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The ASX200 finished the week on a strong note, up nearly 1.5 per cent to a record high of 7699 points.
All sectors finished in the green, except for utilities, which closed 0.4 per cent lower.
Real estate and IT led the charge, both gaining more than three per cent.
Uranium stocks had a strong end to the week after news emerged that Kazatomprom, the world’s largest uranium exporter in Kazakhstan, might miss its production targets for 2024 due to construction delays and a shortage of sulphuric acid.
Local uranium companies on the Aussie bourse soared on the news, including Deep Yellow (ASX:DYL), up 12 per cent, Boss Energy (ASX:BOE), up nearly eight per cent, and Paladin Energy (ASX:PDN), up about seven per cent.
In this bulletin, we’ll discuss Pinnacle Investment Management Group, Alliance Aviation Services, Carnaby Resources, Chalice Mining, Conrad Asia Energy and Centrex.
In the green
Pinnacle Investment Management Group (ASX:PNI) was up more than 8.5 per cent on strong half-year results.
The company announced its entering H2 FY24 with record funds under management at more than $100 billion.
PNI closed at $10.84.
Alliance Aviation Services (ASX:AQZ) was up just over four per cent on news it’s promoted Chief Operating Officer Stewart Tully to CEO of the Group as of March 1, 2024.
Mr Tully has been in the COO role for the past three years and has almost 35 years of experience within the aviation industry.
AQZ closed at $3.38.
And Carnaby Resources (ASX:CNB) was up almost five per cent after it struck high-grade copper at its Greater Duchess project in Mt Isa, Queensland.
Results include a four-metre segment at seven per cent copper and 0.05 grams per tonne gold.
The company is planning for a major drilling program to commence soon.
CNB closed at 67 cents.
In the red
Chalice Mining (ASX:CHL) slid nearly eight per cent after revealing its Non-Executive Director, Morgan Ball – will be resigning after eight years of service.
His resignation is effective from March 31 and the board announced it has no intention to replace him.
CHN closed at 94 cents.
Conrad Asia Energy (ASX:CRD) lost just under six per cent after wrapping up an oversubscribed placement to raise $13 million.
The company also announced a $2 million security purchase plan. Funds will go toward advancing its gas projects.
CXM fell toward the raised price today, closing at $1.04.
And phosphate explorer Centrex (ASX:CXM) was down 13 per cent on its plans to raise A$8 million through a placement at 5.7 cents per share.
That represents a 17.4 per cent discount to the last closing price of 6.9 cents.
Funds raised will be used to construct additional camp and accommodation, drying pads and other needed infrastructure for its Ardmore project in Queensland.
CXM closed towards the raised price, at 6 cents.
