Top 10 at 11: ASX up again as Trump shows softening stance on China

News Nadine McGrath
asx today gmn asx stocks

Markets are looking optimistic amid US-China trade war unwind. Pic: Getty Images

Morning, and welcome to Stockhead’s Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading.

With the market opening at 10am sharp eastern time, the top 10 data is taken at 10.15am, once trading kicks off in earnest.

The S&P/ASX 200 was up 0.42% as of 10.50am AEST, tracking strong gains on Wall Street overnight as US President Donald Trump showed a softening stance on China tariffs.

The tech-heavy Nasdaq index climbed 2.5%, the S&P 500 index was up 1.7% and the Dow Jones rose 1%.

US 10-year bond yields settled flat at ~4.39%

Among commodities, global benchmark Brent crude is trading higher at ~$US66 per barrel, while gold is up to trade at  $US3330.74 per ounce. Iron ore is trading at $US100.09 per tonne.

Cryptocurrency giant bitcoin remains above $US93,000, while the Aussie dollar is trading ~US64c.

Back on the local bourse, nine of the 11 sectors opened in the green with materials leading the gainers, up 1.06%, followed by tech (+0.6%). Energy was down 1.49%, followed by consumers staples (-0.69%).

 

WINNERS

Code Description Last % Volume MktCap
TKL Traka Resources 0.002 100% 848,136 $2,125,790
88E 88 Energy Ltd 0.0015 50% 145,714 $28,933,812
GMN Gold Mountain Ltd 0.002 33% 423,044 $7,193,970
RLG Roolife Group Ltd 0.005 25% 600,000 $5,984,125
TNC True North Copper 0.235 21% 228,758 $24,538,608
AUR Auris Minerals Ltd 0.006 20% 8,787,422 $2,383,130
AZL Arizona Lithium Ltd 0.006 20% 8,690,937 $22,809,073
KPO Kalina Power Limited 0.006 20% 339,656 $14,471,099
LIT Livium Ltd 0.01 18% 5,217,045 $14,369,311
AVR Anteris Technologies 6.58 17% 4,177 $86,519,608
WordPress Table

Gold Mountain (ASX:GMN) is up 33% in morning trade after reporting four significant copper-gold anomalies have been identified, extending across a 20 km north-south corridor at its Ararenda Project, in northeast Brazil.

GMN said the anomalies were in partly derived from a known iron and copper mineralised zone underlain by a major IP anomaly that extends into GMN tenements.

Livium (ASX:LIT) is up 18% after announcing that its wholly-owned subsidiary Envirostream Australia had signed a new battery recycling agreement on a subcontractor basis with Sell & Parker Pty Ltd.

“This agreement with Sell & Parker has the potential to be Envirostream’s largest ever recycling contract on a revenue basis,”CEO and managing director Simon Linge said.

 

LOSERS

Code Name Price % Change Volume Market Cap
ADD Adavale Resource Ltd 0.001 -50% 2,799 $4,574,558
CR9 Corellares 0.002 -33% 2,994,561 $1,904,722
CRR Critical Resources 0.003 -25% 1,126,789 $9,856,885
RGL Riversgold 0.004 -20% 750,100 $8,418,563
MKL Mighty Kingdom Ltd 0.005 -17% 200,000 $1,932,303
DTZ Dotz Nano Ltd 0.06 -14% 61,040 $39,642,907
IBX Imagion Biosys Ltd 0.012 -14% 16,575 $2,818,780
GT1 Green Technology Metals 0.033 -13% 1,091,144 $14,772,580
OLH Oldfields Holdings 0.04 -13% 63,662 $9,800,720
GDG Generation Development Group 4.22 -13% 1,189,330 $1,875,886,254
WordPress Table

 

Financial services company Generation Development Group (ASX:GDG) is down 13% in morning trade after releasing its March quarter update, which included FUM of $26.8 billion for Evidentia Group.

The company said it had  further strengthened its leadership in the investment bonds market, reaching $3.95bn in FUM, up 23% on PCP, and achieving record quarterly inflows of $239m, up 55%.

In his address to shareholders former Aussie swim star and GDG CEO Grant Hackett said the company delivered a strong performance in the March quarter, with all businesses contributing to growth despite continued market volatility.

“The group remains well-positioned with a robust financial profile, strong net inflows, and clear strategic momentum,” Hackett said. 

Related Stories