Latest news with #ASX200Banks
Herald Sun
2 days ago
- Business
- Herald Sun
ASX slides in broad profit taking, down 0.74pc
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am in the east, once trading kicks off in earnest. In brief, this is what the market has been up to this morning. Profit taking pushes ASX lower After hitting two new fresh closing highs last week, it's no surprise the ASX has slipped back into profit taking patterns, falling sharply in the first hour of trade. The ASX200 is down 0.74% as of about 10.30am AEST, with all 11 sectors flashing red. Our top 7 banks and broader gold stocks are taking the brunt of it at the moment, with the ASX 200 Banks index down 1.34% and the All Ords Gold shedding 0.93%. The All Tech (-0.16%) and ASX 200 Resources (-0.39%) are in better shape than most, offering a hint of where some supporting strength might come from later in the day. In the meantime, let's check out which ASX small caps are finding their feet despite the general market hangover. WINNERS Code Name Last % Change Volume Market Cap AIV Activex Limited 0.018 157% 2195344 $1,508,518 BHM Brokenhillminesltd 0.49 133% 3624581 $22,594,508 RBR RBR Group Ltd 0.002 100% 500000 $3,120,285 AUH Austchina Holdings 0.002 33% 250000 $4,538,075 BLZ Blaze Minerals Ltd 0.004 33% 2377454 $5,335,392 CT1 Constellation Tech 0.002 33% 33333 $2,212,101 PGD Peregrine Gold 0.245 32% 650741 $15,696,832 CRS Caprice Resources 0.061 27% 14824090 $32,016,302 AOK Australian Oil. 0.0025 25% 21000 $2,075,566 CTN Catalina Resources 0.005 25% 110000 $9,704,076 In the news... Broken Hill Mines (ASX:BHM) has officially listed the ASX, simultaneously kicking off a 4000m drilling program at the Pinnacles Mine with another 3000m of results awaiting assay at the lab. BHM is looking to expand the Pinnacles resource, which currently sits at 6Mt at 10.9% zinc equivalent. It owns the operating Rasp mine, located around the site of the Broken Hill discovery on which the world's biggest miner BHP was founded. Blaze Minerals (ASX:BLZ) is poised to begin drilling at the Loulombo base metals project in the Republic of Congo, after finalising the project's acquisition from Congo Shining SARL. BLZ is particularly interested in the Mimpala target, a 1.5km by 500m zone with artisanal workings over 800m of that strike. The target area has produced rock chip results of up to 60.5% lead, 13.2% vanadium, 2.3% copper and 6.3% zinc. Mark Creasy-backed Peregrine Gold (ASX:PGD) has unearthed a large-scale channel iron deposit at the Newman gold project, over a continuous strike of 6.4km. Initial results have averaged about 57% iron, peaking at 61%. It's the first time iron has been identified in the area, having never been reported by past explorers or the GSWA. ActivEX (ASX:AIV) has drummed up a 310,000-ounce gold resource at the Mt Hogan historical gold mine, the first JORC estimate for the mine, which sits within the Gilberton JV gold project with Gilberton Gold Pty Ltd. Management is also keen to investigate two other historical gold mining centres at the Josephine and Comstock prospects, which have had little modern exploration. RBR Group (ASX:RBR) is working to capitalise on a revival of liquid natural gas developments in Mozambique, spearheaded by TotalEnergies and ExxonMobil megaprojects. The company offers a range of services including training, labour hire, and camp construction and management, all necessary components of project development and management. LAGGARDS Code Name Last % Change Volume Market Cap EEL Enrg Elements Ltd 0.001 -33% 1 $4,880,668 GGE Grand Gulf Energy 0.002 -33% 2673646 $8,461,275 GTR Gti Energy Ltd 0.003 -25% 3438837 $14,835,762 SHP South Harz Potash 0.003 -25% 800000 $5,132,248 MEM Memphasys Ltd 0.004 -20% 181616 $9,917,991 ROG Red Sky Energy. 0.004 -20% 561454 $27,111,136 TMX Terrain Minerals 0.002 -20% 497500 $6,329,536 AUK Aumake Limited 0.0025 -17% 2055000 $9,070,076 SLZ Sultan Resources Ltd 0.005 -17% 28000 $1,388,819 DUN Dundasminerals 0.016 -16% 119855 $2,037,149 At Stockhead, we tell it like it is. While Broken Hill Mines and Peregrine Gold are Stockhead advertisers, they did not sponsor this article. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Top 10 at 11: ASX slides as investors jump on profit taking … but the birthplace of BHP is back on the ASX
