Market Wraps

Evening Wrap: ASX 200 logs solid gain as investors scout bargains in mining sector: lithium, iron ore and gold stocks best

Wed 08 Jan 25, 5:54pm (AEDT)

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Share article

The S&P/ASX 200 closed 64.0 points higher, up 0.77%.

Resources stocks rebounded today, leading the S&P/ASX 200 to its fifth consecutive gain. That's 5 out of 5 for 2025 (a very nice ring to it! 💪)

Firmer gold prices overnight helped, but for the most part iron ore, lithium, and base metals prices are lower over the last 24-hours. Interestingly, stocks in these sectors were some of the strongest today.

Perhaps it's a case of the Resources sector being oversold...of investors bargain hunting...or it's a continuation of the rotational buying exhibited by the big fund managers of late.

Either way – it's a win – and weary ASX resources investors will happily take it! 🥳

Click/scroll through for the usual reporting of the major sector and stock-specific moves, the broker responses to them, as well as all the key upcoming economic data in tonight's Evening Wrap.

Also, I have detailed technical analysis on Uranium and Iron Ore in today's ChartWatch.

Let's dive in!


Today in Review

Wed 08 Jan 25, 5:22pm (AEDT)

Name Value % Chg
Major Indices
ASX 200 8,349.1 +0.77%
All Ords 8,599.4 +0.66%
Small Ords 3,141.5 +0.10%
All Tech 3,875.9 -0.92%
Emerging Companies 2,316.9 -0.53%
Currency
AUD/USD 0.6235 +0.08%
US Futures
S&P 500 5,970.75 +0.28%
Dow Jones 42,898.0 +0.22%
Nasdaq 21,427.75 +0.32%
Name Value % Chg
Sector
Materials 16,212.0 +1.61%
Financials 8,910.8 +1.27%
Consumer Staples 11,830.6 +0.81%
Consumer Discretionary 4,001.6 +0.73%
Health Care 46,063.7 +0.69%
Utilities 9,041.1 +0.46%
Industrials 7,803.0 -0.16%
Energy 8,907.8 -0.45%
Communication Services 1,657.0 -0.50%
Real Estate 3,874.3 -0.51%
Information Technology 2,793.9 -0.82%

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Markets

XJO Intraday Chart 8 January 2025
ASX 200 Session Chart

The S&P/ASX 200 (XJO) finished 64.0 points higher at 8,349.1, 1.05% from its session low and just 0.26% from its high. Interestingly (and disturbingly) despite the strong headline gain in the benchmark, in the broader-based S&P/ASX 300 (XKO), advancers beat decliners by a scant 146 to 137.

The Gold (XGD) (+2.3%) sub-index was the best performing sector today, likely in response to modestly firmer gold prices overnight. Also doing well today was the Materials (XMJ) (+1.6%) which was helped by rebounding Resources (XJR) (+1.3%) stocks.

Financials (XFJ) (+1.3%) also continued to flex their 2024-gain bolstered muscles, as the longer end of the yield curve continues to steepen. Banks borrow from us short term, paying us lower short term rates and lend long term, earning higher long term rates. They love a steepening yield curve, as do insurers who invest the premiums they collect from us in risk-free long-term bonds. 💰💰💰

S&P-ASX 200 Financials Sector Index Chart 8 January 2025
S&P/ASX 200 Financials Sector Index chart (click here for full size image)

Whilst the usual sector rotation dance continued today (recent best were the worst, like Information Technology (XIJ) (-0.82%) and Communication Services (XTJ) (-0.50%) compared to Resources’ win) – Financials have been consistent winners so far this year.

Given this sector contributed 9.6% of the XJO's 11.1% gain in 2024 – its continued success will be critical for the broader success of the Australian stock market in 2025 (or lack thereof!).

The rest of the major ASX sectors were middling, but I note a minor pullback in Energy (XEJ) (-0.45%) today. It’s just broken a 10-day winning streak, largely achieved as a result of firmer natural gas and crude oil prices over the holiday season.

