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The ASX200 hit an all time intra-day high of 8,827 points as the local bourse traversed record levels heading into close.
In afternoon trade, Materials was the best performing sector, followed by Energy and Real Estate. Utilities was the one and only red sector approaching curtains.
In the Green
Lindian Resources (ASX:LIN) soared in intra-day trade after kicking-off a partnership with Iluka Resources (ASX:ILU) through a binding US$20 million loan and a long-term offtake agreement.
Alkane Resources (ASX:ALK) was in the green today after closing its merger with Mandalay Resources, setting the scene for a dual-listed gold and antimony producer.
Nanoveu(ASX:NVU) climbed higher leading into close after revealing progress in the development of its next-generation chip, targeting fabrication completion by Q4.
In the Red
Aurizon Holdings (ASX:AZJ) retreated in intra-day trade after a broker note out of Macquarie downgraded the stock to a “neutral” rating with a trimmed price target of $3.31.
Elsewhere, the ASX has been forced to reverse trading which wiped more than $400 million from TPG Telecom (ASX:TPG) after admitting it wrongly suggested the telecoms giant was buying an automotive software developer, which was actually being acquired by a private equity firm that had a similar name.
And finally, Light & Wonder (ASX:LNW) collapsed in afternoon trade on the eve of the release of its Q2 results tonight. Investors heavily sold the stock as predictions of poor numbers intensified.
