It was another positive close for the Australian bourse today with energy the standout sector.

The ASX 200 closed 0.17% higher at 7,503 points while the ASX Emerging Companies Index gained 1.1% to close at 2,262 points.

Leading the charge was energy which gained over 2.8% off the back of the oil price rebound. Other strong sectors included resources which gained 0.84% while consumer staples led the laggards retreating 1.2%.

 

TODAY’S BIGGEST WINNERS

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The long awaited listing of Kuniko (ASX:KNI) (a spin off from Vulcan (ASX:VUL)) happened this morning and shares surged over 300% making it today’s biggest winner by far.

Also rising in the resources sector was Toro Energy (ASX:TOE) after telling shareholders geochemical assays have been returned, confirming the visible semi-massive nickel sulphides at the Dusty Nickel project.

Stocks climbing off the back of annual results included Nanosonics (ASX:NAN) and 1300 Smiles (ASX:ONT)The latter of these companies was further boosted by a $165 million takeover offer.

 

TODAY’S BIGGEST LOSERS

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Stocks which declined from their annual results included Monadelphous (ASX:MND), Ansell (ASX:ANN) and Kogan (ASX:KGN).

 

ANNOUNCEMENTS YOU MAY’VE MISSED

High end fashion outfit Cettire (ASX:CTT) announced it had launched its proprietary e-commerce storefront software. The company says compared to its existing infrastructure, this upgrade will deliver increased performance and flexibility as well as functionality for global expansion.

Tinybeans (ASX:TNY) unveiled “Beanstalk”, a new subscription model for its business which will launch by the end of this year. The company says this might reduce monthly active users but will boost its user revenues and will have no impact on advertising revenues.

Australian Dairy Nutritionals (ASX:AHF) entered into a contract to sell its Ecklin South Farm. The sale will reap $5.625 million which the company will use to repay debt.

Base metals explorer Ardea Resources (ASX:ARL) announced it was spinning off its gold tenements into a new company – Kalgoorlie Gold Mining. The move will involve a $12 million IPO subject to company shareholders signing off next quarter.

Biotech Suda Pharmaceuticals (ASX:SUD) entered into a distribution agreement for ZolpiMist in Australia, which is an insomnia treatment. Suda will receive an upfront payment of $170,000, a milestone fee of $40,000 as well as a 10% royalty on the sales of the product.

 

TRADING HALTS

Wednesday

Range International (ASX:RAN) – capital raising
Bigtincan (ASX:BTH) – capital raising
Virtus Health (ASX:VRT) – acquisition and capital raising
Kyckr (ASX:KYK) – capital raising
Althea (ASX:AGH) – capital raising
1300 Smiles (ASX:ONT) – potential change of control transaction

Thursday

Bass Oil (ASX:BAS) – capital raising
Tempest Minerals (ASX:TEM) – capital raising
Alice Queen (ASX:AQX) – capital raising