As the worst major ASX sector of 2024, it’s definitely one to keep an eye on – is recent strength the beginning of a better performance in 2025 or is today’s decline a reversion to the long-term downtrend?

S&P-ASX 200 Energy Sector Index chart 8 January 2025
S&P/ASX 200 Energy Sector Index chart (click here for full size image)

Company

Last Price

Change $

Change %

1mo %

1yr %

Droneshield (DRO)

$0.840

+$0.08

+10.5%

+20.9%

+121.1%

Strike Energy (STX)

$0.220

+$0.015

+7.3%

+7.3%

-54.2%

Bellevue Gold (BGL)

$1.060

+$0.07

+7.1%

-20.0%

-28.1%

Resolute Mining (RSG)

$0.415

+$0.025

+6.4%

-3.5%

-2.4%

Alpha HPA (A4N)

$0.905

+$0.05

+5.8%

-8.6%

-10.4%

The Star Entertainment Group (SGR)

$0.195

+$0.01

+5.4%

-4.9%

-64.2%

Regis Resources (RRL)

$2.73

+$0.14

+5.4%

+1.1%

+30.0%

Ora Banda Mining (OBM)

$0.660

+$0.03

+4.8%

-5.7%

+164.0%

Westgold Resources (WGX)

$2.93

+$0.13

+4.6%

-1.3%

+48.7%

Neuren Pharmaceuticals (NEU)

$12.46

+$0.55

+4.6%

-2.4%

-50.1%

Vulcan Energy Resources (VUL)

$5.67

+$0.24

+4.4%

-12.0%

+121.5%

Liontown Resources (LTR)

$0.595

+$0.025

+4.4%

-8.5%

-62.3%

Genesis Minerals (GMD)

$2.69

+$0.11

+4.3%

+2.3%

+65.5%

Champion Iron (CIA)

$5.64

+$0.22

+4.1%

-5.5%

-32.9%

West African Resources (WAF)

$1.550

+$0.06

+4.0%

-4.9%

+66.7%

Fleetpartners Group (FPR)

$2.78

+$0.1

+3.7%

-10.6%

-6.1%

Sims (SGM)

$12.43

+$0.38

+3.2%

-4.6%

-12.4%

Mineral Resources (MIN)

$35.50

+$1.08

+3.1%

+3.1%

-47.8%

Capricorn Metals (CMM)

$6.71

+$0.2

+3.1%

-3.9%

+49.4%

McMillan Shakespeare (MMS)

$15.51

+$0.44

+2.9%

+3.3%

-2.2%

Fletcher Building (FBU)

$2.57

+$0.07

+2.8%

-2.3%

-39.6%

De Grey Mining (DEG)

$1.870

+$0.05

+2.7%

-2.1%

+58.8%

Stanmore Resources (SMR)

$3.02

+$0.08

+2.7%

-7.4%

-26.3%

Cromwell Property Group (CMW)

$0.405

+$0.01

+2.5%

+5.2%

-1.2%

Insurance Australia Group (IAG)

$8.59

+$0.21

+2.5%

-0.6%

+49.9%

Today’s best performing ASX stocks

Company

Last Price

Change $

Change %

1mo %

1yr %

Avita Medical (AVH)

$3.51

-$0.84

-19.3%

-12.3%

-8.6%

Deep Yellow (DYL)

$1.260

-$0.085

-6.3%

+4.6%

+9.1%

Nuix (NXL)

$6.19

-$0.4

-6.1%

-9.5%

+200.5%

Iperionx (IPX)

$5.23

-$0.33

-5.9%

+9.2%

+276.3%

Bannerman Energy (BMN)

$3.21

-$0.17

-5.0%

+18.0%

+14.2%

Zip Co. (ZIP)

$3.12

-$0.16

-4.9%

-8.0%

+433.3%

Nexgen Energy (NXG)

