After starting the day in negative territory, the Australian bourse recovered to finish higher.

The ASX 200 closed 0.17 per cent up, at 7,348 points while the ASX Emerging Companies Index closed 0.71 per cent up at 2,203.

Most sectors were in the green but only slightly. The best was consumer discretionary goods which gained 0.72 per cent. The worst sector was energy which retreated 0.6 per cent.

The ASX ran contrary to many other markets in Asia as well as Wall Street – which was led by a decline in tech stocks.

 

TODAY’S BIGGEST WINNERS

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Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.

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Remember Kazakhstan-focused oil play Jupiter Energy (ASX:JPR) that in April 2020 rose from 0.2 cents to as high as 34.5 cents in just a couple of days without news? Today it rose over 70 per cent after releasing its quarterly activities report.

Norwood Systems (ASX:NOR), a company which makes mobile phone features such as voicemail, announced NZ telco Spark had made its order for FY22.

 

TODAY’S BIGGEST LOSERS

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Smart lighting company Buddy Technologies (ASX:BUD) dropped on its trading day in approximately 3 months.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Jewellery chain Michael Hill (ASX:MHJ) reported a bumper year with revenues from all stores up 13.5 per cent to $552.0 million. However, it advised shareholders lockdowns across Australia in the last months has caused some disruption and currently has 64 stores across New South Wales and Victoria closed right now.

Betmakers (ASX:BET) claims that its partnership with the Waterhouse Group has led to $6.2 million in revenue. The achievement allowed Waterhouse to exercise options in the company of almost the same amount.

Heron Resources (ASX:HRR) has bitten the dust and entered voluntary administration after a year trying to seal a deal to restarting its Woodlawn Zinc-Copper project. The administrators have promised to continue the care and maintenance regime at Woodlawn, and will aim to get it out of administration as soon as possible.

Victory Mines (ASX:VIC) reported its latest gold and copper assay results at its Coogee project in WA, and says it had defined a trend of over 250m. Results included 8m @ 3.03g/t gold and 0.37% copper from 124m.

 

TRADING HALTS

Monday 

GBM Resources (ASX:GBZ) – project acquisition
Digital Wine Ventures (ASX:DW8) – capital raising
RareX (ASX:REE) – resource upgrade
Predictive Discovery (ASX:PDI) – exploration results
Aeon Metals (ASX:AML) – capital raising
Selfwealth (ASX:SWF) – capital raising
Heron Resources (ASX:HRR) – strategic process update

 

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