As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,118.80 on Friday, down 1.13% in the past 5 days.1. $MINERAL RESOURCES LTD(MIN.AU)$ +19.02%Mineral Resources share price soars on asset sale. Investors are bidding up the Mineral Resources share price after the company reported it has agreed to sell its two oil and gas exploration permits in the Perth Basin to Gina Rinehart's Hancock Prospecting. Hancock will pay the ASX 200 miner a total cash consideration of up to $1.13 billion.The MinRes board said on Thursday that it expected to hand down the conclusion of an investigation into the tax affairs of Mr Ellison by Monday. The miner also announced H

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,211.30 on Friday, down 0.88% in the past 5 days.1. $WEST AFRICAN RESOURCES LTD(WAF.AU)$ +14.73%West African Resources Ltd reported a robust third quarter in 2024, with gold production reaching 47,799 ounces and sales at an impressive average price of US$2,493 per ounce. The company remains on track to meet its annual gold production guidance, supported by a healthy cash balance of A$430 million. Additionally, significant progress was made on the Kiaka project, including a successful A$150 million share placement to fund its development.West African Resources Limited's large institutional owners mu

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,283.20 on Friday, up 0.84% in the past 5 days.1. $REGIS RESOURCES LTD(RRL.AU)$ +22.69%Regis Resources Limited has announced that a significant shareholder, previously holding substantial interest, has ceased to be a substantial holder as of October 14, 2024. This change indicates a shift in the company’s shareholder composition, which may influence investor sentiment and market dynamics.Regis Resources Limited shareholders have had their patience rewarded with a 25% share price jump in the last month. The last 30 days bring the annual gain to a very sharp 48%.Retrospectively, the last year delivered a decent 11%

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,214.50 on Friday, up 0.79% in the past 5 days.1. $Arcadium Lithium plc(LTM.AU)$ +95.69%Rio Tinto will acquire Arcadium Lithium, in an all-cash transaction, valuing the latter at $6.7 billion, the Anglo-Australian giant confirmed on Wednesday.  Rio Tinto will acquire the United States-based lithium producer for $5.85 per share, it said. The deal represents a premium of 90% to Arcadium’s closing price of $3.08 per share on October 4 and is expected to close mid-2025.Management notes that Arcadium Lithium is a global, fast-growing, vertically integrated lithium chemicals producer with an asset base of long-life

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,212.20 on Friday, up 0.03% in the past 5 days.1. $MINERAL RESOURCES LTD(MIN.AU)$ +33.90%Mineral Resources Limited, with a market cap of A$8.05 billion, operates as a mining services company in Australia, Asia, and internationally through its subsidiaries.Mineral Resources has completed the sale of a 49 percent interest in the Onslow Iron haul road to investment funds managed by Morgan Stanley Infrastructure Partners. MSIP, a private infrastructure investment platform within Morgan Stanley Investment Management, paid Mineral Resources upfront cash consideration of AU$1.1 billion on Tuesday (September 24).Mineral R

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,209.50 on Friday, up 1.35% in the past 5 days.1. $SIMS LTD(SGM.AU)$ +11.55%The Sims Ltd share price is up 13% after the metal business gave a promising trading update. Sims describes itself as a global leader of metal recycling and the provision of circular solutions for technology.Despite ongoing market challenges across all regions, the Sims metal businesses are projected to deliver an estimated EBIT of approximately $55 million in the first quarter of FY25.The Sims Managing Director and CEO Stephen Mikkelsen said: "It is encouraging to see the improved performance of our Metal businesses despite the chall

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,099.90 on Friday, up 1.08% in the past 5 days.1. $MINERAL RESOURCES LTD(MIN.AU)$ +25.06%MinRes gained 25.06% to $38.33 by this week, having closed 16.47% higher on Wednesday after securing approval by the Foreign Investment Review Board to sell a 49% stake in its Onslow Iron project's haul road to Morgan Stanley Infrastructure Partners.Morgan Stanley analyst Rahul Anand reaffirmed an 'overweight' rating on the company, noting that the stock is cheap and offers "significant upside for value investors with a long-term horizon". Anand said he did not see an equity raise being required, unless a weakening of up to 25

