Closing Bell: ASX surges 0.84pc to record close, pushed higher by tech and banking stocks
ASX sets new record close at 8587.2 points, breaking February 2025 heights
10 of 11 sectors on the up, with only Industrials dragging (-0.08pc)
All Tech and 200 Banks indices add more than 1pc each
It's been a convincing day of gains on the ASX, coming straight from a trading break over the long weekend.
The bourse had added 0.75% by midday and had nary a wobble through the day, climbing up 0.84% by the end of trade to set a new record high close at 8587.2 points.
That beats the previous record set in February of 8555 points, and places the ASX just 0.33% from its 52-week trading high.
Consumer discretionary led sector gains up 1.82% while industrials was the only sector to dip, losing just 0.08%.
Standout stocks in the discretionary sector included Aristocrat Leisure (ASX:ALL), up 3.63%, JB Hi-Fi (ASX:JBH) + 2.05%, Light & Wonder (ASX:LNW) +3.54% and Tabcorp (ASX:TAH) +5.71%.
Looking at the ASX indices, technology and the major 7 banking stocks generated the most momentum, climbing 1.6% and 1.18% respectively to outweigh the All Ords Gold index's 1.74% drop.
Gold stocks were hit by an index shift from VanEck for its main GDX ETF, which from September will use a different index without exposure to Aussie mid-caps like Capricorn Metals (ASX:CMM) and Bellevue Gold (ASX:BGL), as well as less exposure to Newmont Corporation (ASX:NEM).
Fineos Corporation (ASX:FCL) jumped 7.14%, NEXTDC (ASX:NXT) climbed 5.16% and WiseTech (ASX:WTC) added 2.34%.
Six of the seven major banking stocks made gains, adding between 2.55% and 0.96%. The exception was QBE Insurance (ASX:QBE), which shed 0.13%.
ASX SMALL CAP LEADERS
Today's best performing small cap stocks:
Security Name Last % Change Volume Market Cap
ICE Icetana Limited 0.027 69% 12304586 $7,010,282
OB1 Orbminco Limited 0.0015 50% 47000000 $3,197,568
EVR Ev Resources Ltd 0.007 40% 23212623 $9,929,183
FHS Freehill Mining Ltd. 0.007 40% 8889221 $16,167,639
VPR Voltgroupltd 0.185 37% 259531 $14,466,897
NH3 Nh3Cleanenergyltd 0.031 35% 3503572 $12,985,910
BP8 Bph Global Ltd 0.002 33% 14374262 $1,576,477
KTA Krakatoa Resources 0.013 30% 36335180 $6,201,340
LYK Lykosmetalslimited 0.022 29% 2335033 $4,002,556
FGH Foresta Group 0.009 29% 2022874 $18,570,345
POD Podium Minerals 0.038 27% 7439241 $20,442,318
M4M Macro Metals Limited 0.012 26% 5866959 $37,785,467
CZN Corazon Ltd 0.0025 25% 3172385 $2,369,145
FME Future Metals NL 0.02 25% 24062178 $11,500,810
MRD Mount Ridley Mines 0.0025 25% 277400 $1,556,978
TFL Tasfoods Ltd 0.005 25% 6916027 $1,748,382
VML Vital Metals Limited 0.0025 25% 8222869 $11,790,134
VRC Volt Resources Ltd 0.005 25% 979211 $18,739,112
YAR Yari Minerals Ltd 0.01 25% 5586811 $4,437,692
FCT Firstwave Cloud Tech 0.016 23% 4275923 $22,275,743
FRE Firebrickpharma 0.082 22% 272234 $15,046,622
LIT Livium Ltd 0.011 22% 24745143 $15,214,564
GAL Galileo Mining Ltd 0.14 22% 700822 $22,726,867
AUR Auris Minerals Ltd 0.006 20% 85000 $2,383,130
AZL Arizona Lithium Ltd 0.006 20% 7076621 $26,351,572
Making news…
Security AI software company icetana AI (ASX:ICE) has locked in four agreements with SoftBank Robotics Group Corp and its subsidiaries with a total value of $3.6m. Softbank will become an exclusive distributor of icetana AI in Japan, committing to a minimum purchase agreement of US$450k on a recurring annual basis.
The Singapore arm of Softbank Robotics will also take a 17.6% stake in icetana with an investment of $1.87m, and the two companies will work together to integrate ICE's AI analytics with Softbank's automation and security solutions via a $1.08m three-year joint product development program.
Krakatoa Resources (ASX:KTA) is gearing up to drill 8000-10,000m at the Zopkhito antimony-gold project, targeting extensions to antimony veins and a gold-rich alteration halo to grow the existing resource (non-JORC) of 26,000 tonnes of antimony and just over 815,000oz of gold.
A low-emissions ammonia bunkering deal with Pilbara Ports Authority and Oceania Marine Energy has marked a step toward delivering low-emission fuel markets at scale for NH3 Clean Energy (ASX:NH3).
Under a joint development agreement, the three entities will work together to establish establishing ammonia bunkering at the Port of Dampier by 2030 to service iron ore carriers.
Yari Minerals (ASX:YAR) has boosted the coal resource at the Rolleston South project by 91%, pegging the new MRE at 151Mt, up from 78.9Mt.
Cloud technology firm FirstWave (ASX:FCT) is preparing to launch its products on Amazon's global market place after forming a strategic partnership with Amazon Web Services and US-based Corent Technology.
