It was another day of gains for the ASX led by the energy sector.

The ASX 200 rose by 0.116% to close at 7,437 while the ASX Emerging Companies Index rose 0.56% to close at 2,527.

Although there was an even number of winners and losers among ASX sectors, energy rose above the rest with a 4.45% gain mostly thanks to rising oil prices.

Utilities and property trusts also had solid gains, rising by over 1% while the worst sector was industrials retreating 1.06%.

Stocks elsewhere in Asia were slightly down as well as investors anticipated US inflation data due out tonight.

 

TODAY’S BIGGEST WINNERS

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

Metalhawk (ASX:MHK) rocketed by 265% off the back of a nickel sulphide discovery at the Berehaven nickel prospect.

Pot stock Cronos Australia (ASX:CAU) rose after announcing it was merging with CDA Health – a private medical cannabis company based in Queensland.

Recently listed explorer Midas Minerals (ASX:MM1) announced a drilling campaign will get underway soon are it hired a drilling contractor.

And Nex Metals (ASX:NME) rose after its joint venture partner Metalicity (ASX:MCT) unveiled a proposal to combine the two companies even though Nex told its shareholders to take no action at this stage.

 

TODAY’S BIGGEST LOSERS

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

Rewardle (ASX:RXH) fell after a company update.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Vaughan Bowen, a prominent figure in the telco space, has been charged with insider trading and appeared before the Melbourne Magistrates’ Court today. ASIC alleges he sold 5.6 million shares in June 2019 knowing before the market that a private equity group eyeing off Vocus Group would likely withdraw the offer. The matter has been listed for court on December 7 but telco Uniti (ASX:UWL), which Bowen sits on the board of, went into a trading halt this afternoon.

Star Entertainment Group (ASX:SGR) told shareholders the NSW Independent Liquor and Gaming Authority had hired a Senior Counsel – in Adam Bell who led the Bergin Inquiry into Crown’s Barangaroo casino – to conduct a regular review into its operations. The final report, is expected in late January 2022.

Perpetual Resources (ASX:PEC) has commenced a scoping study to analyse the economics of a Direct Shipping Ore production scenario at its Beharra Silica Sands project. The company says this is in response to inbound interest from a current offtake partner whose modelling had found that this scenario could achieve a product with materially lower iron content meaning less impurities.

Corella Resources (ASX:CR9) expanded its regional scale landholding at the Tampu Kaolin project. The latest move increases its land holding by 446% and the company expects a Maiden Mineral Resource Estimate by this month’s end.

Propel Funeral Partners (ASX:PFP) is forking out $17.6 million to buy three funeral parlours, two in Adelaide and one in Auckland. These perform 1,200 funeral per annum and generated revenue of $9 million in the most recent financial year.

CIMIC Group (ASX:CIM) company UGL, a member of the RailConnect joint venture, was awarded a contract extension to increase the size of New South Wales’ Mariyung train fleet and install an additional transformer at the Central Coast maintenance facility. This extension will generate revenue of over $100 million to UGL alone.

Micro-X’s (ASX:MX1) portable x-ray Rover is now listed on the Australian Register of Therapeutic Goods. This means it is commercially available for medical use in Australia – a market opportunity the company says is worth $10 million annually.

 

TRADING HALTS

Wednesday

Conico (ASX:CNJ) – capital raising
Resolution Minerals (ASX:RML) – capital raising
Golden Rim Resources (ASX:GMR) – capital raising
Cullen Resources (ASX:CUL) – exploration update
GBM Resources (ASX:GBZ) – capital raising
Corazon Mining (ASX:CZN) – capital raising
HomeCo Daily Needs REIT (ASX:HDN) – capital raising
Hotel Property Investments (ASX:HPI) – capital rising
Uniti (ASX:UWL) – response to media

Thursday

Vulcan (ASX:VUL) – capital raising
A-Cap Energy (ASX:ACB) – capital raising
Jadar Resources (ASX:JDR) – acquisition