As New Zealand's inflation rate dropped to 3.3% in July, the Reserve Bank of New Zealand (RBNZ) announced its first interest rate cut in four years.On August 15, the RBNZ unexpectedly lowered the Official Cash Rate (OCR) from 5.5% to 5.25%. This marks a significant shift from the RBNZ's previous guidance (as recent as May), which suggested that interest rates would not be cut until August 2025.Rate cut cylce already begins in New Zealand! Expect 3+% in 2025?Although inflation is now close to its target range of 1% to 3%, RBNZ emphasized that policy will need to remain restrictive for some time but still predicts that the cash rate will reach 3.85% by the end of 2025.Following the RBNZ's reduction of the OCR, major banks in New Zealand quickly took action to lower mortgage rates, a move tha

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,013.40 on Friday, down 0.97% in the past 5 days.1. $NANOSONICS LTD(NAN.AU)$ +10.22%Nanosonics Limited has announced that State Street Bank and Trust Company, among other entities, has become a substantial holder as of September 2, 2024, with a total voting power due to relevant interests in over 15 million ordinary shares. This strategic financial move involves entities with the authority to control voting rights and dispose of securities as investment managers or trustees, reflecting potential shifts in the company’s investment landscape, which may drives the stock price up!Nanosonics has perfectly satisfactory

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,091.90 on Friday, up 0.85% in the past 5 days.1. $IMUGENE LTD(IMU.AU)$ +19.23%Imugene Limited is possibly approaching a major achievement in its business.Imugene Limited, a clinical stage immuno-oncology company, develops a range of immunotherapies to activate the immune system of cancer patients to treat and eradicate tumors in Australia. With the latest financial year loss of AU$38m and a trailing-twelve-month loss of AU$89m, the AU$375m market-cap company amplified its loss by moving further away from its breakeven target. A company's cash runway is calculated by dividing its cash hoard by its cash burn. In De

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 7,971.10 on Friday, up 2.49% in the past 5 days.1. $ORORA LTD(ORA.AU)$ +32.28%Orora is considering selling its North American packaging business worth some $2 billion, with the glass bottles and cans manufacturer telling investors it had been in discussions with potential buyers about a deal for “months”.The company’s chief executive Brian Lowe said those negotiations had begun months before a buyout approach from private equity group Lone Star for the whole of Orora at $2.55 a share. The Lone Star proposal was rejected by the board on Tuesday.Orora cut its final dividend payout by 44 per cent to 5¢ a share after m

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 7,777.70 on Friday, down 2.08% in the past 5 days.1. $AMP LIMITED(AMP.AU)$ +8.86%Wealth manager AMP has reported a slide in its half-year statutory profit, although cost cuts helped lift underlying profit. AMP shares lift on improved profit, divestments.AMP shares jumped 13.2 per cent to $1.28 after it reported a 5.4 per cent increase in net profit to $118 million in the half-year. The financial services giant also declared an interim partially franked dividend of 2¢ per share. It was the best-performing stock on the ASX 200.For the six months ended 30 June, AMP reported a 4% decline in revenue to $641 million but

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 7,943.20 on Friday, up 0.28% in the past 5 days.1. $STAR ENTERTAINMENT GRP LTD/T(SGR.AU)$ +9.8%the Star Entertainment Group share price has rallied 9% over the past week. Shares in the casino operator are up 14% to 56 cents apiece from the week's low. This is a market-trouncing performance, though the origins of the optimism caught the attention of the Australian Securities Exchange.There's no shortage of stimulus to move the Star Entertainment share price these days. Shrouded in regulatory investigations, the Australian casino operator bounces around headlines like a steel sphere in a pinball machine.It seems the

