower than what it began.

The ASX 200 gained 0.5% to close at 7,407 points while the ASX Emerging Companies Index rose 2.45% to close at 2,469.

Most sectors finished on top with resources the biggest winner gaining 1.65%. The biggest laggard was health which retreated 0.73%.

The ASX was broadly in line with its Asia-Pacific neighbours but better than Wall St, which retreated overnight as investors grapple with the central bank’s cautious moves to end COVID-19 stimulus measures.

 

TODAY’S BIGGEST WINNERS

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Topping the charts was Zoom2U Technologies (ASX:Z2U) which rose 115% on its ASX debut. You can read more here.

Bulletin Resources (ASX:BNR) — one of several ASX-listed goldies to diversify into lithium exploration — gained after telling shareholders a review of old exploration data has uncovered “multiple exploration opportunities” at the ‘Ravensthorpe’ lithium project which lies 12km from Galaxy Resources’ (ASX:GXY) Mt Cattlin operation.

 

TODAY’S BIGGEST LOSERS

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ANNOUNCEMENTS YOU MAY’VE MISSED

New Zealand Oil and Gas (ASX:NZO) received approval from the NT government to buy the Amadeus Basin Assets from Central Petroleum. While the transaction is still yet to be confirmed this was was a key condition precedent of the transaction.

A month since Iress (ASX:IRE) gave EQT a 30 day period of due diligence on a potential acquisition, it has granted it an additional 10 days. The terms are otherwise unchanged but IRESS reiterated to shareholders not to take action at this stage.

Renu Energy (ASX:RNU) signed a deal with renewable energy tracing company Enosi to invest $500,000. Enosi has a trading and tracing solution providing energy tracing revealing the true renewable content of energy supplied to households and the investment is expected to be complete by the end of November.

Forbidden Foods (ASX:FFF) is forking out $4 million to acquire plant-based snack bar company Blue Dinosaur. The company says it will extend its presence in the plant based food market.

And Imdex (ASX:IMD) announced it was spending $20 million all up (in cash and shares) to acquire MinePortal. MinePortal is a cloud application enabling geological data modelling and real-time 3D visualisation.

TRADING HALTS

Monday

EQ Resources (ASX:EQR) – capital raising
Sprintex (ASX:SIX) – product development and sales agreement
Accelerate Resources (ASX:AX8) – capital raising
Raiden Resources (ASX:RDN) – acquisition
Hazer Group (ASX:HZR) – capital raising
Comet Ridge (ASX:COI) – capital raising
VEEM (ASX:VEE) – capital raising
Bastion Minerals (ASX:BMO) – capital raising
Kingwest Resources (ASX:KWR) – exploration update

Tuesday

Metal Hawk (ASX:HWK) – exploration results
Anson Resources (ASX:ASN) – capital raising
Global Data Centre Group (ASX:GDC) – capital raising
Dreadnought Resources (ASX:DRE) – capital raising