The ASX bounced back from yesterday\u2019s 1% loss, up today by 0.45%, led by rates sensitive sectors Tech and Real Estate.<\/p>\n
\u00a0<\/p>\n
Source: Market Index<\/strong><\/em><\/p>\n \u00a0<\/p>\n These two sectors gained traction after remarks from Fed Reserve Chair Jerome Powell overnight, who said the central bank still expects to cut rates this year.<\/p>\n However, Powell concedes that the Fed has time to assess more incoming data before doing so.<\/p>\n \u201cWe do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2 per cent,\u201d he told the Stanford University<\/em> audience overnight.<\/p>\n Goldies also rallied today, buoyed by the hot bullion price, which has touched US$2,300 an ounce, its all time high, on anticipation of rate cuts.<\/p>\n \u201cIt\u2019s remarkable that gold has not only remained resilient but has actually reached new highs. Gold has always been a global asset, and now, the largest buyers of gold are non-US central banks,\u201d gold expert Bob Haber told Forbes.<\/em><\/p>\n Copper and silver stocks also got some attention today, as the three-month copper futures price reached a 12-month high of US$8,991\/t, on strong demand and supply tightness.<\/p>\n \u00a0<\/p>\n Elsewhere in the region, Taiwan has a national holiday today and has begun a recovery effort from the devastating 7.4 earthquake that killed almost 100 people.<\/p>\n The country\u2019s biggest company, the Taiwan Semiconductor Manufacturing Co (TSMC)<\/em>, which is also the main producer of advanced chips for Apple Inc. and Nvidia Corp., said it would resume production in less than 24 hours.<\/p>\n Other stock markets in Asia were mainly in the green today, but the market anxiously awaits Friday\u2019s US jobs data that could offer new clues on the US monetary policy outlook.<\/p>\n \u00a0<\/p>\n Code Name Price % Change Volume Market Cap LTR Liontown Resources 1.22 5.87 9,690,090 $2,788,173,301 LTM Arcadium Lithium PLC 6.73 5.82 1,014,806 $2,573,393,026 ERA Energy Resources 0.06 5.45 249,887 $1,218,156,455 KAR Karoon Energy Ltd 2.29 4.82 3,392,872 $1,746,703,276 AWC Alumina Limited 1.54 4.58 18,339,237 $4,279,980,090 S32 South32 Limited 3.17 4.46 13,371,378 $13,723,653,461 LYC Lynas Rare Earths 5.87 3.71 3,086,839 $5,290,504,927 EMR Emerald Res NL 3.25 3.67 2,020,736 $1,959,015,330 RRL Regis Resources 2.01 3.62 3,561,269 $1,461,580,593 WGX Westgold Resources. 2.45 3.60 4,902,385 $1,117,749,643 DYL Deep Yellow Limited 1.44 3.60 3,374,128 $1,222,949,020 NIC Nickel Industries 0.87 3.59 6,184,158 $3,578,651,250 WEB Webjet Limited 8.72 3.44 622,476 $3,258,803,258 PNV Polynovo Limited 2.16 3.35 362,210 $1,442,586,450 DEG De Grey Mining 1.32 3.33 4,097,952 $2,360,363,544 AD8 Audinate Group Ltd 21.13 3.30 107,006 $1,699,575,696 IGO IGO Limited 7.34 3.09 3,406,243 $5,391,746,829 BOE Boss Energy Ltd 5.09 3.04 2,628,884 $2,018,742,574 <\/p>\n WordPress Table Plugin<\/a><\/p>\n \u00a0<\/p>\n Cochlear (ASX:COH)<\/a> <\/strong>gained 1% after the competition watchdog, the ACCC, said it will not oppose Cochlear\u2019s proposed acquisition of the cochlear implants business of Oticon Medical A\/S from its parent company, Demant A\/S.<\/p>\n Initially in 2022, when the acquisition was first proposed, the ACCC had significant competition concerns.<\/p>\n \u201cThe transaction has now been changed to remove the bone conduction solutions business, which addresses the significant concerns the ACCC had in relation to bone conduction solutions,\u201d ACCC Commissioner Stephen Ridgeway said today.