The ASX 200 closed 1% higher at 7,370 points, a level that saw it nearly recoup losses made earlier this week. The ASX Emerging Companies Index rose 1.64% to close at 2,554 points.

All sectors were in the green with the biggest winners being tech, which gained 3%, and energy, which was up 2.78%.

Markets rallied even though the Fed confirmed it was looking to scale back asset purchases in November and complete the process by mid-2022.

However, the likelihood of Chinese property developer Evergrande defaulting — the other big concern earlier this week — shrank with media speculating the company would undergo a restructure.

 

TODAY’S BIGGEST WINNERS

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Code Company Price % Volume
AEE Aura Energy 0.26 500 25579396
CCE Carnegie Cln Energy 0.003 50 2015535
WOO Wooboard Tech Ltd 0.0015 50 1307581
KCN Kingsgate Consolid. 1.18 44 6450415
SMI Santana Minerals Ltd 0.155 41 1497316
ORM Orion Metals Ltd 0.05 39 20000
EQR Eq Resources Limited 0.065 30 17795089
TKM Trek Metals Ltd 0.155 24 2013463
VIA Viagold Rare Earth 0.255 21 40
GML Gateway Mining 0.018 20 7513809
MTC Metalstech Ltd 0.5 19 4451979
EFE Eastern Iron 0.047 18 124742075
RRR Revolverresources 0.235 18 5213809
ID8 Identitii Limited 0.28 17 8122054
M2R Miramar 0.21 17 1608173
GGX Gas2Grid Limited 0.0035 17 1942977
KEY KEY Petroleum 0.0035 17 365000
TYX Tyranna Res Ltd 0.007 17 700000
MRL Mayur Resources Ltd 0.255 16 10000
GES Genesis Resources 0.015 15 1151846
HAW Hawthorn Resources 0.053 15 197207
VTI Vision Tech Inc 1.08 15 63531
AQN Aquirianlimited 0.195 15 15035
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Uranium minnow Aura Energy (ASX:AEE) rocketed on its return to the ASX after being suspended since mid-2020.

Thailand focused gold explorer Kingsgate Consolidated (ASX:KCN) rose after an update to shareholders on its efforts to get permission to restart operations.

Gold explorer Santana Minerals (ASX:SMI) rocketed off the back of its latest gold intercepts.

New IPO Revolver Resources (ASX:RRR) had a solid debut gaining 20%.

Outside resources, one winner was AuMake (ASX:AUK), a former daigou retailer that is delving into the ecommerce space. It rose after signing a deal with Wiseway (ASX:WWG) to receive freight services.

 

TODAY’S BIGGEST LOSERS

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Code Company Price % Volume
BAS Bass Oil Ltd 0.001 -50 77640781
BLY Boart Longyear 3.55 -39 1428
AM7 Arcadia Minerals 0.2 -23 1600131
ARO Astro Resources NL 0.004 -20 1143
MRD Mount Ridley Mines 0.004 -20 14120868
GMD Genesis Minerals 0.15 -17 71046613
EME Energy Metals Ltd 0.355 -15 129146
CXX Cradle Resources Ltd 0.034 -15 296000
AFW Applyflow Limited 0.006 -14 15713630
GLA Gladiator Resources 0.04 -13 4972510
AFR African Energy Res 0.028 -13 862975
EVE EVE Investments Ltd 0.0035 -13 1969705
AD1 AD1 Holdings Limited 0.035 -13 1475529
Z2U Zoom2Utechnologies 0.56 -13 3928076
SW1 Swift Media Limited 0.021 -13 822950
IPT Impact Minerals 0.015 -12 6775000
DXN DXN Limited 0.008 -11 3859585
ROO Roots Sustainable 0.008 -11 649037
OOK Ookami Limited 0.205 -11 3098968
AYM Australia United Min 0.009 -10 439000
RMX Red Mount Min Ltd 0.009 -10 2951519
SBR Sabre Resources 0.0045 -10 2667246
AGE Alligator Energy 0.082 -10 36478137
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Arcadia Minerals (ASX:AM7) dropped after releasing its maiden resource at the Swanson tantalum/lithium project in Namibia.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Soon to be acquired food delivery stock Youfoodz (ASX:YFZ) told shareholders it signed a lease agreement to build and lease a production facility in Queensland. The new facility will combine its existing three production sites with its corporate locations in one facility.

Pexa (ASX:PXA) was given approval to operate in the ACT. The ACT was one of the few remaining non-mandated jurisdictions in Australia.

Dexus (ASX:DXS) announced it was buying a portfolio of industrial properties – headlined by Jandakot Airport in WA – for a combined price of $1.5 billion. The deal will be partly funded by a capital raising and be completed with fellow listee APN Industrial REIT (ASX:ADI).

Openpay (ASX:OPY) extended its partnership with Kogan (ASX:KGN) to include its B2B product. The company says its B2B platform, OpyPro is now servicing over 7,000 business customers.

Micro-X (ASX:MX1) signed an $8 million project agreement with the Australian Stroke Alliance. The pair will develop lightweight stroke diagnostic imaging technology targeted at early stage stroke diagnosis.

Insurance Australia (ASX:IAG) reported receiving 435 claims since the Victorian earthquake. The company told shareholders it was too early to determine the full extent and financial impact.

TRADING HALTS

Friday 

Jaxsta (ASX:JXT) – capital raising
State Gas (ASX:GAS) – capital raising
Threat Protect (ASX:TPS) – capital raising

Monday

Silex Systems (ASX:SLX) – capital raising
High Peak Royalties (ASX:HPR) – capital raising
Armour Energy (ASX:AJQ) – capital raising
Sandfire Resources (ASX:SFR) – capital raising and acquisition
Engage:BDR (ASX:EN1) – capital raising
DC Two (ASX:DC2) – capital raising
Centuria Industrial REIT (ASX:CIP) – acquisitions and capital raising