S&P/ASX 200 on track for seventh consecutive month of gains

Amazon on Thursday released first-quarter results that exceeded analysts’ expectations, with sales soaring 44% year-over-year to US$108.5 billion and profits more than tripling to US$8.1 billion.

9 Spokes International Ltd - S&P/ASX 200
Brent crude oil price rose 1.3% to US$68.16 a barrel on Thursday.

S&P/ASX 200 (INDEXASX:XJO) dipped 0.60% to 7,039.5 points by 12.51 pm even as US markets rose overnight on strong corporate earnings data.

Locally, this is a second weekly decline a row, but the ASX 200 remains firmer for the month with a gain of 3.6%.

This would make it a seventh straight month of gains with the market rising about 20% in this time.

Beach Energy tumbles

Nine of the eleven sectors are in red with energy stocks falling the most followed by healthcare, consumer staples and information technology.

Beach Energy (ASX:BPT) shares fell 22.6% as the oil and gas producer lowered its FY21 production guidance and has withdrawn its 5-year outlook following a downgrade of its reserve estimates at operations in the Cooper Basin in Australia.

Top gainers

Today’s top gainers on the ASX include 9 Spokes International Ltd (ASX:9SP) (+10.53%), Astro Resources N.L. (ASX:ARO) (+25.00%), Latin Resources Ltd (ASX:LRS) (+18.97%), Triangle Energy (Global) Ltd (ASX:TEG) (+15.62%), VIP Gloves Ltd (ASX:VIP) (+30.00%) and Theta Gold Mines Ltd (ASX:TGM) (+8.16%).

Proactive news headlines:

Auteco Minerals successful March quarter exploration expected to underpin Pickle Crow gold resource update in July

Auteco Minerals Ltd’s (ASX:AUT) (OTCMKTS:MNXMF) successful March quarter, which saw drilling returning a host of high-grade results from the Pickle Crow Gold Project in Canada, will underpin a resource update planned for July.

Cellmid receives Chinese import permits for its Jo-Ju® and Lexilis® branded shampoos

Cellmid Ltd (ASX:CDY) has received Chinese import permits for its Jo-Ju® and Lexilis® branded shampoos from the National Medical Products Administration (NMPA).

XTEK appoints retired Defence Force leader as non-executive director

XTEK Ltd (ASX:XTE) has appointed retired Brigadier Mark Smethurst DSC, AM, a highly regarded Australian Defence Force leader, as a non-executive director of the company effective today.

Firefinch's high-grade results from satellite deposits set to boost Morila's golden bounty

Firefinch Ltd (ASX:FFX) (OTCMKTS:EEYMF) (FRA:N9F) has received encouraging high-grade results from drilling of satellite deposits that are set to further enhance the growing gold bounty of the Morila Project in Mali.

Noxopharm welcomes prestigious scientific journal reporting success of Veyonda® as booster of chemotherapy in late-stage cancer patients

Noxopharm Ltd’s (ASX:NOX) results from a CEP-1 study (Chemotherapy Enhancement Program) Phase 1a/1b trial that shows the success of Veyonda® as a booster of chemotherapy in late-stage cancer patients have been published in the prestigious peer-reviewed journal Current Therapeutic Research.

Red River Resources well-funded to progress further development at Thalanga and Hillgrove operations

Red River Resources Ltd (ASX:RVR) (FRA:R1R) generated $26 million in revenue during the March quarter with $25.4 million from base metal concentrate sales at the Thalanga Project in Queensland and $600,000 from the new Hillgrove Gold Mine in New South Wales and is well-funded for further development at both.

Elementos confirms continuity of tin mineralisation in ongoing drilling at Oropesa Project in Spain

Elementos Ltd (ASX:ELT) (OTCMKTS:ELTLF) (FRA:9EM) has confirmed further zones of tin mineralisation in its current drilling and optimisation campaign aimed at increasing the confidence of the mineral resource at its flagship Oropesa Tin Project in Spain.

Horizon Minerals buoyed by further high-grade gold intercepts at Penny’s Find Gold Mine JV

Horizon Minerals Ltd (ASX:HRZ) has received the remaining assay results from a 21-hole drilling program at Penny’s Find Gold Mine Joint Venture with Orminex Ltd (ASX:ONX) (FRA:GG2) that returned further high-grade intercepts.

Kinetiko Energy's productive March quarter sets the stage for near-term first production and revenue

Kinetiko Energy Ltd (ASX:KKO) enjoyed a productive March quarter that has set the stage for first production and revenues in the near term at its Amersfoort Project in South Africa.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


Astro Resources says acquisition of Jack Track deposit is 'major win' for...

Astro Resources NL's Vince Fayad speaks to Proactive's Andrew Scott following the news they've increased their ownership in the Jack Track deposit to 100% by acquiring the 80% share held by Iluka Resources Limited. He says the move significantly increases the Governor Broome project total JORC...

24 minutes ago

3 min read