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S&P/ASX 200 breaks through 7,000 for the first time in over a year

Brent crude futures rose 0.67%, to US$63.16 a barrel on Wednesday on improving global economic outlook.

Alta Zinc Ltd - S&P/ASX 200
Gold prices fell 0.4% to US$1,737.01 per ounce on Wednesday a day after hitting a more than one-week peak.

S&P/ASX 200 (INDEXASX:XJO) is trading higher for a fifth day, lifting by 1% to 6,997 points by 1.05 pm with iron ore miners and banks making strong gains.

The index rose above 7,000 points and hit a 13-month high earlier in the day. S&P/ASX 200 is now only a little over 3% away from its pre-COVID record highs.

Dividend payments

More than a dozen companies will be distributing dividends to investors on Thursday including Brambles (ASX:BXB), South32 (ASX:S32), Regis (ASX:REG) and Inghams (ASX:ING).

Imugene (ASX:IMU) gained 1.6% after lifting by 19.2% on Wednesday following the announcement of progress for a clinical trial of a cancer treatment yesterday.

Western Areas (ASX:WSA) rose 4.7% after recording a 20% quarter on quarter lift in total nickel mined and a 27% rise in mined ore grade over the March quarter.

Top gainers

Today’s top gainers on the ASX include Alta Zinc Ltd (ASX:AZI) (+16.67%), Ansila Energy NL (ASX:ANA) (+11.54%), Carnavale Resources Limited (ASX:CAV) (+12.50%), Elementos Limited (ASX:ELT) (+10.00%), Golden State Mining Ltd  (ASX:GSM) (+11.11%), Kneomedia Ltd (ASX:KNM) (+12.50%) and PNX Metals Ltd (ASX:PNX) (+14.29%).

Proactive news headlines:

Theta Gold Mines higher on delivering maiden 490,000-ounce underground high-grade gold reserve

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Archer Materials developing a biochip one-billionth of a metre long to help detect respiratory disease

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Alchemy Resources outlines “aggressive” 20,000-metre gold drilling program at Karonie

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Tietto Minerals on track to be West Africa’s next gold miner following "compelling" Abujar pre-feasibility study

Tietto Minerals Ltd (ASX:TIE) is on track to become West Africa’s next gold miner after delivering a "compelling" pre-feasibility (PFS) study for its flagship Abujar Gold Project in Cote d’Ivoire.

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