The S&P/ASX200 Index closed 0.4 percent higher on Tuesday amid the imminent release of the federal budget.

Banks perched marginally higher as Westpac (ASX:WBC) firmed 0.7 percent, Macquarie Group (ASX:MQG) rose 0.6 percent, Australia and New Zealand Banking Group (ASX:ANZ) grew 0.5 percent, National Australia Bank (ASX:NAB) edged 0.3 percent and Commonwealth Bank of Australia (ASX:CBA) added 0.2 percent.

Iron ore miners followed the banks as Fortescue Metals Group (ASX:FMG) grew 1.7 percent, BHP Group (ASX:BHP) topped 0.4 percent, Rio Tinto (ASX:RIO gained 0.3 percent while Newcrest Mining (ASX:NCM) slid 0.2 percent.

Amongst the headliners, Northern Star Resources (ASX:NST) and Saracen Mineral Holdings (ASX:SAR) both jumped 10.6 percent and 9.6 percent following news of their proposed merger.

‘Buy-now, pay-later’ sector performed well as Afterpay (ASX:APT) jumped 5 percent, Zip Co (ASX:Z1P) rose 3 percent, Sezzle (ASX:SZL) gained 2.2 percent and Splitit (ASX:SPT) firmed 1.4 percent.

Piedmont Lithium Limited (ASX:PLL)
Emerging lithium chemicals company PLL traded 29.7 percent higher to finish top 10 thrice in the last 7 days. PLL recently announced it has resumed drilling in its North Carolina’s Tin-Spodumene Belt along its core and central properties.

Mithril Resources Limited (ASX:MTH)
Mexico-based junior miner surged 28.6 percent to recovery on Tuesday having seen its shares dipped sharply last Tuesday following its weak market expectations of its La Soledad drill results.

MotorCycle Holdings Limited (ASX:MTO)
Motorcycle sales, parts and distributor MTO soared 24.5 percent after releasing its profit guidance and latest conference presentation.

Northern Minerals Limited (ASX:NTU)
WA-based rare earth metals explorer surged 23.3 percent after making AUD 8.7 million R&D tax offset claim for FY20 as reported on Monday.

Tesserent Limited (ASX:TNT)
Full service, enterprise-grade Cyber Security and networking solutions provider TNT rose 20.5 percent after an update earlier today about its latest CFO and Head of Synergies appointments as well as updates from its acquisitions.

 

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The S&P/ASX200 Index rallied 2.6 percent on the first full trading week of October to mark its best trading session in three months.

Banks were in rosy territory as Westpac Banking Corp (ASX:WBC) jumped 4.4 percent, Australia and New Zealand Banking Group (ASX:ANZ) surge 4.2 percent, National Australia Bank (ASX:NAB) soared 4 percent, Commonwealth Bank of Australia (ASX:CBA) spiked 3.6 percent and Macquarie Group (ASX:MQG) gained 3 percent.

Iron ore miners cruised as BHP Group (ASX:BHP) unearthed 2.9 percent, Fortescue Metals Group (ASX:FMG) rose 2.4 percent, Rio Tinto (ASX:RIO) ascended 2.2 percent while Newcrest Mining (ASX:NCM) slid 0.5 percent.

‘Buy-now, pay-later’ coasted to a good fortune as Sezzle (ASX:SZL) flew 6.3 percent, Splitit (ASX:SPT) added 3.9 percent and Openpay (ASX:OPY) firmed 1.1 percent. Afterpay (ASX:APT) ended slightly lower at 0.2 percent deficit.

RareX Limited (ASX:REE)
Rare earths specialist REE rocketed 39.1 percent on Monday having seen recent good results last Wednesday of spectacular thick high-grade results from in-fill drilling.

Dreadnought Resources Limited (ASX:DRE)
Nickel, copper and gold greenfield explorer DRE surged 34.6 percent as recently high-grade gold discovery in the Metzkes’ Find boosted its performance.

Euro Manganese Inc. (ASX:EMN)
Europe-based ultra high purity manganese producer EMN soared 32.4 percent after recent Tesla’s recent shift in focus to manganese and nickel for its battery cathodes during their battery day held on 22 September.

Vection Technologies Limited (ASX:VR1)
Multinational software company that specializes in 3D, VR, AR, IOT and CAD solution VR1 jumped 30.8 percent after announcing it has joined facebook ISV program & launches Mindesk 2020.4. Read StockPal’s The CEO Mindset interview with Gianmarco Biagi here: https://stockpal.asia/2020/05/vection-technologies-asxvr1-gianmarco-biagi/

FYI Resources Limited (ASX:FYI)
Fully integrated, high quality, high purityhalumina (HPA) producer FYI rose 21.7 percent to round out the top 5. FYI announced last Monday that it has commenced detailed HPA development trials.

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The S&P/ASX200 Index dropped 1.4 percent on Friday, losing 2.9 percent for the week and 13.4 percent down for the year.

Banks were in the red as Westpac (ASX:WBC) slid 2.1 percent, National Australia Bank (ASX:NAB) droped 1.9 percent, Australia and New Zealand Banking Group (ASX:ANZ) lost 1.8 percent and Commonwealth Bank of Australia (ASX:CBA) fell half a percent.

Iron ore producers were caught out mostly as Fortescue Metals Group (ASX:FMG) sank 3.6 percent, BHP Group (ASX:BHP) skidded 3.2 percent, Rio Tinto (ASX:RIO) dropped 1.9 percent  with Newcrest Mining (ASX:NCM) rising 0.8 percent,

‘Buy-now, pay-later’ sector nosedived as Openpay (ASX:OPY) backed down 3.8 percent, Sezzle (ASX:SZL) dipped 2.9 percent, Zip Co (ASX:Z1P) declined 1.7 percent and Afterpay (ASX:APT) went down a single percent.

Metro Performance Glass Limited (ASX:MPP)
Leading glass supplier and manufacturer MPP skyrocketed 50 percent on Friday. In a recent report by Digital Journal, the double glazing glass market is allegedly worth USD 27.4 billion by 2025 growing of CAGR of 5 percent.

DGR Global Limited (ASX:DGR)
Copper ores company DGR soared 13.8 percent on Friday. DGR is the largest shareholder of Armour Energy (ASX:AJQ) who just did a capital raise of AUD 15million, up from the previous AUD 10 million target.

Tesoro Resources Limited (ASX:TSO)
Chilean-based gold and copper explorer Tesoro Resources Ltd (ASX:TSO) is up 12.5 percent after increasing its El Zorro land position by 50 percent on 23 September.

Genetic Signatures Limited (ASX:GSS)
Molecular Diagnostics (MDx) specialist  GSS rose 11.8 percent after announcing positive Q3 sales of approximately AUD 10.5 million or 50 percent higher than Q2.

Optiscan Imaging Limited (ASX:OIL)
Microscopic imaging company finished 11.1 percent higher after entering into two consecutive trading halts in the week of 21 September, following a capital raise announcement.

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