Proactive’s Tylah Tully gives a market wrap for October 28.
The ASX closed 0.14% higher today at 8,222 points. The index has declined by 0.73% over the past five days and remains 1.93% below its 52-week high.
Zip Co saw the largest gains, rising 5.2% to $2.83 per share, despite no specific news. Whitehaven Coal followed, up 4% to $7.02.
Paladin Energy dropped 15.29% to $10.36 after releasing its September quarterly report, which revealed continued production ramp-up at the Langer Heinrich Mine but noted short-term operational issues affecting ore feed, recovery rates and output.
Six sectors advanced and Information Technology led with a 1.83% increase, followed by Consumer Discretionary, up 1.18%. Utilities performed the worst, down 0.69%, and Real Estate declined by 0.66%.
A big mover on the small cap front today was Asian Battery Minerals PLC, which was as much as 156% higher than the previous close to $0.11 on the back of strong copper and nickel results from Mongolia.
Among other movers were Ioneer Ltd (ASX:INR, OTC:GSCCF, NASDAQ:IONR), which was as much as 16.37% higher intra-day to $0.09, Astral Resources NL (ASX:AAR) increased by up to 13.8% to $0.165, Nova Minerals Ltd (ASX:NVA, NASDAQ:NVA) was as much as 12.96% up to $0.305, International Graphite Ltd (ASX:IG6) up to 12.28% higher to $0.064, Cobalt Blue Holdings Ltd (ASX:COB, OTC:CBBHF) was as much as 11.24% higher to $0.099 and Aldoro Resources Ltd (ASX:ARN), which was up 9.76% to $0.09.