Closing Bell: Tech pushes ASX to another positive day

The ASX 200 rose 0.41% to close at 7,535 while the ASX Emerging Companies Index gained another 1.36% to close at 2,362 points.

All sectors were in the green except energy and utilities which lost 1.44% and 1.19%. The best performing sectors were tech, up 1.87% and industrials, up 1.24%.

TODAY’S BIGGEST WINNERS

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Code	Name	Price	% Change	Volume
PAM	Pan Asia Metals	0.33	120	26902234
VPR	Volt Power Group	0.003	50	3920000
IKW	Ikwezi Mining Ltd	0.69	44	10318
VAL	Valor Resources Ltd	0.011	38	118262124
RXH	Rewardle Holding Ltd	0.016	33	368544
T3D	333D Limited	0.0025	25	1152570
IDZ	Indoor Skydive Aust	0.022	22	13661378
PPY	Papyrus Australia	0.029	21	4447812
BMT	Beamtree Holdings	0.59	20	2091415
TYM	Tymlez Group	0.018	20	13220323
CAG	Caperangeltd	0.3	20	87815
HAW	Hawthorn Resources	0.06	20	1725408
MRL	Mayur Resources Ltd	0.19	19	1006857
SLX	Silex Systems	1.25	18	534003
GFN	Gefen Int	0.85	18	481713
CHR	Charger Metals	0.63	18	1168909
EL8	Elevate Uranium Ltd	0.405	17	1997924
ACW	Actinogen Medical	0.11	17	4064417
KNI	Kuniko	2.72	17	10672902
PNM	Pacific Nickel Mines	0.056	17	361406
VMT	Vmoto Limited	0.39	16	2331041
RCR	Rincon	0.25	16	156503
SCT	Scout Security Ltd	0.07	15	189977

Pan Asia Metals (ASX:PAM) more than doubled after lodging 5 prospecting applications over the geothermal lithium-rich ‘Kata Thong’ project in Thailand.

Valor Resources (ASX:VAL) announced high-grade uranium, rare earth, silver and lead results from its Hook Lake project.

Companies that climbed after releasing their annual or half yearly results included Indoor Skydive Australia (ASX:IDZ), Volt Power Group (ASX:VPR) and Gefen (ASX:GFN).

TODAY’S BIGGEST LOSERS

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Code	Name	Price	% Change	Volume
CCE	Carnegie Cln Energy	0.002	-33	4812694
MAG	Magmatic Resources	0.11	-21	4269591
ARO	Astro Resources NL	0.004	-20	3083334
GLE	GLG Corp Ltd	0.26	-19	50900
AGR	Aguia Res Ltd	0.042	-18	3625861
BCT	Bluechiip Limited	0.033	-18	4343962
WWG	Wiseway Group	0.35	-17	1321461
RNX	Renegade Exploration	0.005	-17	456186
MSB	Mesoblast Limited	1.665	-16	20827528
CXX	Cradle Resources Ltd	0.033	-15	649373
ICN	Icon Energy Limited	0.011	-15	200000
CLE	Cyclone Metals	0.006	-14	7674772
PIL	Peppermint Inv Ltd	0.012	-14	12072297
XST	Xstate Resources	0.003	-14	4620462
CI1	Credit Intelligence	0.013	-13	5597083
TSC	Twenty Seven Co. Ltd	0.0035	-13	1705000
BUY	Bounty Oil & Gas NL	0.015	-12	709237
ARC	Aust Rural Cap Ltd	0.53	-12	44597
PGL	Prospa Group	0.91	-11	295104
WSI	Weststar Industrial	0.024	-11	3345087
A3D	Aurora Labs Limited	0.12	-11	580870
ADO	Anteotech Ltd	0.16	-11	13846855

Magmatic Resources (ASX:MAG) fell off the back of an exploration update.

Aguia Resources (ASX:AGR) fell after an update on its legal battle against authorities in Brazil.

ANNOUNCEMENTS YOU MAY’VE MISSED

This morning a new ETF was listed on the ASX in ETF Securities’ Semiconductor ETF (ASX:SEMI). This fund owns semiconductor companies, specifically all of them in the Solactive Global Semiconductor 30 Index including Intel, Qualcomm and Taiwan Semiconductor Manufacturing Company.

Hillgrove Resources (ASX:HGO) won a $2m grant from the South Australian government to trial a new underground mining technology, the Komatsu MC51 continuous mining machine. The Komatsu MC51 will be used to develop a portal and 500m underground decline at Kanmantoo and through this process its commercial viability will be examined.

BNPL company Splitit (ASX:SPT) announced it was moving on CEO Brad Paterson and had hired John Harper. The company said a change of leadership was necessary to maintain its current momentum and fulfil its ambitions for an increased footprint.

Happy Valley Nutrition (ASX:HVM) told shareholders it was unlikely to secure equity financing for its proposed infant formula plant this year and it was unlikely the first product delivery date would be August 2023. However the company said discussions to reach a deal were continuing and it may involve a sale of an interest in the project.

Webjet (ASX:WEB) said it would be operating cash flow positive for the first half of the new financial year. The company credited its subsidiary WebBeds which is an online accomodation distribution business.

Regional Express (ASX:REX) has not been going as well, unveiling a loss of $4.9 million for FY21. While the company said it performed “relatively well” amidst COVID-19 it warned the outlook for the year ahead was highly uncertain.