The final day of the trading week saw the ASX finish in the green up 0.48 per cent.
This comes after the US senate voted to suspend the country’s debt ceiling until 2025, avoiding a potentially catastrophic default.
In the green
Uranium explorer Paladin Energy (PDN) has finished the week in a strong position, closing up nearly 11 per cent.
The rise came after the Namibian government quashed rumours it was planning to take stakes in the country’s existing mines.
It’s the same claim Paladin made yesterday, which resulted in a share price jump of 11 per cent. Paladin ended the day at 67 cents.
International Education organisation, IDP Education, made some recoveries through the day, after losing close to 17 per cent since Monday. At the end of the day IDP gained 6.3 per cent trading at $21.75
Another company to close the day strong was gold miner Newcrest Mining (NCM).
Last month the gold miner said it would back a $28.8 billion takeover by the world’s biggest gold miner, Newmont. The company wound up the week nearly five per cent higher trading at $27.50
In the red
Telix Pharmaceuticals (TLX) had a challenging day, sliding more than seven per cent. The company closed the day at $10.82
Neuren Pharmaceuticals (NEU) also dipped nearly 4.5 per cent despite releasing no news this month.
And Logistics company Brambles (BXB) fell 2.5 per cent to close the day at $13.38.