<\/p>\n \u00a0<\/p>\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 Code Name Price % Change Volume Market Cap CYQ Cycliq Group Ltd 0.006 100.00 35,880,481 1,072,550 RLG Roolife Group Ltd 0.009 50.00 3,288,626 4,694,290 PEC Perpetual Res Ltd 0.015 50.00 12,705,850 6,400,294 LSR Lodestar Minerals 0.002 33.33 19,675 3,035,096 MTL Mantle Minerals Ltd 0.002 33.33 1,275,295 9,296,169 SI6 SI6 Metals Limited 0.004 33.33 1,000,000 7,106,578 ABX ABX Group Limited 0.070 25.00 750,687 14,002,258 BB1 Blinklab Limited 0.250 25.00 3,090,049 11,417,227 TOR Torque Met 0.150 25.00 4,609,764 21,827,961 VML Vital Metals Limited 0.005 25.00 28,036,824 23,580,268 JAL Jameson Resources 0.027 22.73 317,547 9,586,133 FGR First Graphene Ltd 0.068 21.43 3,537,391 36,918,096 FXG Felix Gold Limited 0.052 20.93 445,669 8,910,250 KGD Kula Gold Limited 0.009 20.00 5,965,909 3,648,464 EEL Enrg Elements Ltd 0.006 20.00 2,055,564 5,049,825 BAS Bass Oil Ltd 0.085 19.72 1,510,561 19,056,005 ASE Astute Metals NL 0.031 19.23 180,307 10,673,507 SHN Sunshine Metals Ltd 0.019 18.75 33,754,193 24,480,169 AKN Auking Mining Ltd 0.026 18.18 1,913,646 5,177,782 AZY Antipa Minerals Ltd 0.013 18.18 3,912,696 45,482,887 WSR Westar Resources 0.013 18.18 5,685,118 2,038,933 DTM Dart Mining NL 0.046 17.95 5,583,908 8,875,606 BRX Belararoxlimited 0.300 17.65 1,958,180 21,734,129 MQR Marquee Resource Ltd 0.020 17.65 1,175,279 7,027,534 ZMI Zinc of Ireland NL 0.020 17.65 603,940 3,623,453 <\/p>\n WordPress Table Plugin<\/a><\/p>\n \u00a0<\/p>\n Cycliq (ASX:CYQ)<\/a> announced new product news that has investors excited about the future of riding bikes. It\u2019s called the Fly-6 Pro, and it\u2019s a headlight\/4K Camera combo unit that has a list of features that far outstrips anything I thought would ever be needed on a bicycle headlight\u2026 but, it\u2019s 2024, and if your gadget can connect to the internet and broadcast you riding full-tilt into a car door in the middle of the CBD, then it\u2019s probably going to fly off the shelves.<\/p>\n RooLife Group (ASX:RLG)<\/a> announced a proposed placement to China-based e-commerce and supply chain business, Fujian Jushi Supply Chain Management Co., at a proposed placement price of $0.0085 per fully paid ordinary share.<\/p>\n Blinklab (ASX:BB1)<\/a> \u2013 \u201ca company focused on developing new smartphone-based AI-powered mental healthcare solutions\u201d \u2013 made its market debut at midday toda. The stock closed the day at 25.5c, up 27.5% on the listing price of 20c.<\/p>\n Kula Gold (ASX:KGD)<\/a> has reported results of a recent rock chipping and mapping programme in the vicinity of the historical Camilleri\/Donnybrook Mine with an assay result of up to 11.19g\/t gold, which is pretty juicy.<\/p>\n Westar Resources (ASX:WSR)<\/a> announced it has commenced a detailed review of historic gold exploration activities as a first step in unlocking the gold potential at the Mindoolah Mining Centre, which is part of the Company\u2019s Mindoolah project in Western Australia\u2019s Murchison Region.<\/p>\n Hillgrove Resources (ASX:HGO)<\/a><\/strong> has completed the second copper production campaign from the Kanmantoo underground copper mine. The copper production has ramped up from 239 tonnes in February to 589 tonnes in March. The next two-week milling campaign is underway, with copper sales planned next week. The. copper price has risen above US$4\/lb for the first time since April 2023.\u00a0<\/span><\/p>\n Geopacific Resources (ASX:GPR)<\/a><\/strong> says detailed exploration assessment has identified known mineralisation and priority drill targets, with strong potential to increase the existing 1.56Moz Woodlark Resource. These new target areas are all close to the current Resources, and the known mineralisation in each remains open and largely untested.