Proactive’s Tylah Tully gives a market wrap for November 14.
The ASX closed 0.47% higher today at 8,231.5 points, with minimal change over the past five days and remaining 1.82% below its 52-week high.
Nufarm shares rose 6% to A$3.88 after the company reported strong growth despite challenging conditions. Its FY24 results indicated an underlying EBITDA of A$313 million at the midpoint of guidance, though it posted a net statutory loss after tax of A$6 million.
West African Resources Ltd (ASX:WAF) fell 7.25% to A$1.38. Earlier this week, the company detailed an exploration update outlining a 10-year production target of 420,000 ounces of gold annually from 2023 to 2033.
Seven sectors posted gains, with information technology leading at 1.81%, reflecting a 71% increase year-to-date. Conversely, the materials sector was the poorest performer, down just under 1%.
Among the small caps sector, gainers today were Metalsgrove Mining Ltd, which reached $0.061, 15.1% higher than yesterday's close, and Kali Metals Ltd (ASX:KM1), which was as much as 11.54% higher intra-day to $0.145.
Other increases were recorded by American Rare Earths Ltd (ASX:ARR, OTCQB:ARRNF), up as much as 10.42% to $0.265, Green Technology Metals Ltd (ASX:GT1, OTC:GTMLF) lifted by 10.15% to a high of $0.076, Astral Resources NL (ASX:AAR) hit $0.135, an increase of 8% on the previous close, Latin Resources Ltd (ASX:LRS, OTC:LRSRF) was up to 7.5% higher at $0.215, Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) reached $0.745, a rise of 4.2%, Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) increased by 4.2% to $0.48 and Tolu Minerals Ltd (ASX:TOK) was as much as 3.27% higher to $0.95.