FCT has bagged A$250k in funding in the deal, which forms part of its commercial strategy to monetise some 150,000 customers that already use FirstWave's free-tier software.
ASX SMALL CAP LAGGARDS
Today's worst performing small cap stocks:
Security Name Last % Change Volume Market Cap
LNR Lanthanein Resources 0.001 -33% 431800 $3,665,454
MOM Moab Minerals Ltd 0.001 -33% 1074372 $2,600,499
AOA Ausmon Resorces 0.0015 -25% 15000 $2,622,427
TKL Traka Resources 0.0015 -25% 265335 $4,251,580
GBZ GBM Rsources Ltd 0.006 -20% 6925104 $8,783,025
AAU Antilles Gold Ltd 0.004 -20% 7520029 $11,556,838
BIT Biotron Limited 0.002 -20% 222000 $3,318,115
ERL Empire Resources 0.004 -20% 532001 $7,419,566
JAV Javelin Minerals Ltd 0.002 -20% 36248702 $15,315,373
MEM Memphasys Ltd 0.004 -20% 75328 $9,917,991
PKO Peako Limited 0.002 -20% 23258963 $3,719,355
PRX Prodigy Gold NL 0.002 -20% 8029997 $7,937,639
RDS Redstone Resources 0.004 -20% 4133107 $5,171,337
TEM Tempest Minerals 0.004 -20% 1036232 $3,672,649
VFX Visionflex Group Ltd 0.002 -20% 3000000 $8,419,651
LKY Locksleyresources 0.085 -19% 18404826 $19,250,000
REZ Resourc & En Grp Ltd 0.013 -19% 737742 $10,746,226
BMH Baumart Holdings Ltd 0.009 -18% 55500 $1,792,726
AZI Altamin Limited 0.024 -17% 375302 $16,660,584
NGX Ngxlimited 0.12 -17% 1090 $13,138,717
AUK Aumake Limited 0.0025 -17% 33 $9,070,076
BLZ Blaze Minerals Ltd 0.0025 -17% 1000000 $4,700,843
FBR FBR Ltd 0.005 -17% 3319917 $34,136,713
GLL Galilee Energy Ltd 0.005 -17% 149000 $4,243,157
ICG Inca Minerals Ltd 0.005 -17% 1565696 $9,458,340
TRADING HALTS
Aureka Ltd (ASX: AKA)  – cap raise
Island Pharmaceuticals Ltd (ASX: ILA)  - pending announcement
dorsaVi Ltd (ASX: DVL)  – pending licence agreement and cap raise
Kinetiko Energy Ltd (ASX: KTE)  – cap raise
McLaren Minerals Ltd (ASX: MML)  – cap raise
SSH Group Ltd (ASX: SSH)  – cap raise
Australian Critical Minerals (ASX: ACM)  – acquisition and cap raise
Southern Palladium Ltd (ASX: SPD)  – cap raise
Johns Lyng Group Ltd (ASX: JLG)  – potential change of control
FOS Capital Ltd (ASX: FOS)  – acquisition and cap raise
IN CASE YOU MISSED IT
Pure Hydrogen (ASX:PH2) plans to spin-off its Windorah gas project into a new ASX-listed company have received a boost from the Queensland government.
Elevate Uranium (ASX:EL8) has uncovered thick, shallow granite-hosted uranium, representing a new mineralisation style beyond the defined Marenica resource.
Arika Resources (ASX:ARI) has identified 17 new targets using ultrafine soil geochemistry within the Mulga Plum – Jeedamya tenements, situated on the western side of Arika's Kookynie project area.
Anson Resources (ASX:ASN) has revealed a maiden lithium carbonate equivalent resource estimate for the Green River lithium project in Utah of 103,000t, including 19,000t in the indicated category.
One of Japan's top titanium producers has given their tick of approval to Sovereign Metals (ASX:SVM) rutile from the Kasiya project.
Trigg Minerals' (ASX:TMG) initial field work at Antimony Canyon in Utah has confirmed both massive stibnite and the project's high-grade potential.
Axel REE (ASX:AXL) has unearthed more high-grade gallium at Area B of the Caladão project in Brazil, demonstrating 'remarkable' mineralisation.
Beneficiation test work at Astute Metals' (ASX:ASE) Red Mountain project in Nevada has produced lithium clay concentrate grades of up to 4,480 ppm, outlining a clear pathway to commercial production.
Dubbed the Western, Central and Eastern trends, Argent Minerals' (ASX:ARD) VTEM survey has revealed extensive, distinct anomalies prospective for gold-silver-copper-lead-zinc mineralisation at the Kempfield project in NSW.
Adisyn Ltd (ASX: AI1) has delivered a key ALD system to fast-track its graphene R&D, marking a major step toward commercialising next-gen chip materials for AI and 5G.
Optiscan (ASX:OIL) has revealed a novel microscopic imaging device designed specifically for the veterinary medicine market segment.
Hillgrove Resources (ASX:HGO) has notched up a set of new records for the Kanmantoo copper mine as the red metal sector heats up.
Blue Star Helium's (ASX:BNL) State 9 well has flowed gas at the strongest rate to date as the transition to helium production begins.
LAST ORDERS
West Coast Silver (ASX:WCE) has reshuffled its board, inviting Bruce Garlick to fill the position of executive chair as outgoing executive chair Thomas Reddicliffe moves to a non-executive position.
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