Closing Bell: Markets rise on Monday as volatility takes charge
News
The ASX200 has come to a jerky halt, closing more than 50 points or 0.7% higher. The market is down 5.6% over the last 52 weeks.
The ASX Emerging Companies (XEC) index ended 0.6% better.
The Four Horsemen of the Apocalypse are abroad on Monday, so it won’t come a shock that markets have been wild, volatile and a little stabby.
Conquest and War, Famine and Death have been joined by flood – doing it’s ugly work up around Brissy and Lismore. Hang in there guys.
War played havoc with US futures, iron ore and energy prices. Crude oil futures jumped around 7.4% to as the incremental isolation of Russia added further uncertainty to energy access. Here at home, commodities and energy names did okay.
The smartest guys in the room, or in this case the only guys in the room – the top advisers over at Shaw and Partners — are running the books for Zip Co’s near $150 million equity raise.
Zip is raising some $148.7m at $1.90 a pop through Jarden and Bank of America after sharing a plan this morning to take rival Sezzle off rival Sezzle’s hands.
In addition Zip is offering a non-underwritten share purchase plan to eligible Zip shareholders in Australia and New Zealand to raise up to $50 million.
The word out of Shaw is their Zip-handlers are letting institutional investors, BNPL fans and fund managers alike know that there’s little supply and a lot of demand.
In fact, Shaw nixed the weekend and had a wall-crossing exercise with investors over the deal, saying there were, “indications of demand in excess of the deal size.”
Proceeds of the Placement will help Zip strengthen its balance sheet and set the firm up for, “sustainable growth by providing more capital runway to execute on potential synergies from the Acquisition of Sezzle.”
Both major BNPL names are in a trading halt.
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
Code | Company | Price | % | Volume |
---|---|---|---|---|
LKO | Lakes Blue Energy | 0.0015 | 50% | 1,295,000 |
PTR | Petratherm Ltd | 0.045 | 41% | 705,940 |
GRR | Grange Resources. | 0.985 | 34% | 17,626,301 |
YPB | YPB Group Ltd | 0.002 | 33% | 606,733 |
CDXDA | Cardiex Limited | 0.465 | 33% | 375,759 |
QXR | Qx Resources Limited | 0.041 | 32% | 29,314,949 |
MLS | Metals Australia | 0.054 | 26% | 10,379,623 |
LSR | Lodestar Minerals | 0.012 | 20% | 40,971,950 |
KAM | K2 Asset Mgmt Hldgs | 0.08 | 19% | 1,092,472 |
IS3 | I Synergy Group Ltd | 0.26 | 18% | 28,604 |
SKF | Skyfii Ltd | 0.085 | 18% | 301,568 |
N1H | N1 Holdings Ltd | 0.295 | 18% | 36,409 |
BEX | Bikeexchange Ltd | 0.08 | 18% | 929,920 |
TOE | Toro Energy Limited | 0.02 | 18% | 33,784,254 |
VBC | Verbrec Limited | 0.135 | 17% | 67,997 |
AO1 | Assetowl Limited | 0.0035 | 17% | 2,009,111 |
XST | Xstate Resources | 0.0035 | 17% | 1,250,003 |
MRL | Mayur Resources Ltd | 0.18 | 16% | 60,000 |
ARC | ARC Funds Limited | 0.695 | 16% | 4,440 |
CVN | Carnarvon Energy Ltd | 0.26 | 16% | 14,983,078 |
TNT | Tesserent Limited | 0.1725 | 15% | 5,545,905 |
HMX | Hammer Metals Ltd | 0.077 | 15% | 1,068,884 |
WHK | Whitehawk Limited | 0.155 | 15% | 5,066,130 |
TTT | Titomic Limited | 0.275 | 15% | 548,466 |
Monday’s Charlie Sheen winners:
All higher on no news.
Brazil’s health regulatory agency, ANVISA, has granted market authorization for Lumos Diagnostics'(ASX:LDX) FebriDx – rapid 10-minute point-of-care test to aid in detecting and differentiating bacterial from viral acute respiratory infections. The approval means that FebriDx is now available to healthcare providers in the UK, Europe, Canada, Australia, UAE and Brazil.
Another leader on Monday is the vitamins company Biome Australia (ASX:BIO) which reported record sales for the half.
Revenue all but doubled, to $1.8m on pcp, while the operating loss for the period was $1.98m, a 40% reduction compared to the pcp. Biome says its outlook is positive, with revenue growth expected to continue, and two new product launches planned in the second half. Shares have gained 6%.
(Stocks highlighted in yellow rose after making announcements during the trading day).
Scroll or swipe to reveal table. Click headings to sort.
Code | Company | Price | % | Volume |
---|---|---|---|---|
TPC | TPC Consolidated Ltd | 2.11 | -36.1% | 42,231 |
NVA | Nova Minerals Ltd | 0.61 | -33.0% | 7,520,466 |
ZBT | Zebit Inc. | 0.05 | -32.4% | 138,887 |
ANL | Amani Gold Ltd | 0.0015 | -25.0% | 10,268,629 |
RCR | Rincon | 0.1 | -20.0% | 364,251 |
ADY | Admiralty Resources. | 0.016 | -20.0% | 30,002 |
GGX | Gas2Grid Limited | 0.002 | -20.0% | 10,548 |
ATR | Astron Corp Ltd | 0.55 | -19.1% | 11,584 |
TIG | Tigers Realm Coal | 0.013 | -18.8% | 10,185,769 |
BRV | Big River Gold Ltd | 0.205 | -18.0% | 1,566,091 |
SLM | Solismineralsltd | 0.19 | -17.4% | 1,457,567 |
EX1 | Exopharm Limited | 0.29 | -17.1% | 960,800 |
SMN | Structural Monitor. | 0.5 | -16.7% | 191,310 |
ESH | Esports Mogul Ltd | 0.005 | -16.7% | 5,562,760 |
VPR | Volt Power Group | 0.0025 | -16.7% | 791,957 |
LDX | Lumos Diagnostics | 0.495 | -16.1% | 735,667 |
ISU | Iselect Ltd | 0.235 | -16.1% | 117,398 |
DXB | Dimerix Ltd | 0.185 | -15.9% | 4,215,574 |
AGD | Austral Gold | 0.08 | -15.8% | 416,924 |
EMB | Embelton Limited | 11.05 | -15.6% | 1,000 |
IAM | Income Asset | 0.22 | -15.4% | 330,593 |
ODE | Odessa Minerals Ltd | 0.011 | -15.4% | 1,700,078 |
KCC | Kincora Copper | 0.14 | -15.2% | 157,755 |
IVT | Inventis Limited | 0.085 | -15.0% | 6,795 |
XF1 | Xref Limited | 0.51 | -15.0% | 247,779 |
Sezzle (ASX:SZL) – takeover offer from Zip Co
Blue Star Helium (ASX:BSH) – ahead of a drilling update
Roto Gro International (ASX:RGI ) – become aware of material uncertainty in financial position