Proactive's Tylah Tully gives a market wrap for October 29.
The ASX closed 0.34% higher at 8,249.2 points, though the index is down 0.53% over the past five days and currently sits 1.61% below its 52-week high.
Leading stocks included Zip Co, which rose 11% to $3.12 per share following strong Q1 FY25 financial results showing a 233% increase in group cash EBITDA to $31.7 million and a revenue rise of nearly 19% to $239.9 million.
Among decliners, Coronado Global Resources dropped 6.64%, closing at 98.5 cents after releasing its quarterly update. Despite reporting $608 million in group revenue, the company lowered its full-year production and cost guidance due to ongoing weather-related disruptions.
Sector-wise, seven sectors closed higher with Consumer Discretionary and Information Technology leading at 0.76% and 0.73% gains, respectively. The Energy sector saw the most significant decline, down 0.67%.
Among the movers in the small cap sector today were Dynamic Metals Ltd (ASX:DYM), which was 15.38% higher to $0.225, Piedmont Lithium (ASX:PLL, OTC:PLLTL) was up to 13.89% higher to $0.205, FireFly Metals Ltd (ASX:FFM) increased as much as 11.85% to $1.18 after a resource update for the Green Bay Copper-Gold Project and Sprintex Ltd was up as much as 11.57% to $0.066.
Other movers were Polymetals Ltd, which hit a new record of $0.625, an increase of 11.61% on yesterday's close, Galileo Mining Ltd (ASX:GAL, OTC:GLMGF) was up 10.71% to $0.155 and Element 25 Ltd (ASX:E25, OTCQX:ELMTF) was as much as 6.8% higher to $0.31 on the back of an updated manganese resource.