S&P/ASX 200 (INDEXASX:XJO) surged 1.95% to 6067 by around 1.05 pm as the markets await a cut to the cash rate by the RBA this afternoon at 2:30 pm AEDT.
The energy sector is the standout with a gain of 5.07% after oil prices lifted 3% overnight while the information technology sector is up 2.77%.
Travel stocks rise
Travel stocks have gained thanks to the low number of new COVID-19 cases in Australia.
Webjet (ASX:WEB) jumped 7.49%, Sydney Airport (ASX:SYD) is up 2.3% and Qantas (ASX:QAN) is 3% higher.
Sandfire Resources Ltd (ASX:SFR) shares are down 6.31% after releasing a note to the market addressing media reports that China may be considering a ban on imports of copper ore and concentrate from Australia.
The company said it isn’t aware of the reasons for the reported potential ban or the reliability of media reports.
Top gainers
Today’s top gainers on the ASX include Great Boulder Resources Ltd (ASX:GBR) (+14.00%), Cirralto Ltd (ASX:CRO) (+15.62%), High Peak Royalties Ltd (ASX:HPR) (+12.28%), Auteco Minerals Ltd (ASX:AUT) (+13.04%), Strategic Elements Ltd (ASX:SOR) (+18.18%), Auroch Minerals Ltd (ASX:AOU) (+24.14%) and Latin Resources Ltd (ASX:LRS) (+13.33%).
Proactive news headlines:
Australian Strategic Materials completes acquisition of 95% stake in JV partner Ziron Tech
Australian Strategic Materials (ASX:ASM) has completed the acquisition of a 95% stake of its Korean-based joint venture partner Ziron Technology Corporation.
Chase Mining makes strategic investment in North Queensland advanced explorer
Chase Mining Corporation Ltd (ASX:CML) has made a strategic investment of $600,000 to become a 40% shareholder in private Queensland-focused advanced exploration company Red Fox Resources Pty Limited.
Alto Metals kicks-off drilling to test Lords Corridor as part of 30,000-metre Sandstone Gold Project program
Alto Metals Ltd (ASX:AME) has started a 5,000-metre reverse circulation (RC) drilling program focusing on the Lord’s Corridor as part of an overall 30,000-metre program at Sandstone Gold Project in Western Australia, the largest single drill program the company has undertaken.
CardieX set for revenue growth with partner agreements targeting consumer health and wearable health technology sectors
Cardiex Ltd (ASX:CDX) achieved two commercial milestones in the September quarter on signing partnership agreements with Andon Health Co Ltd (SHE:002432) one of China’s largest manufacturers of home-use medical electronic devices, and Mobvoi, one of China’s most innovative AI, wearable and tech companies and a global leader in smartwatches.
Moho Resources expands diamond drilling at East Sampson Dam after observing encouraging gold alteration
Moho Resources Ltd (ASX:MOH) has expanded the diamond drilling program at East Sampson Dam Gold Prospect within the Silver Swan North Project in Western Australia’s Goldfields, after initial encouraging observations by its technical team.
Carnavale Resources sets stage for strong newsflow from new gold strategy
Carnavale Resources Ltd (ASX:CAV) (FRA:YBB) has set the stage for strong upcoming newsflow from recent acquisitions as a new strategy focused on gold adds a new dimension to the company’s existing nickel strategy.
Telix Pharmaceuticals shares jump after signing partnership deal for Greater China market
Telix Pharmaceuticals Ltd (ASX:TLX) (OTCMKTS:TLPPF) has entered into a strategic commercial partnership with China Grand Pharmaceutical and Healthcare Holdings Limited (CGP) (HKG:0512) for Telix’s portfolio of molecularly-targeted radiation (MTR) products.