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The ASX200 closed up 0.15% at 8,474 points.
Bitcoin broke through US$100,000 for the very first time after climbing 6.9%. The OG cryptocurrency is now much more accessible, given the advent of crypto ETFs – and this is perhaps contributing to its phenomenal price rise.
IT has been the strongest performing sector, up 1.1%, followed by Real Estate, up 0.8% and Discretionary, up 0.75%. Energy has been the biggest loser, down 0.75%, followed by Materials, down 0.4%, and Health Care, down 0.2%.
In the Green
Global Lithium (ASX:GL1) closed up xxx% after joining the ranks of lithium miners turning to other metals as the great lithium rerate makes another project unviable. The company has acquired Octava Minerals’ (ASX:OCT) Talga Project, prospective for gold and base metals.
Global Lithium closed at 23 cents.
Race Oncology (ASX:RAC) closed up 12.06% on news it had submitted the human ethics application package for its Phase 1 solid tumour trial.
Race Oncology closed at $1.44
Perseus Mining (ASX:PRU) closed up 6.46% on the release of a drilling update from the recently acquired Nyanzaga Gold Project in Tanzania. Meanwhile, Macquarie put out a bullish broker note on the company reaffirming its outperform rating and an improved price target of $3.60.
Perseus Mining closed at $2.80.
In the Red
Rio Tinto (ASX:RIO) closed down 0.58% amid new debate around its dual-listing structure. Major Rio shareholder Palliser Capital has challenged the company to unify under a single listing in Australia.
Rio Tinto closed at $120.78.
Patriot Battery Metals (ASX:PMT) closed down 3.33% after producing a sample of battery-grade lithium hydroxide monohydrate from its CV5 Spodumene Pegmatite at its Lithium Project in Canada.
Patriot Battery Metals closed at 29 cents.
Boss Energy (ASX:BOE) closed down 2.26% after broker Citi initiated coverage placing a buy recommendation on the stock and a price target of $3.40.
Boss Energy wrapped the session at $2.60.
