The ASX200 closed up 0.45% at 8,347 points.
The Aussie bourse closed higher as investors weighed the impact of the Trump presidency on international markets. Traders were broadly bullish on the eve of Trump’s inauguration, slated to take place early morning tomorrow Sydney time.
IT was the biggest winner, up more than 1.1%, followed by Real Estate, up 0.8% and Financials, up 0.7%
In the Green
Canyon Resources (ASX:CAY) closed up 10.5% after the release of an investor presentation from the bauxite developer this morning. The company described its Minim Martap project as a globally significant bauxite project, with the potential to develop into a key, long-term operation.
Canyon Resources closed at 21 cents.
Iress (ASX:IRE) closed up 6.1% on news the company will divest its Superannuation business to global player Apex group.
Iress closed at $9.64.
Predictive Discovery (ASX:PDI) closed up 5.8% after ministers in Guinea approved the environmental assessment and issued a compliance certificate for the Bankan Gold Project.
Predictive Discovery closed at 27 cents.
In the Red
Resolute Mining (ASX:RSG) closed down 3.7% on the back of a pullback in the gold price on Friday night.
Resolute Mining closed at 39 cents.
Karoon Energy (ASX:KAR) closed down 5.7% on news its Mississippi-based exploration well produced “no significant hydrocarbon-bearing intervals”.
Karoon Energy closed at $1.41.
Star Entertainment (ASX:SGR) closed down 17.8% on release of its quarterly update. Star revealed that revenue was down 15% quarter on quarter in the second quarter to $299 million.
Star closed at 11.5 cents.