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The ASX200 closed up 0.74% at 8,285 points.
Chinese retail sales data came in at 4.8% for October – well above consensus expectations of 3.8%. However, industrial production remained flat MoM, which went against analysts’ expectations.
Utilities was the best performing sector, up 2.4%, followed by Financials, up 1.45% and Industrials, up 1.25%. Health Care was the only sector in the red, down 1.75%.
In the Green
Pure Hydrogen (ASX:PH2) closed up 9.09% on plans to demerge its Australian gas assets into a new entity called Eastern Gas. The demerger will involve an IPO, aimed at raising between $8 million and $10 million.
Pure Hydrogen closed at closed at 12 cents.
De Grey Mining (ASX:DEG) closed up 4.1% on news its likely to remain a takeover target according to Bell Potter. The broker has lifted its valuation of the company by 18% to $2.15 per share and retained a Speculative Buy recommendation.
De Grey Mining closed at $1.39.
Domino’s Pizza (ASX:DMP) closed up 4.04% as investors react to news Warren Buffett has been loading up on the shares of its US parent company.
Domino’s Pizza closed $29.61.
In the Red
Healius (ASX:HLS) closed down 16.04% on release of a trading update at its annual general meeting. Investors reacted to the release by strongly selling down the stock.
Healius closed at $1.33.
Wildcat Resources (ASX:WC8) closed down 12.7% on continuing reports the company has been raided by ASIC. Wildcat has denied the reports, but has confirmed it has complied with previous requests from ASIC to produce documents.
Wildcat Resources finished the session at 27.5 cents.
Peninsula Energy (ASX:PEN) closed down 25.3% after an update on its road back to uranium production at its Lance Project in Wyoming, USA. The company has a cash balance of $105 million to fund production into next year.
Peninsula Energy closed at 6.2 cents.
