Latest news with #profit taking
News.com.au
3 days ago
- Business
- News.com.au
Top 10 at 11: ASX slides as investors jump on profit taking … but the birthplace of BHP is back on the ASX
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.
Bloomberg
5 days ago
- Business
- Bloomberg
Cocoa Trims Weekly Loss as Traders Assess Demand Outlook
Cocoa futures rebounded from an eight-month low amid profit taking and as traders assessed the variations in weak grindings data across key consuming regions. The most-active contract in New York rose as much as 5.8% to $7,735 a ton, helping pare the weekly drop to about 7%. Futures have been under pressure this week as the market mulls the extent of demand destruction following historically high cocoa prices.
