Proactive’s Tylah Tully gives a market wrap for November 27.
The ASX rebounded today, increasing by 0.57% to close at 8,406.7 points. Over the past five days, the index has risen 0.97% and remains 0.65% below its 52-week high.
Top performer Web Travel Group saw a 13.48% rise to $4.80 per share following the release of financial results.
The company reported a 25% increase in WebBeds TTV to $2.6 billion and forecast $5 billion TTV for FY25. Revenue increased by 1% year-on-year and underlying group EBITDA reached $70 million.
Pinnacle Investment Management Group fell 5.08% to $23.16 per share after announcing a $25 million SPP to fund investments in VSS and PAM, with shares priced at $20.30.
All 11 ASX sectors posted gains, with Consumer Discretionary (+1.03%) and Communication Services (+0.87%) leading.
Among small caps, Orthocell Ltd (ASX:OCC, OTC:ORHHF) was a significant mover, rising as much as 27.56% to a daily high of $0.81 while European Lithium Ltd (ASX:EUR, OTCQB:EULIF) increased by 19.24% to $0.031, Nova Minerals Ltd (ASX:NVA, NASDAQ:NVA) reached $0.25, a rise of 13.65% on the previous close and Silver Mines Ltd (ASX:SVL, OTC:SLVMF) was 12.9% higher to $0.105.
Other small cap gainers were Titan Minerals Ltd (ASX:TTM, OTC:TTTNF), up 9.31% to $0.47, Empire Energy Ltd hit $0.2275, an increase of 8.34%, Dynamic Metals Ltd (ASX:DYM) lifted 7.89% to $0.215, Ora Banda Mining Ltd (ASX:OBM) rose 7.52% to $0.715, Polymetals Resources Ltd (ASX:POL) reached $0.73, a rise of 6.57% and Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) moved up by 4.52% to $0.81.