The Australian equity market jumped on a positive lead from Wall Street overnight, and delivered a 0.9% to 5252 by the end of the trading session.
While interesting, it's the lithium sector grabbing the most attention.
MARKET ACTION .... today brings you three lithium plays
Segue Resources Ltd (ASX:SEG) has entered into a farm-in joint venture with Zeus Resources Ltd (ASX:ZEU) regarding a lithium exploration in the Gascoyne region of Western Australia.
The benefit of the expanded licenses is that if there is a discovery by other explorers in the region, then Segue as the largest explorer in that province, will also benefit.
Segue shares finished the day 50% higher at $0.003, with 429 million shares changing hands.
Argonaut Resources NL (ASX:ARE) today pounced on another lithium acquisition in Canada, with the company a five-bagger over the past six weeks.
Argonaut has now agreed to purchase the Greenbush Lake Lithium Pegmatite Project, which is located 150 kilometres west-northwest of the company's Crescent Lake Lithium Project.
The project features a large outcropping pegmatite with rock-chip sAMPles of up to 2.46% lithium, and 15 metres at 1.25% lithium.
Shares closed up 21% at $0.023.
Lithium Australian NL (ASX:LIT) is commence field work at its Electra project, which is positioned along a potential strike extension from the large Sonora lithium clay deposit in Mexico.
Sonora is the world’s largest lithium clay province.
LIT's expanding lithium portfolio also extends to the Czech Republic and Western Australia.
The company's shares added 16.7% to $0.345, but go back six months, and you could have snapped them up for under $0.06.
BLUE CHIP ROUND-UP
Major miners
BHP Billiton (ASX:BHP) up 5.2% to $19.67; Fortescue Metals Group (ASX:FMG) up 6.7% to $3.32; Newcrest (ASX:NCM) down 0.3% to $18.01; Rio Tinto (ASX:RIO) up 3.8% to $49.29.
Energy or Oil and Gas
Oil Search (ASX:OSH) up 5.0% to $6.53; Santos (ASX:STO) up 5.1% to $4.08; Woodside Petroleum (ASX:WPL) up 4.0% to $26.82.
Big 4 banks
ANZ Bank (ASX:ANZ) up 1.5% to $24.06; Commonwealth Bank (ASX:CBA) up 0.7% to $74.70; National Australia Bank (ASX:NAB) up 2.4% to $27.20; Westpac (ASX:WBC) up 0.4% to $30.55.
Other banks, financials and industrials
AMP (ASX:AMP) up 0.9% to $5.81; Bank of Queensland (ASX:BOQ) up 1.8% to $11.54; Bendigo and Adelaide Bank (ASX:BEN) up 1.8% to $9.04; Macquarie Group (ASX:MQG) up 2.8% to $65.90; Suncorp (ASX:SUN) up 1.3% to $12.41; Telstra (ASX:TLS) up 1.1% to $5.39.
Retailers
JB Hi-FI (ASX:JBH) down 3.2% to $21.63; Wesfarmers (ASX:WES) down 0.7% to $40.82; Woolworths (ASX:WOW) down 0.2% to $22.14.
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