The Market Online - At The Bell

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

The ASX200 closed up 0.9% at 8,374 points, after hitting a new all time record of 8,446 points in intra-day trade.

The Aussie tech sector soared 3.1% pushing the local index to record highs. Enterprise software company Technology One (ASX:TNE) had a stellar day, up 10% to close at $29.45.

Telecommunication also performed strongly, up 1.5%, followed closely by Energy, up 1.45%

In the Green

Sun Silver (ASX:SS1) closed up 6.5% on assay results from its Maverick Springs Silver-Gold Project in Nevada, USA. The results from the 220m step-out drill hole revealed a 50m mineralised intercept grading at 70g/t silver equivalent.

Sun Silver closed at 74 cents.

State Gas (ASX:GAS) closed up 2.6% on resolution of an access dispute involving its Rolleston West Project. The company will now resume gas production activities.

State Gas pulled up stumps at 3.9 cents.

Aurora Energy Metals (ASX:1AE) closed up 67.4% after securing an option agreement with US-based Eagle Energy Metals for the sale of the Aurora Uranium Project for $40 million.

Aurora Energy Metals closed at 7.2 cents.

In the Red

KMD Brands (ASX:KMD) closed down 3.8% after reporting a 5.8% drop in first-quarter sales. All brands lost ground including Rip Curl, down 6.7% and Kathmandu, down 2.7%.

KMD Brands closed at 37.5 cents.

Waratah Minerals (ASX:WTM) closed down 16.3% on results from its ongoing drilling program at the Spur Project, located in the Lachlan Fold Belt, New South Wales.

Waratah Minerals closed at 20.5 cents.

Elders (ASX:ELD) closed down 10.9% after it completed the institutional part of its capital raising. The company raised around $143 million at $7.85 per share, representing a 9.2% discount to yesterday’s close price.

Elders closed at $7.76.

More From The Market Online
The Market Online Video

Market Close: ASX Ltd drops on ASIC $150M raise request; iron ore offsets gold bounceback

Good Afternoon and welcome to Market Close for Monday of Week 51, I’m Jon Davidson.
HotCopper Daily Market Trends Graphic

Monday’s HotCopper trends: Winsome, 4D Medical, and other daily topics | Dec 15

With more than seven million users on the HotCopper forums, every discussion and speculation can move Australian markets, which is why getting out in front
A dirt road running through the Antimony Canyon project in Utah.

American Tungsten and Antimony leaves ‘Trigg’ name behind to start next era (and set fresh focus)

American Tungsten and Antimony has entered a new era, leaving the name "Trigg Minerals" behind to…
The Market Online Video

How to manage money on the average Aussie income

This week on Money and Investing, Mitch Olarenshaw and I break down how to manage money on the average Australian income, using practical