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The ASX200 closed up 0.12% at 8221points.
Iron ore miners surged and Mineral Resources (ASX:MIN) jumped 1.2% on news the outcome of its investigation into managing director Chris Ellison’s tax evasion scheme will be released next week.
The IT sector has the biggest gains, up 2%, followed by Discretionary, up 1%, and Materials 0.75%.
Utilities chalked up the biggest losses, down 0.6%, and Energy and Real Estate both closed down 0.5%.
In the Green
Vulcan Energy (ASX:VUL) closed up 12.5% on news ratings agency S&P Global Ratings has awarded the company a Dark Green sustainability rating – the highest ever received by a metals and mining company globally.
Vulcan Energy closed at $5.14.
Resmed (ASX:RMD) finished up 3.5% after Macquarie retained its outperform rating on the company and improved its price target to $41.10. The upgrade followed ResMed beating quarterly profit expectations.
Resmed closed at $39.07.
Li-S Energy (ASX:LIS) closed up 54% on news it substantially improved the performance of its lithium-sulfur battery technology.
Li-S Energy wrapped up at 18.5 cents.
In the Red
Adriatic Metals (ASX:ADT) closed down 4.9% on release of its Q3 update. The company did achieve a significant jump in production, but the result fell short of investor expectations.
Adriatic Metals closed at $4.09.
Westgold Resources (ASX:WGX) finished down 4.9% after increasing its existing loan facility from $100 million to $300 million. The company says the move will bolster the balance sheet and assist in executing the growth strategy.
Westgold Resources closed at $3.13.
Metcash (ASX:MTS) closed down 2.51% after a broker downgrade. Analysts at Macquarie downgraded the stock to ‘underperform’ and cut the price target to $3.45.
Metcash closed at $3.11.