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 7,921.30 on Friday, down 0.63% in the past 5 days.1. $IRESS LTD(IRE.AU)$ +16.98%Iress shares jump on first-half earnings lift. In an announcement on Monday, Iress projected an adjusted EBITDA in the 1H24 period to be between $65–$67 million, up approximately 50 per cent from $44 million in the prior corresponding period.“A disciplined approach to cost management and revenue in line with expectations have seen a significant improvement in operating leverage through the period. Earnings in Iress’ core businesses of Wealth and Trading & Market Data are expected to be materially higher on pcp, alongside UK Wealth w

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 7,971.60 on Friday, up 0.15% in the past 5 days.1. $JAMES HARDIE INDUSTRIES-CDI(JHX.AU)$ +9.59%VIVALDA has announced that it is now stocking James Hardie cladding panels at its branch in Scotland, which is the main reason why stocks are rising.William Barlow, branch manager at Vivalda Scotland, said, “Our large facility to the east of Glasgow allows us to hold substantial levels of stock, meaning that we’re able to supply Hardie Panel on a just-in-time basis, without the lag associated with some competitor products. Even better for contractors in Scotland, our on-site CNC-controlled beam saws allow us to provide Ha

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 7,959.30 on Friday, up 1.75% in the past 5 days.1. $PERSEUS MINING LTD(PRU.AU)$ +14.71%Perseus Mining Limited, together with its subsidiaries, explores, evaluates, develops, and mines for gold properties in West Africa. The company holds interests in the Edikan gold mine project located in Ghana. Perseus Mining Limited's large institutional owners must be happy as stock continues to impress, up 10.0% over the past week.And as as result, institutional investors reaped the most rewards after the company's stock price gained 10.0% last week. One-year return to shareholders is currently 49% and last week’s gain was the

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 7,822.30 on Friday, up 0.71% in the past 5 days.1. $WHITEHAVEN COAL LTD(WHC.AU)$ +17.25%Australian coal stocks are headed for their best week in years after a fire shut down one of country’s major mines, with Morgan Stanley seeing further upside for the commodity.Whitehaven Coal Ltd. is poised for a 17% weekly advance, its best since October 2022. The fire “may help bring about an earlier tightening of the market balance,” Morgan Stanley analysts including Sara Chan wrote in a July 3 note, adding they expect about 15% upside to year-end coking coal prices. “We see a near-term opportunity in coking or met coal, espe

In the first half of the year, $S&P/ASX 200(XJO.AU)$ rose by 2.33%, closing at 7767.50. Although it lagged behind S&P 500, some stocks that Tiger Brokers users are most concerned with hit new highs or showed significant gains.1. $BHP GROUP LTD(BHP.AU)$ fell by 13%BHP is the largest miner of ASX, is a global resources company, engaged in the mining of copper, iron ore, and coal. After reaching historic highs last December, BHP has experienced continuous declines in the first half of this year. Its plunge is closely linked to a more than 10% drop in iron ore prices.Investors have been selling off the mining company due to concerns over weakening iron ore prices and anticipated ongoing economic s

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 7,796.00 on Friday, down 0.93% in the past 5 days.1. $SIGMA HEALTHCARE LTD(SIG.AU)$ +12.50%Shares in Australia's Sigma Healthcare surged more than 76% on Wednesday to post a record intraday jump, after the company said on Monday it would merge with Chemist Warehouse Group to form an A$8.8 billion ($5.77 billion) entity.Sigma on Monday said Chemist Warehouse will own 85.8% of the merged company that will supply 1,000 Sigma-aligned pharmacies and own 600 Chemist Warehouse outlets, according to a statement.The company said it expected the proposed merger to create savings initially estimated at about A$60 million per

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 7,701.70 on Friday, down 0.42% in the past 5 days.1. $TELIX PHARMACEUTICALS LTD(TLX.AU)$ +17.32%The Telix Pharmaceuticals Ltd share price is racing higher this week.Investors are bidding up the Telix Pharmaceuticals share after the company announced positive results from its ProstACT SELECT clinical cancer trial.The Telix Pharmaceuticals share price is up a whopping 69% so far in 2024. But it could well have further to run. Following on today's announcement, Wilsons has placed a $20.00 price target on Telix Pharmaceuticals shares. That represents a potential 17% upside from current levels.2.