{"id":4380,"date":"2024-01-15T05:04:23","date_gmt":"2024-01-15T05:04:23","guid":{"rendered":"https:\/\/economicherald.net\/?p=4380"},"modified":"2024-01-15T05:04:23","modified_gmt":"2024-01-15T05:04:23","slug":"asx-large-caps-deep-yellow-jumps-11pc-on-potential-uranium-shortage-santos-up-4pc-as-barossa-gets-go-ahead","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=4380","title":{"rendered":"ASX Large Caps: Deep Yellow jumps 11pc on potential uranium shortage; Santos up 4pc as Barossa gets go-ahead"},"content":{"rendered":"

Deep Yellow up 11pc on uranium supply issues after Kazatomprom announcement
\nSantos came out of trading halt and surged after court decision on Barossa
\nChina held rates steady, contrary to market expectations<\/p>\n

\u00a0<\/p>\n

The ASX pared earlier gains, finishing the day flat.<\/p>\n

Energy stocks<\/strong> lifted on the back of higher crude prices, and Santos (ASX:STO)<\/a><\/strong>\u2019s 4% surge after the company was given a court the go-ahead to lay pipes at its $5.8bn Barossa gas project off the Northern Territory coast\u00a0(see more below).<\/p>\n

The oil market was further disrupted today after Yemen\u2019s Houthi rebels reportedly fired back on an American destroyer in the Red Sea.<\/p>\n

Retail stocks were mainly up after Super Retail Group (ASX:SUL)<\/a><\/strong> reported record sales for the half (see more below).<\/p>\n

Among the decliners were lithium stocks, with IGO (ASX:IGO)<\/a><\/strong>, Mineral Resources (ASX:MIN)<\/a><\/strong>\u00a0 down -3-4%.<\/p>\n

Across the region, Asian stocks mainly rose as traders\u00a0boosted bets on Fed Reserve interest-rate cuts this year.<\/p>\n

\u201cRate cuts are likely still in the cards, but China looks to be taking a more measured approach to policy easing,\u201d said\u00a0Marvin Chen, an analyst at Bloomberg Intelligence<\/em>.<\/p>\n

His comments came after China\u2019s central bank held a key interest rate steady<\/strong> today, contrary to market\u2019s expectations that it slash the rate.<\/p>\n

\u00a0<\/p>\n

BIG CAP WINNERS<\/h2>\n

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

<\/div>\n
Code Name Price % Change Volume Market Cap DYL Deep Yellow Limited 1.4925 11.3806 15,996,486 $1,024,068,554 BOE Boss Energy Ltd 5.55 9.0373 6,031,356 $2,080,040,426 PDN Paladin Energy Ltd 1.295 7.4689 49,261,802 $3,594,967,517 SLX Silex Systems 5.32 7.2581 1,100,796 $1,170,292,532 SUL Super Ret Rep Ltd 16.76 6.0089 1,342,060 $3,570,316,965 PMV Premier Investments 27.9 4.4162 209,268 $4,260,738,334 ELD Elders Limited 8.3 4.2714 1,278,731 $1,252,665,423 STO Santos Ltd 7.855 4.0397 6,723,204 $24,520,685,856 MAD Mader Group Limited 7.06 3.8235 93,420 $1,360,000,000 JBH JB Hi-Fi Limited 59.88 3.4912 765,544 $6,326,064,141 SMR Stanmore Resources 4.065 3.4351 1,328,336 $3,542,469,122 ING Inghams Group 4.21 3.1863 1,795,725 $1,516,452,772 SDR Siteminder 5.49 2.4254 593,354 $1,485,074,328 ALD Ampol Limited 36.32 2.3387 354,160 $8,457,341,494 <\/div>\n

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

\u00a0<\/p>\n

Uranium producer Deep Yellow (ASX:DYL)<\/a><\/strong> was the best large cap today, up 11% after an announcement from the world\u2019s biggest uranium miner, Kazatomprom,<\/strong> a London-listed company controlled by the \u00a0Kazakhstan\u2019s government.<\/p>\n

Kazatomprom said it was experiencing issues that could persist into 2025, including shortages of sulfuric acid and construction delays at its newly developed deposits \u2013 which could add to the list of challenges facing global supply of uranium.<\/p>\n

