The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

The ASX 200 has been up more 5% today as the market looks to 8,410 points.

The ABS has released inflation figures with the annual rate steady at 2.1% through October, as the prices of food, alcohol, cigarettes, and fun activities continue to rise.

All sectors have been in the green with Discretionary the top performer, up 0.97% in line with the black Friday sales week. Financials are up nearly 0.9% and Communication has been up 0.8%.

Looking at company news, Web Travel Group (ASX:WEB) has been the top gainer after the company’s latest earnings data wasn’t as bad as feared.

WEB last traded up 13.5% at $4.80 per share.

Among the biggest fallers has been Novonix (ASX:NVX), where shares started trading after announcing a 60cps placement to raise $44 million yesterday.

NVX last traded well below 80cps.

Finally, Empire Energy (ASX:EEG) has locked in US$65 million worth of funding from long-term finance partner Macquarie Bank (ASX:MAQ) to develop its Carpentaria gas project in the Northern Territory’s Beetaloo Basin – some suggest that’s going to be Australia’s next big gas province.

EEG last traded at 21cps.

That’s Market Update, our crew will be back again later for Market Close.

More From The Market Online

Near-control: Prospect completes acquisition of further Mumbezhi interest

Prospect Resources is on target to commence a 50,000m drilling program at the Mumbezhi copper project…

Resolution: ‘Exceptional’ tungsten grades in historical stockpiles at newly-acquired Johnson Creek mill

Resolution Minerals says it's on the fast track to JORC-code compliance after uncovering "exceptional" high-grade tungsten…

Duketon mobilises rig for maiden Barlee program, eyeing 6 high-rated in-soil targets

Duketon Mining has identified six priority gold in soil targets to test in its a maiden…

St Barbara puts bow on $740M Simberi deal with Lingbao, FID for gold project next on the docket

Gold miner St Barbara (ASX:SBM) has this week satisfied (or had waived) all conditions for its A$740 million deal with the Lingbao