The ASX200 has been up 0.7% at 8313 points in mid-afternoon trade, having pared off gains slightly after hitting a new intraday record of 8321.
Financial stocks are in the lead up 1.3%, followed by Industrials at 0.9% and Materials 0.8%.
The Energy sector was the worst performer, down 1.3%, after OPEC revised demand forecasts downwards.
Company News
Wildcat Resources (ASX:WC8) has been up 7% on the release of its quarterly update. Highlights include identifying new high-grade zones at its Chewy North and Han pegmatite bodies at its Tabba Tabba Lithium Project in Western Australia.
Wildcat Resources has been 38.5 cents.
Rock chip sampling at Metal Hawk’s (ASX:MHK) Leinster South project in WA has revealed gold grading up to 22 grams per tonne. This underpins the extension of a quartz vein trend first identified at the project in August.
Metal Hawk has been 17 cents.
Great Western Exploration (ASX:GTE) has been up 8.5% and is on the cusp of drilltesting its ‘Giant Oval’ WA-based copper-gold target with a rig now mobilising on-site.
Great Western Exploration has been trading at 3.8 cents.
That’s market update we’ll see you again later for market close.