July 31, 2023

Stocks rose modestly Monday as Wall Street kicked off a busy earnings week and wrapped up a winning month. For the month of July, the S&P 500 jumped 3.1 per cent to notch its fifth consecutive positive month for the first time since its seven-month streak ending August 2021. The tech-heavy Nasdaq Composite gained about

Sequoia Asset Management Investment Manager Winston Sammut discusses property opportunities and pitfalls in the current economic climate. Paul Sanger: We are talking today with Mr Winston Sammut, an investment manager at Sequoia Asset Management. Winston has over 40 years’ investment experience, including 20 years in the listed property industry. Winston was previously the Head of

At the closing bell, the S&P/ASX 200 was 0.09 per cent higher at 7,410.40. Silver Lake Resources (ASX:SLR) experienced a significant drop of 20.2% to 89¢ after flagging it will sell less gold in FY24. On the positive side, Lynas Rare Earths (ASX:LYC) jumped 2.6% to $6.73 after reporting record quarterly production of neodymium-praseodymium oxide.

In the Quarterly Activities Report for the three months ending on 30 June 2023, NOVONIX (ASX:NVX) unveiled key highlights and significant progress made during the quarter. One of the notable achievements was the signing of a Joint Research and Development Agreement (JDA) with LG Energy Solution (LGES), a leading global battery manufacturer, for artificial graphite

Immutep Limited (ASX:IMM; NASDAQ:IMMP), a biotechnology firm specialising in novel LAG-3 related immunotherapy treatments for cancer and autoimmune diseases, announced its Quarterly Activities Report and Appendix 4C for Q4 FY23. The report highlights significant progress in late-stage and registrational trials, along with positive clinical results for eftilagimod alpha (efti) in various trials. Late-stage & Registrational

Lynas Rare Earths (ASX:LYC) took a significant hit in the June quarter from the slump in world prices for its key products. The WA-based miner and processor revealed in its June quarterly report that it saw a 47% drop in fourth-quarter revenue on lower prices for its rare earths products. Lynas is the world’s largest

China’s economy will need more than last week’s lacklustre collection of policy thought bubbles if it is to arrest the slump in activity that continued for a 4th successive month in July. Not only did the country’s huge manufacturing sector suffer another contraction in growth but the main driver of economic activity – services –

In the Quarterly Activities/Appendix 5B Cash Flow Report for the three months ending on 30 June 2023, Lake Resources (ASX:LKE, OTC:LLKKF) unveiled key highlights and significant progress made during the quarter. Lake reported a substantial 37% increase in the measured, higher-grade resource at Kachi, supporting over 25 years of supply life. The recent JORC update