The ASX failed to replicate yesterday’s positive start to the week, falling over 1% today.
The ASX 200 closed 1.47% down at 7,726 points while the ASX Emerging Companies Index fell 0.73% closing at 2,537 points.
The worst sectors were health, resources and tech which all lost over 2%.
Energy once again went in the opposite direction to the rest of the market gaining 4.34% which was triggered by the upward rise in oil prices as supply shortage fears increased.
Surprisingly financials moved little despite fears the Morrison government might move to curb the lending boom that’s caused the growth in banking and lending stocks during COVID-19.
TODAY’S BIGGEST WINNERS
Scroll or swipe to reveal table. Click headings to sort. Stocks highlighted in yellow rose after making announcements during the trading day.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| LIS | Lisenergylimited | 2.33 | 174 | 25063036 |
| RDT | Red Dirt Metals Ltd | 0.63 | 103 | 26286093 |
| ANL | Amani Gold Ltd | 0.0015 | 50 | 32426405 |
| DAL | Dalaroometalsltd | 0.295 | 48 | 3209302 |
| VIA | Viagold Rare Earth | 0.42 | 40 | 6400 |
| TUA | Tuas Limited | 1.34 | 31 | 4678491 |
| RMI | Resource Mining Corp | 0.03 | 25 | 562415 |
| DAF | Discovery Africa Ltd | 0.045 | 25 | 876494 |
| MLS | Metals Australia | 0.0025 | 25 | 20202332 |
| MRL | Mayur Resources Ltd | 0.255 | 24 | 50000 |
| PGD | Peregrine Gold | 0.41 | 24 | 160578 |
| KCC | Kincora Copper | 0.17 | 21 | 589195 |
| KCN | Kingsgate Consolid. | 1.465 | 20 | 5799071 |
| TOE | Toro Energy Limited | 0.033 | 18 | 36508140 |
| CAE | Cannindah Resources | 0.14 | 17 | 6649975 |
| AT1 | Atomo Diagnostics | 0.355 | 16 | 6941116 |
| SCN | Scorpion Minerals | 0.06 | 15 | 323501 |
| GGX | Gas2Grid Limited | 0.004 | 14 | 70840146 |
| IPC | Imperial Pacific Ltd | 1.6 | 14 | 8392 |
| SMI | Santana Minerals Ltd | 0.17 | 13 | 374981 |
| PRM | Prominence Energy | 0.013 | 13 | 28069278 |
| PPY | Papyrus Australia | 0.053 | 13 | 4341959 |
| IBG | Ironbark Zinc Ltd | 0.036 | 13 | 16832647 |
Today 3 companies listed and 2 of them topped the bourse in battery tech stock Li-S Energy (ASX:LIS) and base metals explorer Dalaroo Metals (ASX:DAL).
Ironbark Zinc (ASX:IBG) rose after appointing former foreign minister Alexander Downer to its board.
Singaporean telco Tuas (ASX:TUA) rocketed after releasing its financial results.
Queensland focused gold explorer Cannindah Resources (ASX:CAE) climbed off the back of its assay results.
And AuMake (ASX:AUK) climbed after unveiling some growth initiatives in the New Zealand market.
TODAY’S BIGGEST LOSERS
Scroll or swipe to reveal table. Click headings to sort. Stocks highlighted in yellow fell after making announcements during the trading day.
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| ESS | Essential Metals Ltd | 0.17 | -23 | 11740700 |
| MTM | Mtmongerresources | 0.17 | -23 | 1466752 |
| GBR | Greatbould Resources | 0.16 | -22 | 14953892 |
| NVA | Nova Minerals Ltd | 0.115 | -21 | 18048973 |
| BAS | Bass Oil Ltd | 0.002 | -20 | 2630476 |
| SBR | Sabre Resources | 0.004 | -20 | 15461210 |
| LBT | LBT Innovations | 0.115 | -18 | 1588472 |
| AO1 | Assetowl Limited | 0.005 | -17 | 571666 |
| RRR | Revolverresources | 0.385 | -16 | 6086955 |
| MTC | Metalstech Ltd | 0.515 | -16 | 2237938 |
| SEG | Sports Ent Grp Ltd | 0.22 | -15 | 26250 |
| KNB | Koonenberrygold | 0.17 | -15 | 986327 |
| KTA | Krakatoa Resources | 0.069 | -15 | 2158037 |
| TKL | Traka Resources | 0.012 | -14 | 1770000 |
| TRM | Truscott Mining Corp | 0.03 | -14 | 30401 |
| PVL | Powerhouse Ven Ltd | 0.095 | -14 | 378155 |
| NCL | Netccentric Ltd | 0.13 | -13 | 3500 |
| OPL | Opyl Limited | 0.165 | -13 | 56178 |
| NSB | Neuroscientific | 0.45 | -13 | 419719 |
| ARE | Argonaut Resources | 0.007 | -13 | 1109153 |
| AWN | AWN Holdings Limited | 0.85 | -12 | 31083 |
| CLB | Candy Club | 0.15 | -12 | 146845 |
Koonenberry (ASX:KNB) did not have as spectacular a debut, retreating 15%.
WA lithium play Essential Metals (ASX:ESS) fell after a company update. Although the company said it was preparing to transition the area to development ready status and assay results were expected soon, it revealed the drilling “does not appear to have identified a new, large lithium-mineralised pegmatite”.
ANNOUNCEMENTS YOU MAY’VE MISSED
New Zealand’s Commerce Commission – the Kiwi equivalent of the ACCC – approved Mercury’s (ASX:MCY) acquisition of Trustpower’s retail business. Mercury will pay NZ$441 million and the combined business will have approximately 780,000 connections.
Origin Energy (ASX:ORG) announced it would be investing another $70 million in Octopus Energy Group to maintain a 20% interest in the energy retailer. The move comes after fund manager Generation Investment Management would be buying a 7% stake for £211 million pounds.
6 months since skincare product distributor EZZ Life Sciences (ASX:EZZ) listed on the ASX, the company announced it would be paying its inaugural dividend of 0.0045 cents per share. The payout will be made on December 16 to all investors holding shares on 10 November.
Energy producer ADX Energy (ASX:ASX) finalised a deal with Siemens Energy and Red Drilling & Services to build and operate a well test site in Australia to evaluate geothermal to power technology. ADX’s role will be to provide overall project management and to execute all subsurface aspects of the project including engineering, geological analysis, operational planning and implementation.
WAM Capital (ASX:WAM) announced a takeover bid for fellow Listed Investment Company PM Capital Asian Opportunities Fund (ASX:PAF) less than a fortnight after a bid from PM Capital Global Opportunities Fund (ASX:PGF). WAM Capital boss Geoff Wilson declared his offer would superior and even promised to up its offer in the event PAF had to pay a Break Fee.
TRADING HALTS
Wednesday
Wildcat Resources (ASX:WC8) – transaction
Hannans (ASX:HNR) – license due diligence
Castillo Copper (ASX:CCZ) – project acquisitions
Nova Minerals (ASX:NVA) – capital raising
Castle Minerals (ASX:CDT) – capital raising
Stemcell (ASX:SCU) – joint venture
Ultima United (ASX:UUL) – Hokkaido Development update
Thursday
Eastern Iron (ASX:EFE) – updated mining study