The ASX 200 touched new fresh intraday highs today of 7,615, before softening towards the close to 7,576 for a 0.19% gain.

Utilities, energy, and miners were the best performers, while tech and telco stocks underperformed.

Commonwealth Bank (ASX:CBA) rose by 1.3% and touched an all time high of $109.03 in intraday trading, but closed at $108.01.

The bank’s shares rose after splashing shareholders with a final dividend of $2 a share, which is 104% higher than the previous year’s payout. The bank will also commence a $6 billion off-market buyback of its shares.

Meanwhile, investors are trading nervously ahead of the consumer price report in the US tonight, which would dictate the direction of US Fed’s rates policy. Economists’ consensus is for headline inflation to soften to 4.3% in July, from 4.5% in June.

 

BIG CAP WINNERS

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Code Name Price % Change Volume Market Cap
NVX Novonix Limited 3.92 12.3% 20,564,523 $1,412,058,830
LTR Liontown Resources 0.985 8.8% 10,430,473 $1,722,138,292
YAL Yancoal Aust Ltd 2.31 8.5% 311,115 $2,812,536,001
GXY Galaxy Resources 5.65 6.6% 9,895,232 $2,680,049,028
ORE Orocobre Limited 9.92 6.3% 5,830,751 $3,212,838,886
IFL IOOF Holdings Ltd 4.72 5.8% 3,639,319 $2,895,986,628
DUB Dubber Corp Ltd 3.66 5.8% 1,511,103 $1,008,762,896
IRE IRESS Limited 15.19 5.8% 1,710,575 $2,781,196,723
PLS Pilbara Min Ltd 2.45 5.2% 34,085,079 $6,760,453,433
ASM Ausstratmaterials 8.61 5.1% 510,177 $1,142,554,189
VUL Vulcan Energy 15.21 5.0% 2,525,970 $1,574,831,956
PPK PPK Group Limited 14.85 4.9% 349,064 $1,260,082,871
CRN Coronado Global Res 1.01 4.7% 17,008,912 $1,617,777,849
DDR Dicker Data Limited 14.88 4.6% 248,385 $2,456,929,254
PDN Paladin Energy Ltd 0.495 4.2% 6,059,638 $1,271,998,259

IRESS (ASX:IRE) +6%

The financial services tech company received an improved takeover offer price from EQT Fund Management of $15.91 per share before franking credits, from previous offers of $14.8 and, and $15.30 to $15.50.

Iress has agreed to grant EQT a period of exclusivity for 30 days to undertake its due diligence.

Novonix (ASX:NVX)+12%

The battery materials and technology company rose today and has risen by almost 40% this week, after announcing that US-based Philips 66 will take a 16% stake in NVX.

“Phillips 66’s investment will provide us with the capital needed to support growth and ongoing R&D as we continue to scale our synthetic graphite production and develop new technologies for higher-performance energy storage applications,” commented Novonix CEO and co-founder Chris Burns.

James Hardie (ASX:JHX)+1.5%

The fibre cement manufacturing giant is up by 9% this week after reporting bumper first quarter revenue of US$843.3 million.

The company saw increases in revenue of around 30% in all regions globally.

BIG CAP LOSERS

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Code Name Price % Change Volume Market Cap
AX1 Accent Group Ltd 2.61 -6.8% 3,948,047 $1,517,226,802
MP1 Megaport Limited 16.77 -6.3% 1,460,880 $2,806,978,655
CEN Contact Energy Ltd 7.6 -4.8% 18,701 $1,940,622,293
ING Inghams Group 3.79 -4.1% 1,798,960 $1,468,134,424
PRU Perseus Mining Ltd 1.44 -3.0% 6,564,661 $1,822,049,811
REA REA Group 150.78 -2.7% 440,901 $20,463,635,741
IAG Insurance Australia 5.14 -2.7% 10,499,389 $13,015,729,088
GMG Goodman Group 23.16 -2.5% 4,068,732 $43,876,444,806
29M 29Metalslimited 2.39 -2.4% 2,379,767 $1,177,114,750
CHC Charter Hall Group 16.5 -2.3% 1,139,708 $7,866,975,743
NEA Nearmap Ltd 2.16 -2.3% 1,380,928 $1,099,429,624
PME Pro Medicus Limited 55.85 -2.2% 121,387 $5,953,607,223
FPH Fisher & Paykel H. 30.41 -2.2% 388,435 $17,930,237,318
SLR Silver Lake Resource 1.345 -2.2% 14,081,415 $1,212,541,661
Z1P Zip Co Ltd. 7.82 -2.1% 4,825,362 $4,491,462,629
SDF Steadfast Group Ltd 4.63 -2.1% 1,308,403 $4,122,230,163
RRL Regis Resources 2.37 -2.1% 6,514,081 $1,825,183,849

Footwear retailer Accent Group (ASX:AX1) fell by 7% after a downgrade note out of Citi. The broker has reduced its rating on Accent from “neutral” to “sell”.