$11.50

-$0.57

-4.7%

-11.3%

+14.7%

GQG Partners (GQG)

$2.07

-$0.1

-4.6%

-1.9%

+24.7%

HMC Capital (HMC)

$9.71

-$0.42

-4.1%

-21.7%

+66.8%

Paladin Energy (PDN)

$8.28

-$0.33

-3.8%

+9.7%

-18.4%

Metals Acquisition (MAC)

$16.72

-$0.58

-3.4%

-14.6%

0%

SRG Global (SRG)

$1.300

-$0.045

-3.3%

-2.6%

+91.2%

Block (SQ2)

$142.80

-$4.86

-3.3%

-6.4%

+40.2%

Centuria Industrial Reit (CIP)

$2.82

-$0.09

-3.1%

-3.1%

-11.6%

Abacus Storage King (ASK)

$1.125

-$0.035

-3.0%

-6.3%

+4.2%

Mesoblast (MSB)

$2.96

-$0.09

-3.0%

+77.2%

+903.4%

Cettire (CTT)

$1.405

-$0.04

-2.8%

+11.5%

-47.4%

Select Harvests (SHV)

$4.38

-$0.12

-2.7%

+1.9%

+53.9%

Boss Energy (BOE)

$2.72

-$0.07

-2.5%

+4.6%

-35.7%

Growthpoint Properties Australia (GOZ)

$2.38

-$0.06

-2.5%

-6.7%

+0.4%

Today’s worst performing ASX stocks

We'll continue our catch up of the key global stock index, bond, and commodities markets in this evening's ChartWatch. This time we move to commodities, namely uranium (post rally) and iron ore (sans rally!).


ChartWatch

Uranium Futures (Front month, back-adjusted) COMEX

Uranium Futures (Front month, back-adjusted) COMEX Chart 7 January 2025
I must stay the course here...📉📉 (click here for full size image)

The last time we covered uranium was in ChartWatch in the Evening Wrap on 24 December.

In that update, we were tracking the continued roll of the uranium price in line with well established short and long term downtrends. I might have even given myself a pat on the back for calling uranium so well in 2024.

As is usually the case when I pat myself on the back with respect to a particular call, within days (sometimes minutes!) the relevant price usually goes in the opposite direction.

It was certainly the case here, as on 31 December the world’s two biggest producers Kazatomprom (LSE: KAP) and Cameco (TSX: CCO; NYSE: CCJ) announced production at their Inkai joint venture project in Kazakhstan had been suspended due to a failure to receive an extension for the submission of critical permitting documentation.

69.75 to 74.90.

That’s the extent of the rally in the front-month uranium contract on COMEX.

But to be fair – it was more than enough to get ASX uranium stocks all a flutter with double digit percentage gains in some cases (perhaps some short covering-related volatility here considering lithium shorts have jumped onto the uranium ship).

You all know I don’t do fundamentals. Sure, I know about them. I write about them here and actively in my other Market Index articles. But I completely ignore them when it comes to my analysis.

You see, the market also knows this stuff – and it votes with its demand and supply. That makes the price. It also makes trends, and points of demand and points of supply. So let’s consider these…

Trends: Short term downtrend and long term downtrend. Nothing has changed since our last update.

Points of Demand: 69.75, failing this, 61.40

Points of Supply: (Static) 74.90, then 76.45-77.25, and a cluster between 82.55-88.35. (Dynamic) Short term trend ribbon, presently 74.15-75.20 and the long term trend ribbon, presently 80.50-81.15.

Note what a fantastic job the short term trend ribbon has done so far of impeding upward price action. I expect 76.45-77.25 to be the next critical level up that uranium must breach to have any chance of turning the short term trend. Above this, the long term trend ribbon will likely continue to be a decisive barrier of dynamic supply.

But! There is hope. If we can see 69.75 hold, and if we can close back above 74.90, it would demonstrate what I would consider to be a meaningful rising peaks and rising troughs pattern.