News.com.au
30-04-2025
- Business
- News.com.au
Closing Bell: Aussie dollar climbs and ASX pares back gains on inflation data
ASX pares back early gains to settle up 0.69pc Inflation marginally exceeds forecast (0.9pc vs 0.8pc) Australian dollar climbs to around US$0.6395 The ASX had a bit of a wobble after today's inflation data came in marginally higher than expected, tipping up 0.9% instead of 0.8% for a steady annual rate of 2.4%. More importantly, trimmed core inflation – the Reserve Bank's preferred inflation metric – nudged under the RBA's 2-3% target for the first time in three years, settling at 2.9%. The numbers have convinced markets a 25-basis-point interest rate reduction is all but guaranteed for the RBA's May meeting, with predictions of another four cuts on the cards throughout the rest of the year. While the RBA has been hawkish on rate cuts since Michele Bullock took the helm, deflationary pressures from the ongoing international trade war are no doubt on their minds. "We view an RBA rate cut of 25bp in May as a near certainty, given the downside risks to global and domestic growth stemming from global trade policy uncertainty and the inflation outcomes over the past two quarters," ANZ senior economist Adelaide Timbrell wrote in a note. Turning back to the market, the ASX has lifted 0.69% during today's trading, supported by strength in the Info Tech, Real Estate, Discretionary and Health Care sectors. The ASX 200 Banks index also rose 1.37%, alongside a 1.22% uptick by the All Technology. Commonwealth Bank (ASX:CBA) gained 2.22%, standing out from more modest gains by other major banks. They were joined by Suncorp (ASX:SUN), up 2.27% and Insurance Australia (ASX:IAG), up 1.36%. Over in the tech sector, Life360 (ASX:360) gained 2.67% and Megaport (ASX:MP1) 3.44%. Big caps WiseTech (ASX:WTC), Xero (ASX:XRO), Technology One (ASX:TNE) and NextDC (ASX:NXT) all lifted between 1.05% and 2.45%. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Description Last % Volume MktCap MOM Moab Minerals Ltd 0.0015 50% 245980 $1,733,666 JLL Jindalee Lithium Ltd 0.58 41% 696836 $30,172,658 SKK Stakk Limited 0.007 40% 305663 $10,375,398 ERA Energy Resources 0.002 33% 4901144 $608,094,361 WOA Wide Open Agricultur 0.0355 31% 34887241 $14,409,538 ALM Alma Metals Ltd 0.005 25% 4005600 $6,345,381 CYQ Cycliq Group Ltd 0.0025 25% 249999 $921,033 ERL Empire Resources 0.005 25% 500000 $5,935,653 OVT Ovanti Limited 0.005 25% 4147687 $10,806,191 WHK Whitehawk Limited 0.016 23% 7400433 $9,354,933 OSX Osteopore Limited 0.018 20% 4460326 $2,283,284 BMR Ballymore Resources 0.12 20% 182966 $17,673,059 1AI Algorae Pharma 0.006 20% 1455146 $8,436,974 AZL Arizona Lithium Ltd 0.006 20% 5190549 $22,809,073 LMG Latrobe Magnesium 0.012 20% 10632106 $25,485,374 PV1 Provaris Energy Ltd 0.012 20% 758334 $6,980,013 SMM Somerset Minerals 0.012 20% 6678247 $3,271,122 TMX Terrain Minerals 0.003 20% 1000000 $5,008,892 REM Remsensetechnologies 0.062 19% 1383821 $8,696,167 SVG Savannah Goldfields 0.025 19% 1120359 $18,263,918 NUC Nuchev Limited 0.19 19% 7784 $23,414,288 ECS ECS Botanics Holding 0.013 18% 3350172 $14,256,545 NMT Neometals Ltd 0.075 17% 1936292 $49,243,205 AKN Auking Mining Ltd 0.007 17% 500000 $3,448,673 CRR Critical Resources 0.0035 17% 2019002 $7,842,664 Making news… Wide Open Agriculture (ASX:WOA) has signed a deal with Univar Solutions China, naming it the exclusive distributor of its lupin protein products across mainland China. Univar's no small player, it's the second-biggest ingredient distributor in the world, pulling in over $11 billion in sales last year. Under the deal, Univar has agreed to buy at least 50 tonnes of lupin protein over 12 months (after a 6-month prep phase), with pricing to be sorted between the two. Arizona Lithium (ASX:AZL) is powering ahead with its Prairie Project in Canada, locking in approvals to kick off brine production and raising $1.3 million to fund its first facility. It's also reworking plans at Big Sandy alongside key shareholder NTEC. With DLE tech in hand and the lithium market tipped to bounce back, AZL reckons it's in prime position to make a splash. Strong exploration potential and the formal acquisition of the Coppermine project have delighted Somerset Minerals (ASX:SMM) investors. The company has drummed up 15 anomalous copper zones on the project tenure, with at least five coinciding with other indicators of mineralisation, including positive historical drilling, surface exploration and geophysical results. A cash flow positive quarter achieving net cash of $420k and customer cash receipts of $1.403m boosted RemSense Technologies (ASX:REM) shares after the company released its quarterly report. Major customer Woodside Energy also renewed its virtualplant subscription during the quarter, alongside Newmont Mining. REM says it's discussing a global rollout across all Newmont Mining operations with the major gold production company. ASX SMALL CAP LAGGARDS Today's worse performing small cap stocks: Code Name Price % Change Volume Market Cap ICU Investor Centre Ltd 0.001 -50% 103990 $609,023 IVT Inventis Limited 0.01 -38% 51005 $1,222,790 EEL Enrg Elements Ltd 0.001 -33% 6454216 $4,880,668 WEL Winchester Energy 0.001 -33% 100000 $2,044,528 3DP Pointerra Limited 0.06 -28% 9513299 $66,821,374 NC6 Nanollose Limited 0.034 -28% 2056610 $10,950,168 1TT Thrive Tribe Tech 0.0015 -25% 3112589 $4,063,446 88E 88 Energy Ltd 0.0015 -25% 1976288 $57,867,624 CT1 Constellation Tech 0.0015 -25% 1000000 $2,949,467 GMN Gold Mountain Ltd 0.0015 -25% 433530 $9,591,960 M2R Miramar 0.003 -25% 7372978 $3,987,293 RFA Rare Foods Australia 0.006 -25% 362307 $2,175,866 TFL Tasfoods Ltd 0.003 -25% 60261 $1,748,382 MAP Microbalifesciences 0.17 -24% 763535 $100,766,695 GSM Golden State Mining 0.007 -22% 426513 $2,514,336 TMS Tennant Minerals Ltd 0.007 -22% 3058097 $8,603,014 ODE Odessa Minerals Ltd 0.0055 -21% 1838502 $11,196,728 VAR Variscan Mines Ltd 0.0055 -21% 3877994 $5,480,004 ASR Asra Minerals Ltd 0.002 -20% 7556077 $6,765,117 BLZ Blaze Minerals Ltd 0.002 -20% 700000 $3,917,370 C7A Clara Resources 0.004 -20% 6962 $2,558,021 HLX Helix Resources 0.002 -20% 160999 $8,410,484 MGU Magnum Mining & Exp 0.004 -20% 139999 $4,046,807 MMR Mec Resources 0.004 -20% 2558333 $9,248,829 PHL Propell Holdings Ltd 0.008 -20% 125431 $2,783,381 IN CASE YOU MISSED IT Hot Chili (ASX:HCH) has taken a step toward obtaining priority status for both its Costa Fuego copper-gold project and Huasco water project in Chile, after securing registration with the Office for Sustainable Project Management of the Chilean Ministry of Economy. Both projects fulfilled key requirements to be considered in the government's list of strategic investment projects to be expedited through a streamlined approval process. In an effort to focus resources on the flagship Yarramba uranium project, Koba Resources (ASX:KOB) has entered into agreements to offload 100% of its interest in the Harrier uranium project in Newfoundland and Labrador to Azincourt Energy Corp in return for C$50,000 and 30m Azincourt shares. Silver Mines (ASX:SVL) submitted an application with the Department of Planning, Housing and Infrastructure to determine whether a transmission line to power the Bowdens Silver project forms part of a single proposed development in an ongoing effort to reinstate development consent for the project. The development application itself remains alive, with the final decision to be made by the consent authority, the NSW Independent Planning Commission. Refurbishment of the Casposo toll milling track is on schedule, supporting a binding agreement between Challenger Exploration (ASX:CEL) and the plant operator to process a minimum of 450,000t of material from the Hualilan gold project over three years. CEL is looking to capitalise on current high gold prices. Trading Halts At Stockhead, we tell it like it is. While Hot Chili, Koba Resources, Silver Mines and Challenger Exploration are Stockhead advertisers, they did not sponsor this article.
