S&P/ASX 200 (INDEXASX:XJO) surged on the open to an intraday high of +0.65% but has since dropped 5 points or 0.085% to 5878 by 12.40 pm.
This follows a weaker session on Wall Street overnight where tech stocks were again among the major decliners dragging the NASDAQ lower by 1.3%.
The major miners are also rising despite another drop in iron ore prices overnight with BHP Group (ASX:BHP) gaining 1.39% and Rio Tinto (ASX:RIO) rising 1.79%.
The global count of known COVID-19 cases surpassed 30 million on Thursday and global fatalities crept closer to one million, both signs of the virus' continuing global impact.
The WHO said cases are surging again in Europe, with more than half of European countries seeing a 10% or greater increase in cases in the past two weeks.
In Australia, New South Wales recorded six new COVID-19 cases and Victoria recorded 45 cases and five deaths in the past 24 hours.
Today’s top gainers on the ASX include Altech Chemicals Ltd (ASX:ATC) (+17.95%), Netlinkz Ltd (ASX:NET) (+10.14%), Euro Manganese Inc CDI (ASX:EMN) (+8.00%), Cirralto Ltd (ASX:CRO) (+10.34%), Carnavale Resources Limited (ASX:CAV) (+9.09%), Artemis Resources Ltd (ASX:ARV) (+9.52%), PNX Metals Ltd (ASX:PNX) (+11.11%), Ironbark Zinc Limited (ASX:IBG) (+16.67%), Piedmont Lithium Ltd (ASX:PLL) (+15.38%), FYI Resources Ltd (ASX:FYI) (+43.48%), Brookside Energy Ltd (ASX:BRK) (+20.00%) and Lake Resources N.L. (ASX:LKE) (+10.71%).
Proactive news headlines:
Artemis Resources begins Carlow Castle diamond drilling as it targets 1 million gold ounces
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Greenland Minerals confident Kvanefjeld project can help meet long-term demand for rare earths
Arafura Resources' high-quality Nolans rare earth products validated by supply chain partners
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Netlinkz approaching key milestone of turning cashflow positive
Netlinkz Limited (ASX:NET) is approaching a key milestone of turning cashflow positive as business development initiatives begin to take hold in various markets and other markets show encouraging signs.
MMJ Group well-placed to capitalise on continuing cannabis opportunities
MMJ Group Holdings Ltd (ASX:MMJ) (OTCMKTS:MMJJF) believes that the current market and industry sentiment surrounding cannabis companies create investment opportunities in Canada and other countries at attractive valuations and prices.