Local large caps posted a solid day of trade on Thursday, as the ASX 200 finished 0.36% higher.

Gains were led by the Information Technology sector, with Square Inc shareholders signing off on the company’s all-share bid for Afterpay (ASX:APT).

ASX 200 banking and financial stocks also outperformed for the second straight day.

After leading the market with a barnstorming ~30% rally from mid-September, ASX energy stocks have come off the boil as oil prices stabilise.

Oil & gas plays were the notable laggards on Thursday, as the ASX 200 Energy index fell by more than 2%.


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Big-boy movers with news were led by uranium play Paladin Energy (ASX:PDN), which provided some more context around the restart plans at its Langer Heinrich mine in Namibia.

Langer Heinrich is expected produce around 77.4Mlb over 17 years of mine life at an average cash cost of US$27.40/lb, the company said.

Details of a specific start date weren’t forthcoming, but PDN said discussions are ramping up with various energy utilities providers around offtake agreements.

That was enough for a sharp mover higher in Thursday trade, because Sprott is still buying up physical uranium and investor sentiment is at fever pitch.

Another notable mover was Vulcan Energy (ASX:VUL), which dipped sharply and dominated the local headlines in the wake of the last week’s short-seller report by J Capital.

But shares in the zero-carbon lithium play have steadied and today the stock jumped by ~10%.

Elsewhere, market-darling (and former small cap) Chalice Mining (ASX:CHN) posted solid gains, one day after setting out terms and projected pricing for the IPO of its Victorian gold assets.


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Pizza proprietor Domino’s (ASX:DMP) led the laggards with a fall of almost 20% following the company’s AGM last night.

In its FY22 trading update, Domino’s said sales growth has been “uneven across regions, with operations affected by local
conditions including lockdowns and ongoing changes in customer behaviour, making short-term forecasts challenging”.