The ASX200 has closed up 0.7% at 8,270 points – a new all time closing high.
The fresh Chinese stimulus measures paired with an increasingly volatile Middle East has fueled a jump in commodity prices. In response Energy and Mining stocks started the week strongly.
Sectors were a mixed bag with Energy leading the market higher, up 2.6%, followed closely by Materials, up 1.76% and Information Technology, up 0.76%.
In the Green
Elixir Energy (ASX:EXR) closed up 9.4% an update on its Daydream-2 well in its Project Grandis in Queensland. The company says the coil tubing unit to be used in flow testing has been released by the neighbouring operator and deployed to the Daydream-2 location.
Elixir Energy closed at 17.5 cents.
Sayona Mining (ASX:SYA) closed up 13% on the back a surge in lithium prices. The company released no news today, but was swept up in the positive sentiment surrounding the stock.
Sayona Mining finished the session at 3.5 cents.
In the Red
Uranium miner Deep Yellow (ASX:DYL) closed down more than 4.5%, despite fairly positive news of a new appointment. The company has appointed Jim Morgan as Head of Project Delivery and he comes with more than 35 years of experience in uranium and other resources projects.
Deep Yellow closed at $1.37.
Emerald Resources (ASX:EMR) closed down 3.5% on news operations have resumed at its Okvau gold mine in Cambodia. The company says access to all areas of the pit have been restored after a minor wall slip two weeks ago.
Emerald Resources called it a day at $3.86.
Raiden Resources (ASX:RDN) closed down 4.3% after kicking off drilling at the Andover South Lithium Project in the West Pilbara region of WA. The maiden drill program will include 5000 square metres of diamond drilling, has started with a single diamond drill rig, with a second rig expected on site shortly.
Raiden Resources pulled up stumps at 4.4 cents.
And Nine Entertainment (ASX:NEC) shed more than 3.4% after the revelation institutional investor Perpetual substantially sold down its position in Nine. Meanwhile, the company will conduct its Annual General Meeting on the 7th of November in Sydney.
Nine Entertainment wound up the session at $1.25.
That’s market close, we’ll see you tomorrow for market open.