I know I bang on nearly every ChartWatch about the importance of this technical signal, but it is for very good reason. Here’s why:

Rising Troughs = Demand reinforcement – There’s more demand in this pullback than there was in the last one and or there’s less supply in this pullback than there was in the last one (i.e., greater confidence and FOMO exhibited by the demand-side and less fear of being trapped exhibited by the supply-side).

Rising Peaks = Supply removal – There’s less supply in this rally than there was in the last one and or there’s more demand in this rally than there was in the last one (i.e., less fear of being trapped exhibited by the supply-side and greater confidence and FOMO being exhibited by the demand-side).

So, until we see meaningfully rising peaks and rising troughs, I must stay the course here = 📉📉.

Iron Ore 62% (Front month, back-adjusted) SGX

Iron Ore 62pct (Front month, back-adjusted) SGX Chart 8 January 2025
Seasonal rally look like a bust 💔 (click here for full size image)

The last time we covered iron ore was in ChartWatch in the Evening Wrap on 16 December.

In that update, I finally ruled out the prospect of the end of year seasonal rally occurring, noting “There’s just not enough motivation being exhibited by the demand-side / the supply side is just too committed here…”

One of the most reliable seasonal moves in markets over the last 15 years failed to materialise. It happens!

There’s not really much to add compared to that last update. The iron ore price continues to grind sideways at best, but more likely down, given short and long term trends are 📉📉.

Candles are decidedly supply-side (i.e., black bodied and or upward pointing shadows) and the price action is falling peaks and falling troughs.

I won’t do the long-winded definitions as per rising peaks and rising troughs above – but assume there’s a clearly defined environment of supply-side control here.

94.65 is the next key point of demand. A close below it likely facilitates a move to the critical 87.25-88.05 demand zone.

Supply is at the short term trend ribbon (dynamic) presently around 100.00-100.60, and then at 102.25 and all the way up to 106.85-107.85 (static).

I see absolutely no reason to doubt the status quo here – not until I begin to see a predominance of demand-side candles (i.e., white bodied and or downward pointing shadows), a coincidence of rising peaks and rising troughs, and a close at least above 107.85.

Which means iron ore has plenty of work to do before I could turn bullish.


Economy

Today

  • 11:30 AUS CPI December y/y

    • +2.3% p.a. vs +2.2% p.a. forecast and +2.1% in November

    • The top contributors to the annual movement were Food and non-alcoholic beverages (+2.9%), Alcohol and tobacco (+6.7%), and Recreation and culture (+3.2%)

    • Partly offsetting the rise in the CPI were annual falls for Electricity (-21.5%) and Automotive fuel (-10.2%)

    • The CPI excluding volatile items and holiday travel was +2.8% p.a. in November vs +2.4% p.a. in October

    • Conclusions: Australian inflation remains stubbornly high and no doubt, will continue to be a nagging cause for concern for the RBA as they consider interest rate cuts in the first half of the year.

Thursday

  • 06:00 USA Federal Reserve FOMC meeting December minutes

  • 11:30 AUS Retail Sales November m/m (+1.0% forecast vs +0.6% in October)

  • 12:30 CHN CPI December y/y (+0.1% forecast vs +0.2% in November)

  • 12:30 CHN Producer Price Index (PPI) December y/y (-2.5% forecast vs -2.5% in November)

Saturday

  • 00:30 USA Non-Farm Employment Change December (+154,000 forecast vs +227,000 in November)

  • 00:30 USA Unemployment Rate (4.2% forecast vs 4.2% in November)

  • 00:30 USA Average Hourly Earnings December m/m (+0.3% forecast vs +0.4% in November)


Latest News


Interesting Movers

Trading higher

  • +10.5% Droneshield (DRO) - No news, likely continued positive response to Monday's$9.7 million Latin American contractN