<\/p>\n Pioneer Lithium (ASX:PLN)<\/a><\/strong> announced that it has applied for 37 tenements for a total of 73,061ha in Bahia state in Brazil, prospective for Rare Earths. The newly defined \u2018Verde Valor\u2019 Project will complement Pioneer Lithium\u2019s other critical minerals projects. The company considers the Verde Valor Project a valuable addition to its lithium tenements in Ontario, Canada.<\/p>\n Lithium stock Winsome Resources (ASX:WR1) <\/a>revealed it\u2019s entered into a binding agreement with Canadian company Stornoway Diamonds. And that comes amid securing an exclusive option to acquire the assets comprising the Renard diamond mine, processing facility and associated infrastructure \u2013 that is, all of the issued capital in Stornoway. Renard is situated just about 60km south (in a straight line) from Winsome\u2019s 59 million tonne Adina lithium resource.<\/p>\n Auking Mining (ASX:AKN) <\/a>had an update on its Saudi interests today, revealing it, and BSMC (a\u00a0 subsidiary of the Segia Gulf Group) have been invited to participate in the fifth Licensing Round for certain prospective exploration projects by the Saudi Arabian government.<\/p>\n Marquee Resources (ASX:MQR)<\/a> is picking up rocks containing up to 3% lithium at the West Spargoville project, a JV with miner Mineral Resources (ASX:MIN)<\/a>.<\/p>\n In mid end of town, Imugene (ASX:IMU)<\/a><\/strong> has received a Notice of Grant from the Chinese Patent Office, following earlier grants in Japan and South Korea. The granted claims protect its oncolytic virotherapy CF33, including VAXINIA and CHECKvacc. CF33 is a chimeric vaccinia poxvirus from the lab of inventor Professor Yuman Fong at City of Hope,\u00a0 <\/span>a noted expert in the oncolytic virus field.<\/p>\n \u00a0<\/p>\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 Code Name Price % Change Volume Market Cap AXP AXP Energy Ltd 0.001 -50.00 30,612 $11,649,361 EDE Eden Inv Ltd 0.001 -50.00 228,125 $7,356,542 CT1 Constellation Tech 0.001 -33.33 80,000 $2,212,101 UBN Urbanise.Com Ltd 0.22 -32.31 13,333 $20,858,666 1MC Morella Corporation 0.003 -25.00 496,355 $24,715,198 BNL Blue Star Helium Ltd 0.006 -25.00 1,604,282 $15,538,122 LPD Lepidico Ltd 0.003 -25.00 32,083,879 $30,553,232 MRQ Mrg Metals Limited 0.0015 -25.00 9,150,000 $5,050,237 SIX Sprintex Ltd 0.013 -23.53 182,970 $7,995,291 M2R Miramar 0.014 -22.22 2,129,581 $2,679,652 PLG Pearlgullironlimited 0.023 -20.69 713,260 $5,931,712 NNG Nexion Group 0.012 -20.00 1,672,703 $3,034,618 MCL Mighty Craft Ltd 0.02 -20.00 1,099,015 $9,128,304 AVE Avecho Biotech Ltd 0.004 -20.00 891,699 $15,846,485 ECT Env Clean Tech Ltd. 0.004 -20.00 481,825 $14,321,552 GMN Gold Mountain Ltd 0.004 -20.00 7,385,650 $14,877,528 ROG Red Sky Energy. 0.004 -20.00 76,760,751 $27,111,136 EXT Excite Technology 0.01 -16.67 13,026,060 $15,950,901 ICG Inca Minerals Ltd 0.005 -16.67 48,761 $4,828,433 MHC Manhattan Corp Ltd 0.0025 -16.67 2,231,863 $8,810,939 PRX Prodigy Gold NL 0.0025 -16.67 962,455 $5,822,823 SER Strategic Energy 0.01 -16.67 1,443,801 $5,829,782 CMX Chemxmaterials 0.042 -16.00 99,628 $4,667,159 OXT Orexploretechnologie 0.021 -16.00 164,266 $4,885,391 EVZ EVZ Limited 0.135 -15.63 515,145 $19,374,707 <\/p>\n WordPress Table Plugin<\/a><\/p>\n \u00a0<\/p>\n Anson Resources (ASX:ASN)<\/a> drilling confirms that the clastic zones at its Green River project are geologically similar<\/a> to those at its flagship Paradox lithium project.