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