  • +7.3% Strike Energy (STX) - No news, likely response to rising natural gas and oil prices over Christmas-New Year period

  • +7.1% Bellevue Gold (BGL) - Becoming a substantial holder

  • +6.5% Latin Resources (LRS) - No news, linked to PLS due to takeover, PLS up today as part of a generally stronger ASX lithium sector

  • +6.4% Resolute Mining (RSG) - No news, likely response to rising gold price overnight

  • +5.8% Alpha HPA (A4N) - No news

  • +5.6% Paradigm Biopharmaceuticals. (PAR) - No news, rise is consistent with prevailing short-term uptrend, long-term trend is transitioning from down to up, ran it in ChartWatch ASX Scans Uptrends list today 🔎📈

  • +5.4% The Star Entertainment Group (SGR) - No news, but looking at this list…feels like a bit of a Dogs of 2024 move today! 🐶

  • +5.4% Regis Resources (RRL) - Record Quarterly Cash and Bullion Build of $149M, ditto generally stronger ASX gold sector today, rise is consistent with prevailing long-term uptrend 🔎📈

  • +4.8% Ora Banda Mining (OBM) - No news, ditto generally strong ASX gold sector today

  • +4.7% Imugene (IMU) - No news, likely continued positive response to 3-Jan First Australian Patient Dosed in Phase 1b azer-cel Trial

  • +4.6% Westgold Resources (WGX) - No news, ditto generally strong ASX gold sector today

  • +4.6% Neuren Pharmaceuticals (NEU) - No news, another Dog of 2024 popping for no obvious reason!

  • +4.4% Vulcan Energy Resources (VUL) - No news, another lithium winner, lithium prices were up two days straight prior to today, but are trading lower intraday in China at the moment…

  • +4.4% Liontown Resources (LTR) - No news, ditto lithium winner…perhaps it was the article I wrote today!? 🤔

  • +4.3% Genesis Minerals (GMD) - No news, ditto generally strong ASX gold sector today

  • +4.1% Champion Iron (CIA) - No news, another Dog of 2024 pumping for no obvious reason! It wasn't because of the iron ore price - see ChartWatch above for iron ore technical analysis, but I note that Chinese stocks are rallying off new three-month lows set this morning...

  • +4.0% West African Resources (WAF) - Upper end of 2024 Guidance achieved 206,622oz gold produced, ditto generally strong ASX gold sector today

Trading lower

  • -19.3% Avita Medical (AVH) - AVH Updates Expected Q4 & FY24 Revenue, FY25 Guidance

  • -10.1% 4DMEDICAL (4DX) - Pullback after the pop triggered by yesterday's 4DMedical receives U.S. FDA clearance for IQ-UIP

  • -6.3% Deep Yellow (DYL) - No news, uranium prices lower again overnight - see ChartWatch above for uranium technical analysis

  • -6.1% Nuix (NXL) - No news 🤔

  • -5.9% Iperionx (IPX) - No news 🤔

  • -5.0% Bannerman Energy (BMN) - No news, ditto uranium price down again…

  • -4.9% Zip Co. (ZIP) - No news 🤔

  • -4.7% Nexgen Energy (NXG) - No news, ditto uranium price down again…

  • -4.6% GQG Partners (GQG) - FUM as at 31 December 2024

  • -4.1% HMC Capital (HMC) - No news, fall is consistent with prevailing short-term downtrend…

  • -3.8% Paladin Energy (PDN) - No news, ditto uranium price down again…


Broker Notes

  • AGL Energy (AGL)

    • Retained at overweight at Morgan Stanley; Price Target: $12.88

  • Ampol (ALD)

    • Retained at equal-weight at Morgan Stanley; Price Target: $30.00

  • ANZ Group (ANZ)

    • Retained at neutral at UBS; Price Target: $34.00

  • Eagers Automotive (APE)

    • Retained at overweight at Morgan Stanley; Price Target: $12.70

  • ARB Corporation (ARB)