<\/p>\n Environmental Clean Technologies (ASX:ECT)<\/a> has signed an MoU with ESG Agriculture relating to the offtake of blended COLDry feedstock suitable for a granulated soil health product.<\/p>\n Haranga Resources (ASX:HAR)<\/a> metallurgical testwork has successfully extracted >96% of the U3O8 content using sulphuric acid. This comes ahead of a upgrade to the current resource of 12.4Mt @ 587ppm eU3O8.<\/p>\n Kula Gold\u2019s (ASX:KGD)<\/a> rock chip sampling and mapping work has returned up to 11.19g\/t gold, highlighting the gold prospectivity of its Brunswick project in WA<\/p>\n Miramar Resources (ASX:M2R)<\/a> has received firm commitments for a $1.7m placement<\/a> to progress exploration work aimed at proving up critical minerals and gold deposits at its Bangemall and Gidji projects.<\/p>\n New Age Exploration (ASX:NAE)<\/a> is acquiring the Wagyu gold project\u00a0<\/a>that is just 9km down the road from De Grey Mining\u2019s (ASX:DEG)<\/a>\u00a010.5Moz Hemi intrusive-hosted gold deposit. Identified targets will be further refined using geophysical and geochemical exploration to set the stage for a proposed drill program.<\/p>\n Ora Banda Mining (ASX:OBM)<\/a> continues to progress development of its Riverina underground mine<\/a> in WA\u2019s Goldfields region with a further 1,711m of stoping work completed in the March quarter.<\/p>\n Pure Hydrogen (ASX:PH2)<\/a> has sold its 30% stake in the Serowe CBM project<\/a> in Botswana to operator Botala Energy (ASX:BTE)<\/a> for $750,000 in cash and 14.5 million BTE shares to focus on its hydrogen business.<\/p>\n QEM\u2019s (ASX:QEM)<\/a> collaboration with the University of Queensland has successfully extracted extremely high purity vanadium pentoxide (99.93%) from industrial waste, confirming the viability of recycling spent catalyst to produce V2O5 suitable for producing the electrolyte used in vanadium flow batteries.<\/p>\n Torque Metals (ASX:TOR)<\/a> has started a 6,500m reverse circulation and diamond drilling program<\/a> at its Paris gold project in WA\u2019s Goldfields region to bring further clarity to the rich potential of the site which contains a strike zone of 2.5km by 1km just 12 km southeast of the St Ives gold mine.<\/p>\n \u00a0<\/p>\n Toro Energy (ASX:TOE)<\/a> \u2013 pending the release of an announcement by the Company regarding a potential demerger.<\/p>\n Tennant Minerals (ASX:TMS)<\/a> \u2013 pending the release of an announcement in relation to a capital raising.<\/p>\n Elixir Energy (ASX:EXR)<\/a> \u2013 ending an announcement by the Company with respect to a development at Daydream-2.<\/p>\n AnteoTech (ASX:ADO)<\/a> \u2013 pending an announcement by the Company concerning a capital raising.<\/p>\n Enova Mining (ASX:ENV)<\/a> \u2013 pending an announcement by Enova Mining in relation to a capital raising.<\/p>\n \u00a0<\/p>\n At Stockhead, we tell it like it is. While Anson Resources, Environmental Clean Technologies, Haranga Resources, Kula Gold, Miramar Resources, New Age Exploration, Ora Banda Mining, Pure Hydrogen, QEM and Torque Metals are Stockhead advertisers, they did not sponsor this article.<\/p>\n <\/span><\/p>\n The post Closing Bell: ASX resumes rally on Powell\u2019s remarks; goldies in focus, copper hits 12-month high<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Not the ASX<\/h2>\n
Winners in the large cap space today<\/h2>\n
ASX SMALL CAP LEADERS<\/h2>\n
<\/h2>\n
ASX SMALL CAP LAGGARDS<\/h2>\n
IN CASE YOU MISSED IT \u2013 PM Edition<\/h2>\n
TRADING HALTS<\/h2>\n