Proactive’s Tylah Tully gives a market wrap for January 21.
The ASX closed 0.66% higher at 8,402.4 points. Over the past five days, the index gained 2.08% and is now 1.32% below its 52-week high.
Liontown Resources rose 11% to $0.705 after reporting December quarterly results, including $16.7 million in operating cash flow, 1.17 million tonnes of ore mined and an annualised run rate of 2.4 million tonnes.
Tabcorp Holdings fell to $0.65, reversing gains from the previous session.
Seven sectors advanced, led by Financials, up 1.25%. Utilities was the weakest performer, dropping 1.56%.
The US dollar fell 1.3% after President Donald Trump announced potential tariffs of up to 25% on Canada and Mexico, effective as early as February 1.
Kali Metals Ltd climbed 21.74% to $0.14 after increasing the size of a gold anomaly at the Marble Bar Project by 80% to more than 9 kilometres while D3 Energy Ltd was as much as 8.75% higher to $0.087 on completing successful production testing in South Africa.
Other positive moves in the small cap sector were made by Nova Minerals Ltd, as much as 7.94% higher to $0.34, Astral Resources NL was up 3.7% to $0.14, gold producer Ora Banda Mining Ltd hit $0.735, a rise of 3.53%, Aurum Resources Ltd climbed 3.45% to $0.30, Tolu Minerals Ltd lifted 3.23% to $0.96 and Race Oncology Ltd was 3.19% higher to $1.295.