    • Retained at overweight at Morgan Stanley; Price Target: $46.00

  • ASX (ASX)

    • Retained at sell at Goldman Sachs; Price Target: $59.50

    • Retained at neutral at Macquarie; Price Target: $66.00 from $64.00

  • Bendigo and Adelaide Bank (BEN)

    • Retained at seil at UBS; Price Target: $11.45

  • Bank of Queensland (BOQ)

    • Retained at seil at UBS; Price Target: $6.50

  • Beach Energy (BPT)

    • Retained at buy at Ord Minnett; Price Target: $1.85 from $1.80

  • Breville Group (BRG)

    • Retained at outperform at Macquarie; Price Target: $35.10

  • Car Group (CAR)

    • Retained at overweight at Morgan Stanley; Price Target: $42.00

  • Commonwealth Bank of Australia (CBA)

    • Retained at seil at UBS; Price Target: $115.00

  • Collins Foods (CKF)

    • Retained at neutral at Macquarie; Price Target: $8.20

  • Coles Group (COL)

    • Retained at outperform at Macquarie; Price Target: $19.50

  • Computershare (CPU)

    • Downgraded to neutral from buy at UBS; Price Target: $36.15 from $32.00

  • Domino's Pizza Enterprises (DMP)

    • Retained at underperform at Macquarie; Price Target: $29.50

    • Retained at hold at Ord Minnett; Price Target: $30.00 from $31.00

  • Endeavour Group (EDV)

    • Retained at neutral at Macquarie; Price Target: $4.50

  • Fleetpartners Group (FPR)

    • Retained at overweight at Morgan Stanley; Price Target: $3.90

  • Harvey Norman (HVN)

    • Retained at outperform at Macquarie; Price Target: $5.00

  • Insurance Australia Group (IAG)

    • Retained at equal-weight at Morgan Stanley; Price Target: $7.55

  • Insignia Financial (IFL)

    • Upgraded to equal-weight from underweight at Morgan Stanley; Price Target: $4.40 from $2.68

  • Iluka Resources (ILU)

    • Retained at buy at Goldman Sachs; Price Target: $7.70

  • Inghams Group (ING)

    • Retained at outperform at Macquarie; Price Target: $3.50

  • JB HI-FI (JBH)

    • Retained at outperform at Macquarie; Price Target: $77.00

  • Judo Capital (JDO)

    • Retained at buy at UBS; Price Target: $2.40

  • Jumbo Interactive (JIN)

    • Retained at neutral at Macquarie; Price Target: $14.40 from $14.75

  • KMD Brands (KMD)

    • Retained at neutral at Macquarie; Price Target: $0.45

  • McMillan Shakespeare (MMS)

    • Retained at overweight at Morgan Stanley; Price Target: $20.00

  • Macquarie Group (MQG)

    • Retained at neutral at UBS; Price Target: $235.00

  • Metcash (MTS)

    • Retained at neutral at Macquarie; Price Target: $3.30

  • National Australia Bank (NAB)

    • Retained at seil at UBS; Price Target: $37.50

  • Nick Scali (NCK)

    • Retained at outperform at Macquarie; Price Target: $15.60

  • Origin Energy (ORG)

    • Retained at underweight at Morgan Stanley; Price Target: $8.86

  • Premier Investments (PMV)

    • Retained at neutral at Macquarie; Price Target: $34.20

  • Perenti (PRN)

    • Retained at buy at Citi; Price Target: $1.60 from $1.15

  • Peter Warren Automotive (PWR)

    • Retained at equal-weight at Morgan Stanley; Price Target: $1.50

  • Qube (QUB)

    • Retained at equal-weight at Morgan Stanley; Price Target: $3.99

  • Sigma Healthcare (SIG)

    • Retained at underperform at Macquarie; Price Target: $1.00

  • Smartgroup Corporation (SIQ)

    • Retained at equal-weight at Morgan Stanley; Price Target: $9.00

  • Super Retail Group (SUL)

