The ASX 200 responded to record high levels on Wall Street overnight, rallying by 0.89% to close at 7,389 points.

All eleven sectors were up, led by the miners which gained around 1.5% ahead of the US Fed statement due today (US time).

Lithium stocks in particular caught a bid, with major players like Orocobre (ASX:ORE) and Plibara Minerals(ASX:PLS) gaining 6.5% and 4.5% respectively.

In a major boost to the crypto market, the Commonwealth Bank (ASX:CBA) announced that it will become the country’s first bank to offer customers the ability to buy, sell and hold crypto assets, directly through the CommBank app.

CBA has partnered with one of the world’s largest regulated crypto exchanges and custodians, Gemini, and leading blockchain analysis firm, Chainalysis.

The pilot will start in the coming weeks and CBA intends to progressively rollout more features to more customers in 2022, with access of up ten selected crypto assets including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

Meanwhile, iron ore miners were mainly up despite the spot iron ore price slipping 6.6% overnight and back below US$100 to US$96.45/t.

BIG CAP WINNERS

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Code Name Price % Change Volume Market Cap
AMP AMP Limited 1.175 9.3% 22,663,813 $3,511,063,792
LKE Lake Resources 1.005 8.1% 22,337,980 $1,115,999,710
VUL Vulcan Energy 11.55 6.8% 2,629,166 $1,338,652,167
IMU Imugene Limited 0.555 6.7% 21,301,645 $2,935,527,863
ORE Orocobre Limited 9.67 6.4% 6,178,903 $5,795,107,577
PLS Pilbara Min Ltd 2.32 5.0% 22,212,260 $6,562,122,467
INR Ioneer Ltd 0.785 4.7% 14,520,994 $1,537,544,732
NUF Nufarm Limited 4.66 4.0% 793,753 $1,701,983,880
NVX Novonix Limited 8.33 4.0% 5,126,637 $3,865,337,336
MIN Mineral Resources. 39.1 4.0% 1,113,009 $7,102,656,436
WHC Whitehaven Coal 2.46 3.8% 19,194,954 $2,447,366,830
LTR Liontown Resources 1.94 3.7% 9,885,554 $3,573,903,574
JHX James Hardie Indust 53.92 3.7% 660,014 $23,142,176,645
PEB Pacific Edge 1.41 3.7% 8,243 $1,100,300,081
CWY Cleanaway Waste Ltd 2.87 3.6% 7,893,402 $5,710,712,657
AVN Aventus Group 3.5 3.6% 1,121,093 $1,929,065,054

Lithium developer Lake Resources (ASX:LKE) is up 10%, after announcing a new appointment to its management team in Argentina, Gautam Parimoo, as Chief Operating Officer.

“Gautam offers a measured and collaborative approach to project development with vast experience in South America, especially in dealing with local communities and local engagement,” said Lake’s CEO Steve Promnitz.

AMP (ASX:AMP) is up 9%, after finally divesting away its residual 19% stake in Resolution Life (RLA) for $524m.

The sale of the RLA stake will complete AMP’s exit from its former life insurance and mature business, AMP Life, which it sold to Resolution Life in 2020 for $3 billion including the equity interest in RLA.

BIG CAP LOSERS

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Code Name Price % Change Volume Market Cap
TYR Tyro Payments 3.45 -15.0% 8,758,185 $2,089,391,556
JDO Judo Cap Holdings 2.3 -7.3% 6,160,349 $2,741,655,805
ERA Energy Resources 0.39 -4.9% 182,087 $1,513,467,111
OCL Objective Corp 20.92 -4.3% 46,143 $2,063,025,019
RBL Redbubble Limited 3.72 -3.9% 2,126,099 $1,067,811,263
UWL Uniti Group Ltd 4.03 -3.6% 1,715,851 $2,875,544,725
HGH Heartland Group 2.21 -3.5% 457 $1,350,720,961
HUB HUB24 Ltd 30.11 -3.1% 259,410 $2,131,480,666
WAF West African Res Ltd 1.24 -2.7% 6,638,008 $1,126,975,194
CRN Coronado Global Res 1.245 -2.7% 10,349,004 $2,145,860,774
ABB Aussie Broadband 4.99 -2.7% 849,107 $1,148,257,909
360 Life360 Inc. 11 -2.7% 600,018 $1,763,207,885
LFG Liberty Fin Group 6.02 -2.4% 63,730 $1,873,212,000

Tyro Payments (ASX:TYR) plummeted 13% following its AGM this morning, where it announced the resignation of board member, Hamish Corlett.  Tyro also declined to provide an outlook for FY22 at its AGM.