The ASX finished 0.67% higher, marking the best performance by the Australian bourse since early October.

Almost all sectors finished higher with energy and tech – two sectors under siege in recent weeks – recording gains of 2.07% and 1.9% respectively.

Travel stocks gained too in light of uncertainty decreasing about the omicron variant. Also soothing investors today was the RBA keeping interest rate at a record low and committing to continued bond buying until at least mid-February.

 

TODAY’S BIGGEST SMALL CAP WINNERS

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

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Neuren Pharmaceuticals (ASX:NEU) nearly doubled off the back of its Phase III clinical trial results.

Australian East Coast clean energy company Pure Hydrogen (ASX:PH2), in conjunction with H2X Global has launched a range of hydrogen fuel cell power generation units called Power H2 that can supply electricity without any emissions.

In resources, African Gold (ASX:A1G) rose after its latest exploration results.

 

TODAY’S BIGGEST SMALL CAP LOSERS

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

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Registry Direct (ASX:RD1) fell after completing a capital raising.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Santos (ASX:STO) and Oil Search (ASX:OSH) are a step closer to completing their $21bn merger after Oil Search shareholders signed off on the scheme. The pair are still waiting on PNG courts approval which is expected on Thursday.

IGO (ASX:IGO) responded to speculation it was looking to acquire nickel miner Western Areas (ASX:WSA). IGO confirmed that the pair were in discussions but nothing definitive had been agreed.

Booktopia (ASX:BKG) boss Tony Nash sold 3.5 million in shares off market to an existing institutional investor of the company. The sale – conducted at $1.75 per share – netted over $6 million and according to the company was to diversify both the company’s shareholder base and Nash’s personal wealth.

Mad Paws (ASX:MPA)  recorded a Gross Merchandise Value of $15.7 million in November. This was up 92% from November last year.

Chalice (ASX:CHN) announced the IPO of gold spinout Falcon Metals had raised $30 million. Falcon Metals will own Chalice’s non-Julimar gold assets and is scheduled to list on December 22.

Austin Engineering (ASX:ANG) won a 5 year contract with Rio Tinto (ASX:RIO). Austin will provide dump bodies, lightweight trays for ore trucks, heavy machinery buckets and other fabricated products.

Less than a month fome listing, Dundas Minerals’ (ASX:DUN) maiden drilling program is commencing at its Jumbuck nickel and Kokoda gold assets. It is expecting assay results to be available during February 2022.

 

TRADING HALTS

Wednesday

Cobram Estate Olives (ASX:CBO) – capital raising
ADX Energy (ASX:ADX) – capital raising
Vortiv (ASX:VOR) – capital raising
Icentana (ASX:ICE) – capital raising
Ionic Rare Earths (ASX:IXR) – acquisition
Equus Mining (ASX:EQE) – capital raising
Anteris Technologies (ASX:AVR) – underwriting transaction of options

Thursday

Bio-Gene Technology (ASX:BGT) – capital raising
BPH Energy (ASX:BPH) – farm out
OreCorp (ASX:ORR) – special mining license application
Kopore Metals (ASX:KMT) – capital raising
Epsilon (ASX:EPN) – capital raising
Environmental Group (ASX:EGL) – capital raising and business update
Orthocell (ASX:OCC) – study results
Alcidion (ASX:ALC) – acquisition and capital raising
OpenLearning (ASX:OLL) – capital raising
Canyon Resources (ASX:CAY) – mining convention