Closing Bell: Three-day winning streak means ASX 200 finishes higher this week
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It looks like Aussies will be stuck in the country for the rest of winter, with the Trans-Tasman travel bubble being suspended for the next eight weeks by the NZ Prime Minister, Jacinda Ardern.
Ardern said the delta variant has run rampant in Australia, and had “materially changed the risk profile” of the bubble in place.
To the markets….
The ASX 200 has extended gains for the third consecutive day, closing 0.11% higher on Friday.
The benchmark index was up 0.63% for the week, after plunging for two days earlier this week.
In today’s trading, Healthcare and Tech sectors led, rising by around 1% each.
The best performer today was trailers specialist MaxiTrans (ASX:MXI) which rose by 32% after entering into an agreement to sell its Trailer Solutions business and Ballarat property to Australian Trailer Solutions Group (ATSG), for an enterprise value of $30.257m, subject to shareholder approval.
In addition, MXI is in advanced discussions to sell its Derrimut and Hallam sites to a third party for a cash consideration of $18.05m.
“What we are announcing today creates two simplified and more focused businesses,” said MaxiTrans CEO, Dean Jenkins.
IT solutions company Damstra Holdings (ASX:DTC) leapt another 19%, and is up by 44% this week since reporting yesterday that it has booked a record quarterly revenue of $9.1m in Q4, up 75% on pcp.
Environmental Group (ASX:EGL) rose by 14% after securing a $5.2 million contract with FLSmidth for the design and supply of emissions control system.
Telco Swift Media (ASX:SW1) rose by 22% after flagging a 15% increase in full year FY21 revenues from the prior corresponding period (pcp), to $17.6 million.
Viking Mines (ASX:VIK) says it sights visible gold in hole VDD016 at 57.95m.
“What is exciting is that we have seen gold in a quartz vein in one of the step out holes located ~165m north of the historic underground workings and in a shallow position below surface,” says Viking Mines CEO Julian Woodcock.
Specialist drilling services company, DH1 Ltd (ASX:DDH), says its EBITDA is expected to be $74.8 million, which is 7.9% higher than the IPO forecast of $69.3 million.
“Since listing on the ASX in March, DDH1 has continued to benefit from the strong macro-economic conditions that suit our diversified commodities exposure, client base and geographic footprint,” said DDH1 CEO Sy Van Dyk.
Western Gold Resources (ASX:WGR) made its ASX debut today at 20c after rising $7m in the IPO, but closed its first day of trading at 19c.