Proactive’s Tylah Tully gives a market wrap for January 13.
The ASX closed near its lows on Monday, declining 1.23% to 8,191.9 points. The index fell below its 20-day moving average, with a 0.71% loss over the past five days but a gain of 9.25% over the past year.
The Star Entertainment Group Limited rebounded 13.64% to close at $0.125 per share, following a significant decline last week.
Premier Investments Limited’s shares dropped $5.26 (15.92%) to $27.78.
The decline followed the release of Premier Retail's first-half FY25 trading update, reporting expected global sales between $855 million and $865 million.
Energy led with a 1.82% increase, followed by Utilities, up 0.87%. The Information Technology sector fell 3.35%, driven by declines in Xero, WiseTech Global, and Technology One.
QMines Ltd (ASX:QML) was as much as 20.83% higher to $0.435 after receiving high-grade copper and zinc results from drilling at the Develin Creek Project in central Queensland and Terra Metals Ltd (ASX:TM1, OTC:PNGZF) rose another 28.13% today to $0.041 after it received a speeding ticket from the ASX seeking an explanation for the increase from $0.023 to $0.032 last week.
Other positive moves in the small cap sector today were made by Titan Minerals Ltd (ASX:TTM, OTC:TTTNF), which was up as much as 10.13% to $0.435, Anson Resources Ltd (ASX:ASN, OTCQB:ANSNF) rose 7.82% to a daily high of $0.069, Anteris Technologies Global Corp (ASX:AVR, OTC:AMEUF) moved up 6.53% to $9.80, Brookside Energy Ltd (ASX:BRK, OTC:RDFEF) reached $0.52, a 5.06% increase on the previous close, Predictive Discovery Ltd (ASX:PDI, OTC:PDIYF) lifted 4.90% to $0.257 and Nova Minerals Ltd (ASX:NVA, NASDAQ:NVA) was up by 4.0% to $0.39 after last week hitting a new high of almost two years at $0.455.