S&P/ASX 200 jumps 1.8% to highest level since early March

S&P/ASX 200 jumps 1.8% to highest level since early March

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S&P/ASX 200 (INDEXASX:XJO) has joined other Asian markets in continuing the post-election stock rally by hitting a fresh 8-month high of 6303 (+1.8%) today, with the index last trading 1.6% higher at 6,290 around 1.20 pm. All sectors have gained with the biggest improvements for materials, IT and communications. BHP Group (ASX:BHP) gained 3.48% after acquiring a further 28% interest in Shenzi (Gulf of Mexico oil assets) from Hess Corporation (NYSE:HES) for US$505 million, bringing BHP’s ownership to 72%. This adds about 11,000 barrels of oil per day of production for BHP. Crown Towers Melbourne re-opens Crown Resorts (ASX:CWN) was 3.23% higher after Crown Towers Melbourne re-opened today and received approval to run a limited number of electronic gaming machines and electronic table games from Thursday. The firm said it will restrict operation to ten designated VIP areas, each with a maximum capacity of ten patrons with no smoking permitted. Patrons activity will also be restricted to 90-minutes per day and every second electronic gaming machine and electronic table game will be deactivated to allow physical distancing. Top gainers Today’s top gainers on the ASX include Creso Pharma Ltd (ASX:CPH) (+15.38%), MMJ Group Holdings Ltd (ASX:MMJ) (+14.29%), Ironbark Zinc Limited (ASX:IBG) (+22.22%), Argonaut Resources NL (ASX:ARE) (+16.67%), Boadicea Resources Ltd (ASX:BOA) (+20.00%), Emyria Ltd (ASX:EMD) (+15.49%) and White Rock Minerals Ltd (ASX:WRM) (+12.12%). Proactive news headlines: Moho Resources surface sampling generates high confidence gold drill targets at Silver Swan North Moho Resources Ltd (ASX:MOH) has confirmed a broad geochemical gold anomalism through the southwest sector of the Silver Swan North Project from combined historical data and recent results from surface geochemical sampling. Meteoric Resources completes sale of Canadian nickel-copper projects to Rafaella Meteoric Resources NL (ASX:MEI) has completed the sale of its Canadian nickel-copper projects, Midrim and LaForce, for consideration of 13.05 million shares in Rafaella Resources Ltd (ASX:RFR). Alkane Resources doubles size of Boda target zone on revealing further extensive gold-copper zones Alkane Resources Limited (ASX:ALK) (OTCMKTS:ALKEF) (FRA:AK7) has significantly expanded mineralisation at its Boda prospect in Central West New South Wales after intersecting further extensive zones of gold-copper mineralisation. Infinity Lithium strengthens in-country team in Spain with head of institutional relations appointed Infinity Lithium Corporation Ltd (ASX:INF) has appointed Cayetano Polo as its new head of institutional relations in Spain, further reinforcing the evolution of the company’s in-country management and focus on local representation to support the San José Lithium Project. Mako Gold confident that wide and high-grade intercepts support Tchaga gold discovery Mako Gold Ltd (ASX:MKG) has received wide and high-grade intersections from drilling that support a large gold discovery at Tchaga prospect on the company’s 224 square kilometre Napié Gold Project in Côte d’Ivoire. Corazon Mining defines new nickel sulphide drill targets at Lynn Lake in Canada Corazon Mining Limited (ASX:CZN) has used results from a recent MobileMT geophysical survey to define new nickel sulphide drill targets for the next drilling phase at Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba Province, Canada. Sipa Resources completes RC drilling at Wolfe Basin Project, results expected next month Sipa Resources Ltd (ASX:SRI) has completed a 1,545-metre reverse circulation (RC) drilling program at the Wolfe Basin Project in Western Australia’s Kimberley region, focusing on key targets highlighted by recent IP surveys. Legend Mining assays up to 24.7 metres at 1.35% nickel in Mawson diamond hole Legend Mining Limited (ASX:LEG) assays of up to 24.7 metres at 1.35% nickel, 0.77% copper and 0.11% cobalt from 219.2 metres confirm visual observations of nickel-copper sulphide mineralisation at the Mawson prospect within Rockford Project in WA’s Fraser Range. DomaCom partners with BlueCHP to deliver $250 million in affordable housing for essential workers DomaCom Limited (ASX:DCL) has partnered with leading Australian community housing provider (CHP) BlueCHP Limited, to deliver up to $250 million in affordable housing for essential workers in 2021. Carnavale Resources' systematic exploration at Kookynie Gold Project well underway with priority 1 soil sampling completed Carnavale Resources Ltd’s (ASX:CAV) (FRA:YBB) systematic exploration program at Kookynie Gold Project, 60 kilometres south of Leonora in the West Australian Goldfields, is well underway, with priority 1 soil sampling in areas of interest completed. Zelira Therapeutics partners with Emyria for autism observational trial for HOPE products Zelira Therapeutics Ltd (ASX:ZLD) (OTCQB:ZLDAF) (FRA:G1G) has entered into an agreement with Emyria Ltd (ASX:EMD), to conduct an observational trial for patients diagnosed with autism spectrum disorder (ASD) treated with Zelira’s HOPE™ range of products.

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