{"id":4082,"date":"2024-01-09T05:38:16","date_gmt":"2024-01-09T05:38:16","guid":{"rendered":"https:\/\/economicherald.net\/?p=4082"},"modified":"2024-01-09T05:38:16","modified_gmt":"2024-01-09T05:38:16","slug":"closing-bell-the-asx-has-had-a-tuesday-win-after-buyers-returned-for-more-of-kali","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=4082","title":{"rendered":"Closing Bell: The ASX has had a Tuesday win after buyers returned for more of Kali"},"content":{"rendered":"

ASX200 is back, rising almost 1%<\/p>\n

10 of 11 ASX sectors higher<\/p>\n

Small cap winners led by Rincon and Kali<\/p>\n

\u00a0<\/p>\n

The ASX200 has come out on top for only the second time this year after a bright showing overnight on Wall Street.<\/p>\n

Local markets were in the kind of ebullient form on Tuesday which comes only from having been in a stupor for several days previous.<\/p>\n

At 4.15pm on Tuesday, the S&P\/ASX 200 was up 69 points or 0.93% to <\/strong><\/em>7,520.5<\/strong><\/em><\/p>\n

Via Google<\/p>\n

\u00a0<\/p>\n

The ASX benchmark has been bleeding out since missing out on a new record high on the first trading session of 2024, but that\u2019s all been put to bed for a day at least.<\/p>\n

In New York, Wall Street logged a strong session overnight amid an upturn in tech stocks ahead of what is really an uncertain looking Q4 earnings season.<\/p>\n

At home, retail sales lifted by 2% MoM in November, way, way beating market estimates of a 1.2% rise.<\/p>\n

According to the Australian Bureau of Stats, this read was the damndest acceleration in retail trade since November 2021, driven by a terrific response to Black Friday events last year.<\/p>\n

The response on markets was emphatic. All 11 sessions save for Energy were ahead on Tuesday in Sydney. IT, Healthcare and Consumer stocks were leading gains after November sales delivered a big win for retailers.<\/p>\n

Zip Co, Block and Xero had blockbusting sessions for local tech.<\/p>\n

All the iron ore majors rallied as commodity prices improved and optimism around China emerged.<\/p>\n

Fortescue led the trio, up almost 1.5%. Although iron ore minnow Pear Gull eclipsed them all, ahead almost 13.5%.<\/p>\n

\u00a0<\/p>\n

ASX SECTORS at 4pm on TUESDAY<\/h2>\n

Via MarketIndex<\/p>\n

In local company news, uranium, small cap lithium and goldies were all in demand.<\/p>\n

Even Core Lithium, down about 1 million per cent after mothballing its NT ops gained more than 2%.<\/p>\n

Around the region, Asian-Pacific equity markets were comparatively euphoric for 2024.<\/p>\n

In Japan, the Nikkei 225 and South Korea\u2019s Kopsi were in the green around lunchtime.<\/p>\n

Shares in Hong Kong were doing their best to get off that 14 month mat, with morning gains for healthcare, utilities, and consumers.<\/p>\n

Mainland stocks were also higher \u2013 that part of the world feeling upbeat after a PBoC official seemed to say there could be a shadow of a plan to boost lending with a bit more liquidity sloshing about.<\/p>\n

Lenovo led the gains in HK, up circa 6% before lunch.<\/p>\n

Wall Street is bracing later in the week for the release of key inflation data, which would drop some dots around the Fed\u2019s massive cash rate plot. Hell. It\u2019s a conspiracy.<\/p>\n

US stockmarket futures at 4.30pm on Tuesday in Sydney:<\/strong><\/em><\/p>\n

\u00a0<\/p>\n

Via Fox<\/em><\/p>\n

\u00a0<\/p>\n

ASX SMALL CAP LEADERS<\/h2>\n

Today\u2019s best performing small cap stocks:<\/strong><\/p>\n

Swipe or scroll to reveal full table. Click headings to sort:<\/em><\/p>\n

<\/div>\n
Code Company Price % Volume Market Cap AVW Avira Resources Ltd 0.002 33% 3,000,000 $3,200,685 FAU First Au Ltd 0.004 33% 15,971,679 $4,985,980 JAV Javelin Minerals Ltd 0.002 33% 6,366,834 $1,632,173 RCR Rincon 0.046 31% 28,634,424 $6,218,201 KLI Killiresources 0.063 26% 276,056 $2,978,753 RC1 Redcastle Resources 0.015 25% 184,908 $3,939,410 WIN Widgienickellimited 0.11 24% 737,316 $26,517,110 LBT LBT Innovations 0.011 22% 271,155 $11,337,093 KM1 Kalimetalslimited 0.53 22% 12,524,917 $33,208,811 AMD Arrow Minerals 0.0085 21% 79,971,322 $24,316,356 LV1 Live Verdure Ltd 0.46 21% 552,406 $45,294,691 OAR OAR Resources Ltd 0.003 20% 331,875 $6,609,319 RGS Regeneus Ltd 0.006 20% 559,213 $1,532,185 AS1 Asara Resources Ltd 0.013 18% 1,423,063 $8,720,040 COY Coppermoly Limited 0.013 18% 50,000 $7,657,490 PHL Propell Holdings Ltd 0.013 18% 75,300 $1,323,911 CSS Clean Seas Ltd 0.305 17% 577,435 $49,621,083 PGD Peregrine Gold 0.34 17% 74,464 $19,428,979 PIL Peppermint Inv Ltd 0.021 17% 9,415,244 $36,681,423 ADY Admiralty Resources. 0.007 17% 554,292 $7,821,475 AVE Avecho Biotech Ltd 0.0035 17% 4,988,878 $9,507,891 PFG Prime Financial 0.25 16% 537,237 $46,781,313 FIN FIN Resources Ltd 0.022 16% 173,911 $12,336,105 EXT Excite Technology 0.008 14% 320,330 $9,304,692 PXX Polarx Limited 0.008 14% 1,940,739 $11,477,317 <\/div>\n

