S&P/ASX 200 gains 0.87% as post-election stock rally continues

S&P/ASX 200 (INDEXASX:XJO) jumped 0.87% to 6,193 points by about 1.45 pm adding to what has been a positive week for Aussie shares with the index ~4% higher. The materials sector is leading improvements while retailing, communications and IT have also gained. BHP Group Ltd (ASX:BHP) gained 1.36%, Rio Tinto (ASX:RIIO) was up 1.53% and Northern Star (ASX:NST) surged 5.86% Utilities and property were in the red while energy and healthcare stocks remained flat. US elections According to NBC News’ tally, Democratic nominee Joe Biden has racked up 253 electoral votes, leaving him 17 shy of the 270 needed to win the White House. The US presidential election has come down to just a few states: Arizona, Nevada, Georgia, Pennsylvania and North Carolina. Top gainers Today’s top gainers on the ASX include FYI Resources Ltd (ASX:FYI) (+10.71%), Tempus Resources Ltd (ASX:TMR) (+9.76%), Horizon Minerals Ltd (ASX:HRZ) (+10.00%), Calima Energy Ltd (ASX:CE1) (+16.67%), Black Dragon Gold Corp. CDI (ASX:BDG) (+11.11%), Maximus Resources Limited (ASX:MXR) (+14.29%),West Wits Mining Limited (ASX:WWI) (+11.69%) and Alta Zinc Ltd (ASX:AZI) (+25.00%). Proactive news headlines: RPM Automotive completes acquisition of Citic Autoparts RPM Automotive Group Ltd (ASX:RPM) has completed all transaction-related conditions for the acquisition of Citic Autoparts Pty Ltd and took ownership of the business on November 1, 2020. VRX Silica receives Aboriginal heritage clearance for works at Arrowsmith silica sand projects VRX Silica Ltd (ASX:VRX) has taken another key step towards production at the Arrowsmith North and Arrowsmith Central silica sand projects north of Perth in Western Australia after receiving Aboriginal heritage clearance. Red River Resources higher on mining "exceptionally" high-grade ore from Far West underground mine Red River Resources Limited (ASX:RVR) is trading higher after mining high-grade polymetallic ore described as exceptional at the Far West underground mine, part of its Thalanga Operations in northern Queensland. ioneer on course for first Rhyolite Ridge production in mid-2023 as it moves closer to environmental approval ioneer Ltd (ASX:INR) (OTCMKTS:GSCCF) (FRA:4G1) is targeting first production in mid-2023 from the Rhyolite Ridge Lithium-Boron project in the US as it moves closer to gaining environmental approval. BlackEarth Minerals says criticality of graphite to future needs is unquestionable BlackEarth Minerals NL (ASX:BEM) has noted that the criticality of graphite to global future needs is unquestionable, even in the short term. IG Group whitepaper reveals pharma and tech sectors to continue growth trend post-COVID-19 IG Group Holdings plc's (LON:IGG) institutional prime services arm IG Prime has released a new white paper predicting that the pharma and tech sectors are set to grow and keep on growing post-pandemic. St George Mining continues focus on key projects in Paterson Province and North-Eastern Goldfields St George Mining Ltd (ASX:SGQ) is strongly focused on progressing its key projects in areas of Western Australia that are attracting strong interest - Paterson Province and the Agnew-Wiluna Belt of the North-Eastern Goldfields. VIP Gloves will build a new factory to increase glove production VIP Gloves Ltd (ASX:VIP) is planning to construct a new production facility in the outskirts of Kuala Lumpur in Malaysia to increase the production of gloves.