September 2023

Stocks rose Monday to start a big week of inflation data as investors bought up tech shares in the wake of recent weakness. The Nasdaq Composite rallied by 1.14 per cent to 13,917.89. The S&P 500 gained 0.67 per cent to 4,487.46. The Dow Jones Industrial Average rose 87.13 points, or 0.25 per cent, to […]

The Australian sharemarket recouped early losses on Monday with help from banks and iron ore miners. The S&P/ASX 200 ended the day 36.6 points, or 0.5 per cent higher at 7192.3, despite moving into negative territory in early trading. The Tech sector large-caps WiseTech and Xero weighed on the market in early morning trading before

News of a $US150 million US government loan saw shares in graphite producer, Syrah jump by more than 16% at one stage yesterday in what was a bit of welcome news for the under pressure stock. The big early surge had run out of puff by the afternoon session and the gain more than halved

Westgold Resources’ timely revitalisation of its exploration program has seen the company avoid what would have been an embarrassing slide in the amount of resources at its gold mining operations in the Cue area of WA. Stepped up spending on exploration in 2022-23 saw big increases in contained gold resource estimates for its established Big

Investment markets and key developments over the past week After a couple of weeks of gains global share markets fell again over the last week on renewed concerns about more central bank rate hikes, higher oil prices as Saudi Arabia and Russia extended production cuts, a rebound in bond yields and concerns about China’s economy

Scrap recycler Sims’ disappointing first quarter downgrade knocked the share price lower and helped budge the NSX into negative territory. The shares fell 15% at one stage and were down around 10.5% just before midday after it surprised with a forecast of breaking even in the three months to September 30, instead of making a

Shareholders in Liontown Resources will know in mid October if US lithium giant, Albemarle will turn its indicative $3 a share takeover offer into cold hard cash. Liontown told the ASX on Monday that the due diligence agreed to in the statement a week ago, had been agreed to and would start shortly. “Liontown and

Sunstone Metals (ASX:STM) have announced that the second hole at the T3 porphyry target within its El Palmar project in Northern Ecuador has intersected strong gold-copper mineralisation. Sunstone Managing Director Malcolm Norris said “This latest result shows clearly that T3 is a significant copper-gold porphyry system” Shares are trading 8.7 per cent lower at 2.1 cents.

The ASX/S&P 200 is 0.04 per cent, lower to 7153.6 at midday.  Driving the weakness in the Australian market is Tech sector large-caps WiseTech and Xero, with both down more than 1 per cent in early trade. Scrap metal recycler Sims is among the worst performing, down 10.8 per cent. The company is now forecasting