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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Media

ASX rallies, but a discovery powered this small cap near 12 month highs

The ASX boards were full of green arrows today, and the All Ordinaries leapt 1.9% to 5184.But if your percentage gainers need to be in the double digits, then check out the MARKET ACTION.

The ASX boards were full of green arrows today, and the All Ordinaries leapt 1.9% to 5184 as bargain hunters entered the market and snapped up stocks.

But if your percentage gainers need to be in the double digits, then check out the MARKET ACTION ....

.... MARKET ACTION

Impact Minerals (ASX:IPT) shares surged 12.5% today to close at $0.027 with over 1.8 million shares traded following another discovery.

At one stage the company hit $0.029 as it pushed closer to its recent 12-month high of $0.035.

Impact intersected a 1.2 metre thick massive nickel-copper sulphide unit within a 4 metre thick zone of mineralisation from 60 metres.

The discovery was made 20 metres beneath previous high grade drill intercepts at the Red Hill Mine shaft.

The Red Hill prospect is located some 20 kilometres from the Broken Hill Lead-Zinc-Silver mine in New South Wales, which has produced for over 100 years.

Now.... the Blue Chip Stocks

Major Miners

BHP Billiton (ASX:BHP) up 4% to $23.50; Fortescue Metals Group (ASX:FMG) up 1.4% to $1.87; Newcrest (ASX:NCM) up 9.1% to $13.80; Rio Tinto (ASX:RIO) up 2.2% to $49.81.

Oil and Gas

Oil Search (ASX:OSH) up 1.5% to $7.37; Santos (ASX:STO) up 5.7% to $4.43; Woodside Petroleum (ASX:WPL) up 3.1% to $30.45.

Other banks, financials and industrials

AMP (ASX:AMP) up 1.3% to $5.66; Bank of Queensland (ASX:BOQ) up 0.4% to $11.61; Bendigo and Adelaide Bank (ASX:BEN) up 0.7% to $9.98; Macquarie Group (ASX:MQG) up 1.1% to $77.16; Suncorp (ASX:SUN) up 0.1% to $12.20; Telstra (ASX:TLS) up 2% to $5.73.

Retailers

JB Hi-FI (ASX:JBH) up 1.3% to $19.36; Wesfarmers (ASX:WES) up 1.9% to $40.00; Woolworths (ASX:WOW) up 1.4% to $25.88.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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