S&P/ASX 200 (INDEXASX:XJO) started the day in the red with the index falling as much as 0.36% in the morning but has since recovered to lift 0.17% to 7,315 points by about 1 pm.
Gold miners and the iron ore giants were also higher as gold prices gained following the release of US inflation data.
Local stocks followed a strong lead from the US where investors brushed off the sharp rise in US inflation over May with the S&P 500 index hitting a new record high.
70% lift in sales for Premier Investments
Premier Investments Ltd (ASX:PMV), the company behind brands such as Smiggle, Portmans, Peter Alexander and Jay Jays, reported a 70% lift in sales globally for the first 18 weeks of 2H21 compared to a year ago.
The company has upgraded its FY21 earnings before interest & taxes (EBIT) to be in the range of $340 million and $360 million.
Today’s top gainers on the ASX include CV Check Ltd (ASX:CV1) (+8.33%), Golden State Mining Ltd (ASX:GSM) (+12.50%), GTI Resources Ltd (ASX:GTR) (+8.70%), Horizon Minerals Ltd (ASX:HRZ) (+8.00%), Imugene Limited (ASX:IMU)(+11.11%), Roots Sustainable Agricultural Techn Ltd (ASX:ROO) (+9.09%) and Valor Resources Ltd (ASX:VAL) (+9.09%).
Proactive news headlines:
Archer Materials progresses biochip development with semiconductor chip testing
Archer Materials Ltd (ASX:AXE) (OTCMKTS:ARRXF) (FRA:38A) has made progress in the development of its biochip by establishing essential chip testing operations in a semiconductor fabrication environment.
Golden Rim Resources extends depth of high-grade Diabatou gold shoot at Kouri
Golden Rim Resources Ltd (ASX:GMR) latest diamond drilling results from Kouri Gold Project in Burkina Faso, West Africa, have extended the high-grade Diabatou gold shoot from 140 metres to 190 metres below surface.
Tietto Minerals appoints four key managers for Abujar Gold Project construction
Tietto Minerals Ltd (ASX:TIE) has appointed four key managers to accelerate development of the 3.02-milllion-ounce Abujar Gold Project in Côte d’Ivoire, which is on track to be West Africa's next gold mine.
Legend Mining evolves Mawson geological understanding with further sulphide results
Legend Mining Limited (ASX:LEG) has released assay results for three diamond drill holes that continue the evolution of its flagship Mawson nickel-copper-cobalt prospect within the Rockford Project, Fraser Range, Western Australia.
Marmota readies diamond drill campaign at Aurora Tank discovery in wake of 165 g/t gold hit
Marmota Ltd (ASX:MEU) (FRA:43M) is readying to kick off a diamond drilling program at the Aurora Tank gold asset in South Australia's Gawler Craton near the Challenger gold mine.
Celsius Resources hits high-grade copper-gold in first hole at MCB in the Philippines
Celsius Resources Ltd’s (ASX:CLA) Philippine subsidiary Makilala Mining Company Inc has received high-grade copper-gold assay results from the company’s first drill hole at the MCB Copper-Gold Project on the island of Luzon in the Philippines.