Reporting season continues and the ASX200 has been up 0.28% at 8,030 points. The market is following Wall Street’s near record highs and is continuing its winning streak.
Iron ore fortunes have improved, ticking upwards to $97.60 per ounce in Singapore.
Information Technology is the leading sector up around 2.5%, followed by Industrials and Real Estate both 0.7%. Utilities has lost around half a percent.
Company News
Sun Silver Ltd (ASX:SS1) has been up 12.5% on news of high grade drilling results. The drill revealed silver of 332 grams per tonne at its Maverick Springs project in Nevada in the United States.
Patriot Battery Metals (ASX:PMT) has been down around 2% after a preliminary economic report revealed the company’s Canadian project could become a major supply hub.
Patriot Batter Metals has been trading at 53 cents.
Bank of Queensland (ASX:BOQ) has been down 3.5% on news it will spend $160 million acquiring 114 franchised branches and sacking 400 staff.
Bank of Queensland has been swapping hands at $6.20.