WordPress Table Plugin<\/a><\/p>\n

\u00a0<\/p>\n

Up handsomely on Tuesday was Rincon Resources (ASX:RCR)<\/span><\/a>, which last had news for the ASX on 03 January when the company announced that drilling had confirmed wide zones of mineralisation at its Westin Prospect in WA.<\/p>\n

Meanwhile, Monday\u2019s debutante Kali Metals (ASX:KAL)<\/span><\/a> fired back into life, adding another 23% to the 78% it stacked on during its first day on the bourse.<\/p>\n

And Widgie Nickel (ASX:WIN)<\/span><\/a> enjoyed a boost of its own, after investors took their sweet time digesting an early morning announcement that of an updated JORC-compliant Mineral Resource Estimate for its Gillett nickel deposit.<\/p>\n

Widgie says there is a lot more nickel at the site and that\u2019s got investors up and out of their seats, pushing the company nearly 24% higher.<\/p>\n

\u00a0<\/p>\n

ASX SMALL CAP LAGGARDS<\/h2>\n

Today\u2019s worst performing small cap stocks:<\/strong><\/p>\n

Swipe or scroll to reveal full table. Click headings to sort:<\/em><\/p>\n

<\/div>\n
Code Company Price % Volume Market Cap NME Nex Metals Explorat 0.019 -27% 11,530 $9,165,846 NVQ Noviqtech Limited 0.003 -25% 170,000 $5,237,781 AKM Aspire Mining Ltd 0.125 -22% 662,608 $81,221,918 KNB Koonenberrygold 0.043 -22% 119,812 $6,586,200 VN8 Vonex Limited. 0.02 -20% 681,988 $9,045,716 DOU Douugh Limited 0.004 -20% 52,770 $5,410,345 SLM Solismineralsltd 0.16 -16% 656,529 $14,896,134 TLM Talisman Mining 0.245 -16% 831,089 $54,612,901 NWF Newfield Resources 0.11 -15% 50,000 $117,418,915 CR9 Corellares 0.022 -15% 21,136 $12,092,363 SNT Syntara Limited 0.017 -15% 4,476,102 $16,626,268 MAT Matsa Resources 0.03 -14% 254,339 $16,753,591 PUA Peak Minerals Ltd 0.003 -14% 751,633 $3,644,818 TMK TMK Energy Limited 0.006 -14% 37,752,948 $42,858,055 TSL Titanium Sands Ltd 0.012 -14% 1,371,978 $27,912,223 VAL Valor Resources Ltd 0.003 -14% 1,952,581 $14,606,672 NGS NGS Ltd 0.013 -13% 839,249 $3,768,411 SW1 Swift Networks Group 0.013 -13% 1,555,053 $9,698,616 TFL Tasfoods Ltd 0.026 -13% 25,151 $13,112,865 ASE Astute Metals NL 0.033 -13% 20,000 $15,599,741 WTM Waratah Minerals Ltd 0.1 -13% 562,937 $17,176,917 AVL Aust Vanadium Ltd 0.02 -13% 10,584,988 $114,277,956 E33 East 33 Limited. 0.02 -13% 10,772 $12,353,040 AD1 AD1 Holdings Limited 0.007 -13% 100,000 $7,189,187 MHC Manhattan Corp Ltd 0.0035 -13% 603,000 $11,747,919 <\/div>\n

WordPress Table Plugin<\/a><\/p>\n

\u00a0<\/p>\n

TRADING HALTS<\/h2>\n

Alumina (ASX:AWC)<\/a><\/span> \u2013 pending receipt of information in respect of an expected decision by Alcoa Corporation.<\/p>\n

NickelX (ASX:NKL)<\/a><\/span> \u2013 pending an update to the market in respect of the option agreement the company previously announced regarding the Ransko and Otov exploration projects.<\/p>\n

Galena Mining (ASX:G1A)<\/a><\/span> \u2013\u00a0 <\/span>pending an announcement regarding a strategic review of operations.<\/p>\n

Worley (ASX:WOR)<\/a><\/span> \u2013 pending a clarificatory announcement to the market.<\/p>\n

<\/h2>\n

\u00a0<\/p>\n

<\/span><\/p>\n

The post Closing Bell: The ASX has had a Tuesday win after buyers returned for more of Kali<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

ASX200 is back, rising almost 1% 10 of 11 ASX sectors higher Small cap winners led by Rincon and Kali \u00a0 The ASX200 has come [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":4083,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nClosing Bell: The ASX has had a Tuesday win after buyers returned for more of Kali - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=4082\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Closing Bell: The ASX has had a Tuesday win after buyers returned for more of Kali - 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