The S&P/ASX 200 opened lower this morning, despite Wall Street’s rebound from last week’s negative performance.
The ASX dropped 0.13% to 7,415.80.
Some of the better performing stocks include Beach Energy Limited up 6.73%, Woodside Petroleum Ltd up 6.18% and AGL Limited up 5.11%.
And one of the best performing CEOs is BHP Group’s Mike Henry, whose annual pay has more than doubled to $US14.5 million (A$19.7 million) for the 2021 financial year after a raft of long-term incentives vested, making him one of Australia's best-paid bosses.
The index has lost 1.52% for the last five days but sits 2.84% below its 52-week high.
Meanwhile, the S&P 500 ended 0.2% higher, the Dow rose 0.8% and the Nasdaq declined less than 0.1%.
The European markets were also higher overnight.
Aluminium stocks would have been celebrating after the metal reached $US3,000 a tonne for the first time in 13 years.
- Iron ore was down $US6.15 or 4.8% to $US122.60 per tonne.
- Brent crude gained 1.1% to $US73.72 a barrel
- US oil increased 1.5% to $US70.73 a barrel
- The Australian dollar is at 73.72 US cents earlier this morning
On the small cap front
Predictive Discovery Ltd (ASX:PDI) is up 13.04% after taking a further step towards de-risking its flagship Bankan Project in Guinea with “excellent” gold recoveries from initial metallurgical test-work.
Brookside Energy Ltd (ASX:BRK) is up 3.33% after it passed a major milestone with commercial production and sales established at the high-impact Jewell 13-12-1S-3W SXH1 well in the SWISH Area of Interest (AOI) in the world-class Anadarko Basin of Oklahoma, USA.
MGC Pharmaceuticals Ltd (LSE:MXC, OTC:MGCLF, FRA:H5O, ASX:MXC) is up 11.67% having achieved a new landmark for the UK cannabis market as CannEpil+, a cannabis-based treatment for epilepsy, has been approved for import by the UK authorities.
Other small caps of note (all percentages correct at time of writing)
- AIS is up 5.56%
- ALY is up 7.14%
- AQX is up 4.76%
- ASN is up 4.55%
- AON is up 3.09%
- ARU is up 3.45%
- ARE is up 6.25%
- AMD is up 8.33%
- BNL is up 3.85%
- CV1 is up 6.25%
- CXO is up 7.14%
- CPH is up 4.17%
- DNK is up 4.94%
- GAL is up 3.33%
- GGG is up 11.54%
- HHR is up 4.17%
- HAV is up 7.69%
- HMI is up 4.44%
- HRZ is up 9.09%
- KWR is up 6.59%
- NXM is up 16.95%
- OBM is up 10%
- PNX is up 14.29%
- PXS is up 3.57%
- RED is up 5%
- RVR is up 5.88%
- SGQ is up 10%
- SRN is up 3.57%
- TMT is up 6.41%
- TEM is up 12.5%
- VRC is up 3.23%