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Markets were calm and collected on Thursday, as the ASX 200 climbed by more than 1% following a strong lead from Wall Street, and traded with little volatility throughout the session.
Investors are still comfortable with the US Fed’s plans to commence the wind-back of its post-COVID stimulus measures.
Shares in Evergrande were more than 10% higher on the Hang Seng exchange in Hong Kong, as fears subside that the property’s developer’s debt issues will become a contagion event.
In that environment, the ASX 200 Energy index chalked up an intraday gain of almost 3% Brent crude oil prices push back towards US$80/barrel.
The Information Technology index also moved higher as Afterpay (ASX:APT) climbed back above $130.
There were steady gains for the big banks, with more modest increases for the major miners after iron ore prices moved higher overnight.
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| NVX | Novonix Limited | 6.62 | 9.8% | 7,070,536 | $2,439,746,346 |
| INR | Ioneer Ltd | 0.68 | 8.8% | 17,589,961 | $1,190,123,063 |
| LTR | Liontown Resources | 1.595 | 8.5% | 11,640,280 | $2,809,432,222 |
| NWS | News Corp | 32.56 | 8.4% | 450,583 | $1,070,149,981 |
| WHC | Whitehaven Coal | 3.11 | 7.2% | 13,859,855 | $2,994,668,273 |
| CTD | Corp Travel Limited | 23.71 | 6.6% | 795,943 | $3,045,074,970 |
| KGN | Kogan.Com Ltd | 10.65 | 6.4% | 1,347,478 | $1,069,950,972 |
| SOL | Soul Pattinson (W.H) | 37.74 | 6.0% | 878,430 | $8,527,261,298 |
| SZL | Sezzle Inc. | 6.15 | 5.7% | 734,289 | $1,151,984,342 |
| WEB | Webjet Limited | 6.25 | 5.6% | 4,410,545 | $2,243,738,128 |
| LOV | Lovisa Holdings Ltd | 19.82 | 5.5% | 223,706 | $2,018,092,152 |
| CRN | Coronado Global Res | 1.365 | 5.4% | 3,443,399 | $2,171,007,580 |
| IMU | Imugene Limited | 0.495 | 5.3% | 45,412,244 | $2,567,635,231 |
| AGL | AGL Energy Limited. | 5.98 | 5.3% | 9,666,435 | $3,538,831,933 |
| FLT | Flight Centre Travel | 19.98 | 5.2% | 3,411,891 | $3,789,024,187 |
| MSB | Mesoblast Limited | 1.72 | 5.2% | 2,113,024 | $1,060,618,074 |
| YAL | Yancoal Aust Ltd | 2.54 | 5.0% | 190,824 | $3,195,463,438 |
| Z1P | Zip Co Ltd. | 6.83 | 4.9% | 8,169,060 | $3,659,502,092 |
| AMP | AMP Limited | 0.965 | 4.9% | 24,765,578 | $3,004,817,385 |
| BAP | Bapcor Limited | 7.57 | 4.8% | 1,570,504 | $2,450,558,250 |
Among the large cap winners was media conglomerate News Corp (ASX:NWS), which also trades on the US Nasdaq, and overnight announced that its board had approved a US$1bn share buyback program.
Lithium battery producer Novonix (ASX:NVX) was recently admitted to the ASX 300 courtesy, having nearly tripled in value in FY22 to-date.
With a close above $6.50, shares in NVX have now risen by more than 3,000% since March last year.
Staying on the topic of lithium small caps that became large caps, WA-based explorer Liontown Resources (ASX:LTR) also posted another day of strong gains, and has now risen by more than 2,000% since March 2020.
A travel thematic was also in play on today’s winner’s list, as both Webjet (ASX:WEB) and Flight Centre (ASX:FLT) rose by more than 5%.
And with coal prices recently hitting 12-year highs, $2.8bn Whitehaven Coal (ASX:WHC) hit new 2021 highs today and has now almost tripled from its May lows.
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| PMV | Premier Investments | 26.81 | -4.5% | 422,101 | $4,459,311,329 |
| VUL | Vulcan Energy | 13.51 | -4.2% | 1,891,444 | $1,742,847,124 |
| LNK | Link Admin Hldg | 4.27 | -3.4% | 3,426,362 | $2,370,119,680 |
| LTR | Liontown Resources | 1.47 | -3.3% | 10,554,352 | $2,904,991,141 |
| IAG | Insurance Australia | 4.87 | -3.0% | 11,914,113 | $12,374,803,034 |
| IPH | IPH Limited | 9.18 | -2.8% | 580,758 | $2,062,558,740 |
| AST | AusNet Services Ltd | 2.52 | -2.7% | 26,456,510 | $9,919,608,019 |
| LFG | Liberty Fin Group | 6.62 | -2.6% | 6,742 | $2,064,480,000 |
| TLX | Telix Pharmaceutical | 6.8 | -2.4% | 388,039 | $1,962,915,154 |
| LFS | Latitude Group | 2.15 | -2.3% | 239,872 | $2,200,000,000 |
| SUN | Suncorp Group Ltd | 12.17 | -2.1% | 4,829,924 | $15,947,275,770 |
| EVT | Event Hospitality | 14.65 | -2.1% | 126,093 | $2,411,484,994 |
| PME | Pro Medicus Limited | 57.92 | -2.1% | 205,412 | $6,173,406,551 |
| BFL | Bsp Financial Group | 5.29 | -2.0% | 246 | $2,523,006,484 |
| OCL | Objective Corp | 18.05 | -2.0% | 126,055 | $1,739,172,579 |
| WTC | Wisetech Global Ltd | 52.85 | -2.0% | 937,424 | $17,520,604,226 |
Leading the large cap laggards was biotech stock Telix Pharmaceuticals (ASX:TLX), which announced US health regulators have extended the review period for TLX’s new drug application for Illuccix, its investigational imaging product for prostate cancer.
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