Top 10 at 11: ASX opens at fresh highs; small caps push deeper into e-commerce spaces
With the market opening at 10am sharp eastern time, the data is taken at 10.15am in the east, once trading kicks off in earnest.
In brief, this is what the market has been up to this morning.
Banks, discretionary push ASX higher
The ASX pushed into fresh new highs yesterday, and it's looking like the bourse will be doing the same today.
The ASX 200 is 12 points or 0.14% higher in the first hour of trade, making modest gains with 7 of 11 sectors green.
Consumer discretionary sector stocks are the main drivers of momentum this morning, with some extra support from the top seven banks (+0.61%) and our All Tech index (+0.37%).
It's another sign the Aussie market has decoupled its fortunes from US and European indices, which both moved lower last night.
Oil remained flat overnight, hovering around US$66.83 a barrel of Brent while gold futures slid 2.5% to US$3404 an ounce after the White House said tariffs would not be imposed on imported gold bars. Spot gold is trading at about US$3355 an ounce this morning.
SMALL CAP WINNERS
Code Name Last % Change Volume Market Cap
AJL AJ Lucas Group 0.014 133% 21903763 $8,254,378
LNU Linius Tech Limited 0.0015 50% 4649399 $6,501,216
AUA Audeara 0.025 32% 395334 $3,418,753
HPC The Hydration 0.013 30% 736097 $4,308,009
SUH Southern Hem Min 0.037 28% 5600825 $21,350,961
GRL Godolphin Resources 0.014 27% 5408733 $4,937,606
PIL Peppermint Inv Ltd 0.0025 25% 2499992 $4,662,820
PRX Prodigy Gold NL 0.0025 25% 2001571 $13,483,725
LU7 Lithium Universe Ltd 0.0085 21% 20281362 $8,476,857
PR1 Pure Resources Limited 0.18 20% 78279 $6,901,319
In the news...
AJ Lucas Group (ASX:AJL) has settled a dispute over a carry agreement relating to UK shale gas exploration licences through subsidiary Cuadrilla Resources Limited, paying a cash sum of £12.5m (about A$26m) and terminating the agreement.
Audeara (ASX:AUA) is moving into the Chinese e-commerce space with a licensing agreement through Eastech Holding Limited, a Taiwan-listed company valued at about $350m.
AUA will market its hearing technology under a third-party brand to be distributed via a Chinese e-commerce hearing aid provider with a strong online presence across major platforms, offering exposure to millions of potential customers.
The Hydration Pharmaceuticals Company (ASX:HPC) is launching two new products this quarter: a metabolic support gut health product already in pre-launch sale, and a brain health product to be introduced later this month.
HPC will offer its Hydralite products through Amazon US, targeting a category that generated US$840m in sales on the platform in 2024.
Godolphin Resources (ASX:GRL) has materially upgraded the Lewis Pond project's mineral resource, increasing gold 18% to 470koz and silver 31% to 21Moz.
GRL reckons there's more room for growth in fresh lodes that haven't been incorporated into the estimate yet, and plans to do more drilling alongside metallurgical testing and a mining scoping study already underway.
Lithium Universe (ASX:LU7) has locked in global rights to use Macquarie University's Jet Electrochemical Silver Extraction (JESE) technology, which can selectively dissolve silver from photovoltaic solar cells.
The tech extracts the silver while leaving behind aluminium and other impurities, preserving silicon wafers and high-purity silica glass for recycling.
SMALL CAP LAGGARDS
Code Name Last % Change Volume Market Cap
1AD Adalta Limited 0.002 -33% 80006 $3,338,949
NTM Nt Minerals Limited 0.001 -33% 8000 $1,816,354
RLC Reedy Lagoon Corp. 0.002 -33% 1499998 $2,330,120
C7A Clara Resources 0.003 -25% 800 $2,353,084
HLX Helix Resources 0.0015 -25% 2025000 $6,728,387
SRN Surefire Rescs NL 0.0015 -25% 4000000 $6,457,219
ERL Empire Resources 0.004 -20% 200000 $7,419,566
MOH Moho Resources 0.004 -20% 284500 $3,727,070
FBR FBR Ltd 0.005 -17% 1550133 $34,136,713
RGL Riversgold 0.003 -14% 1 $5,892,994
At Stockhead, we tell it like it is. While Audeara and Lithium Universe are Stockhead advertisers, they did not sponsor this article.
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