Proactive’s Tylah Tully gives a market wrap for October 21.
The ASX closed 0.74% higher today, reaching 8,344.4 points. Over the past five days, the index gained 1.58% and is currently 0.48% below its 52-week high.
Top performers included Amotiv, which rose by 10%, adding $1 to its share price and closing at $10.99. Genesis Minerals (ASX:GMD) also increased by 7.39%, closing at $2.47 per share.
On the downside, Wise Tech Global, Australia’s largest listed tech company, dropped by as much as 20%, closing at $104.65.
The company's valuation dropped significantly amid serious allegations against CEO Richard White.
Wise Tech’s Board is reviewing the matters raised in today’s media reports and is seeking further information and external advice.
Sector-wise, 10 sectors were higher, with Materials up 1.44% and Energy rising by 1.25%. Information Technology was the only declining sector, dropping by 2.97%.
A big mover on the small cap front today was Yandal Resources on the back of a potential new gold discovery, rising as much as 120% to a new two-year high of $0.22.
Other movers were Silver Mines Ltd (ASX:SVL, OTC:SLVMF), which was as much as 16.7% higher intra-day to $0.14, Polymetals Ltd as much as 14.64% higher to $0.47, Lunnon Metals Ltd (ASX:LM8, OTC:LNMLF) up as much as 13.35% to $0.34, Aeris Resources Ltd (ASX:AIS, OTC:ARSRF) up 11.12% to an intra-day higher of $0.25, Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF) up to 11.12 higher to $.065, Predictive Discovery Ltd (ASX:PDI, OTC:PDIYF) as much as 10% higher to $0.25, Ore Banda Mining up to $0.875 and this was 8.7% higher, Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) as much as 7.34% higher to $0.585 and FireFly Metals Ltd (ASX:FFM) was up 6.11% to an intra-day high of $1.13.