Australia’s stock market charges top performers for 13-month highs, tech and gold stocks

The Australian stock market resumed its upward trend, and the benchmark index once again broke through the 7,000-point level, hitting a 13-month high.

The S & P / ASX 200 rose 0.66% at 7023.1 and the All Ordinaries Index rose 0.69% to 7280.6.

CommSec analyst James Tao has responded differently to US inflation, leading Wall Street stocks that have been suspended due to concerns about blood clots from Johnson & Johnson’s COVID-19 vaccine. He said he followed.

Logistics software provider Wisetech Global rose 3.28% to $ 32.41, accounting software company Xero rose 2% to $ 146.08, and Jaguar Note Afterpay to buy now and pay later rose 2.3% to $ 127.85. became.

The stake in ZipCo, a small BNLP player, stopped trading while the company was considering raising funds, and its final price fell 1.23% to $ 9.61.

Brisbane-based FinTech Propell Holdings closed at 23 cents after making its ASX debut and receiving strong support for a $ 5 million initial public offering of 20 cents per share.

Artificial intelligence company Brainchip has jumped from almost 20% to 63.5 cents after announcing the start of mass production of the Akida AKD1000 neuromorphic processor chip.

Camera iconAccording to Branchip, the chip can be used in applications such as robotics. This Nervous Look & # 8216; Dog & # 8217; Named & # 8216; Spot & # 8217; Created by Robotics Company Boston Dynamics. credit: Supply

Brainchip states that it can be used in applications such as home automation, remote control, robotics, security cameras, sensors, unmanned aerial vehicles, self-driving cars, medical equipment, and cyber security.

Gold inventories led by Resolute Mining were shining, saying that the mining lease at the Bibiani mine in Ghana had recovered on the condition that it had abandoned the planned sale of the project to the Tifenziron gold mine in China.

The lease ended last month and Resolute’s stock fell, but jumped from almost 15% to 54 cents on Wednesday.

It was revealed that miners did not seek prior government approval for the transactions required under the mining law of African countries.

“We are continuing to develop Bibiani and will consider all available options to achieve this,” said Stuart Gale, Interim CEO of Resolute.

Perseus Mining rose 6.72% to $ 1.27, Silver Lake Resources rose 5.44% to $ 1.84, and Regis Resources signed a binding deal on Tuesday to buy a 30% stake in IGO Ltd’s giant Tropicana gold. After announcing that we did, we continued to suspend trading. $ 903 million at a mine in Washington.

Regis also said it has raised $ 650 million to fund the acquisition, which will revolutionize the deal.

WA-focused explorer Iceni Gold also made its debut at ASX, ending at 29 cents after completing a $ 20 million IPO at a price of 20 cents per share.

In the healthcare space, Polynovo, the creator of bioabsorbable polymer technology, stands out, up 6.1% to $ 3.13, while biotechnology heavyweight CSL was up 1.19% to $ 267.80.

ANZ was down 1 cent to $ 28.89, Commonwealth Bank was up 0.7% to $ 87.80, National Australia Bank was down 0.26% to $ 26.72, and Westpack was down 2 cents to $ 25.33.

Rio Tinto and BHP both increased 0.7% to $ 114.33 and $ 46.01.

The Australian dollar earned US $ 76.82, 55.66 UK Pence and 64.15 Eurocents in the afternoon trading.

Australia’s stock market charges top performers for 13-month highs, tech and gold stocks

Source link Australia’s stock market charges top performers for 13-month highs, tech and gold stocks

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