Super Retail Group (ASX:SUL)<\/a><\/strong> was up 6% after reporting a record first half sales of $2 billion.<\/p>\n

The company\u2019s total sales (from the combined sales of Supercheap Auto, BCF, Macpac and rebel<\/em>) were 3% higher than the pcp.<\/p>\n

On the back of this revenue, first half profit before tax (PBT) is expected to be between $200 million and $203 million.<\/p>\n

Oil producer Santos (ASX:STO)<\/a><\/strong> jumped 3% after declaring that it has won a a court case launched against it by Traditional Owners<\/em> at the company\u2019s Barossa gas project<\/em> in the Timor Sea, north of Darwin.<\/p>\n

The Federal Court of Australia has dismissed the application and discharged the injunction that prevented pipelay activities south of the kilometre 86 (KP86) point along the Barossa Gas Export Pipeline.<\/p>\n

Following the decision, Santos says it will continue pipelaying activity for the Barossa Gas Project.<\/p>\n

\u00a0<\/p>\n

BIG CAP LOSERS<\/h2>\n

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

<\/div>\n
Code Name Price % Change Volume Market Cap TUA Tuas Limited 2.87 -7.72 303,983 $1,450,437,978 SNZ Summerset Grp Hldgs 10.08 -5.79 602 $2,506,810,787 LTM Arcadium Lithium PLC 8.49 -4.82 1,246,587 $4,840,101,038 IGO IGO Limited 7.68 -4.78 2,674,517 $6,103,578,573 PLS Pilbara Min Ltd 3.58 -4.28 20,218,661 $11,255,410,114 LTR Liontown Resources 1.42 -4.21 4,692,834 $3,596,647,361 PNV Polynovo Limited 1.51 -4.14 529,369 $1,083,665,419 HLS Healius 1.40 -4.11 2,042,750 $1,060,057,883 BGL Bellevue Gold Ltd 1.53 -3.92 2,284,543 $1,835,730,292 QAN Qantas Airways 5.21 -3.79 5,067,970 $9,329,299,819 AWC Alumina Limited 1.06 -2.97 9,685,013 $3,177,341,152 MIN Mineral Resources. 61.07 -2.66 669,758 $12,245,996,493 CLW Chtr H Lwr 3.57 -2.46 1,227,205 $2,646,017,006 ABB Aussie Broadband 3.63 -2.42 214,706 $1,036,585,150 A2M The A2 Milk Company 4.03 -2.18 844,203 $2,978,491,409 <\/div>\n

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

\u00a0<\/p>\n

Pilbara Minerals (ASX:PLS)<\/a><\/strong> was down over -3% despite announcing that it has expanded its offtake agreement with \u00a0Ganfeng Lithium.<\/p>\n

Under an existing agreement with Ganfeng signed in 2017, Pilbara Minerals supplies 160,000 tonnes per annum (ktpa) of spodumene concentrate from the company\u2019s 100% owned Pilgangoora Operation.<\/p>\n

The amendment results in a total allocation of up to 310ktpa of spodumene concentrate over a period of three calendar years (CY24, CY25 and CY26). The terms of the amendment are detailed below:<\/p>\n

CY24 \u2013 Pilbara Minerals will supply an additional 150kt of spodumene concentrate taking the total supply in CY24 to 310kt.
\nCY25 \u2013 Pilbara Minerals will supply an additional 100kt (with an option to increase to 150kt at Pilbara Minerals\u2019 election) of spodumene concentrate taking the total supply in CY25 to 260kt \u2013 310kt.
\nCY26 \u2013 Pilbara Minerals will supply an additional 100kt (with an option to increase to 150kt.<\/p>\n

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

The post ASX Large Caps: Deep Yellow jumps 11pc on potential uranium shortage; Santos up 4pc as Barossa gets go-ahead<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Deep Yellow up 11pc on uranium supply issues after Kazatomprom announcement Santos came out of trading halt and surged after court decision on Barossa China [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":4381,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nASX Large Caps: Deep Yellow jumps 11pc on potential uranium shortage; Santos up 4pc as Barossa gets go-ahead - 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=4380\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASX Large Caps: Deep Yellow jumps 11pc on potential uranium shortage; 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