    • Retained at neutral at Macquarie; Price Target: $16.90

  • Suncorp Group (SUN)

    • Retained at overweight at Morgan Stanley; Price Target: $20.50

  • Transurban Group (TCL)

    • Retained at equal-weight at Morgan Stanley; Price Target: $13.18

  • The Lottery Corporation (TLC)

    • Retained at outperform at Macquarie; Price Target: $5.40 from $5.50

  • Temple & Webster Group (TPW)

    • Retained at outperform at Macquarie; Price Target: $13.55

  • Treasury Wine Estates (TWE)

    • Retained at buy at Citi; Price Target: $12.97

    • Retained at outperform at Macquarie; Price Target: $13.90

  • Universal Store (UNI)

    • Retained at outperform at Macquarie; Price Target: $8.40

  • Viva Energy Group (VEA)

    • Retained at equal-weight at Morgan Stanley; Price Target: $3.18

  • West African Resources (WAF)

    • Retained at buy at Canaccord Genuity; Price Target: $3.70

  • Westpac Banking Corporation (WBC)

    • Retained at buy at UBS; Price Target: $37.00

  • Wesfarmers (WES)

    • Retained at neutral at Macquarie; Price Target: $75.30

  • Worley (WOR)

    • Retained at buy at Goldman Sachs; Price Target: $18.00

  • Woolworths Group (WOW)

    • Retained at neutral at Macquarie; Price Target: $32.50

  • Wisetech Global (WTC)

    • Retained at buy at Citi; Price Target: $124.50


Scans

Top Gainers

Code Company Last % Chg
ETM Energy Transition... $0.079 +51.92%
SPN Sparc Technologie... $0.31 +51.22%
RDN Raiden Resources Ltd $0.015 +42.86%
AUZ Australian Mines Ltd $0.011 +37.50%
SMX Strata Minerals Ltd $0.026 +36.84%
View all top gainers

Top Fallers

Code Company Last % Chg
AHF Australian Dairy ... $0.063 -22.22%
PPG Pro-Pac Packaging... $0.018 -21.74%
BDG Black Dragon Gold... $0.047 -21.67%
OPL Opyl Ltd $0.015 -21.05%
AVH Avita Medical Inc $3.51 -19.31%
View all top fallers

52 Week Highs

Code Company Last % Chg
ETM Energy Transition... $0.079 +51.92%
COY Coppermoly Ltd $0.014 +16.67%
MTM MTM Critical Meta... $0.28 +16.67%
MEK Meeka Metals Ltd $0.096 +11.63%
ARX Aroa Biosurgery Ltd $0.80 +6.67%
View all 52 week highs

52 Week Lows

Code Company Last % Chg
D3E D3 Energy Ltd $0.055 -19.12%
RLT Renergen Ltd $0.505 -16.53%
ODA Orcoda Ltd $0.105 -12.50%
DES Desoto Resources Ltd $0.068 -9.33%
AZL Arizona Lithium Ltd $0.012 -7.69%
View all 52 week lows

Near Highs

Code Company Last % Chg
PCI Perpetual Credit ... $1.17 -0.43%
WVOL Ishares MSCI Worl... $41.82 +0.58%
AII Almonty Industrie... $1.075 -2.27%
VVLU Vanguard Global V... $73.75 +0.46%
IHD Ishares S&P/ASX D... $14.50 +1.26%
View all near highs

Relative Strength Index (RSI) Oversold

Code Company Last % Chg
GRR Grange Resources Ltd $0.21 -4.55%
IRI Integrated Resear... $0.41 -7.87%
SEK Seek Ltd $22.15 -0.45%
UTIP Betashares Inflat... $25.08 -0.12%
MQDB Macquarie Dynamic... $10.55 0.00%
View all RSI oversold

Written By

Carl Capolingua

Content Editor

Carl has over 30-year's investing experience, helping investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.

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