S&P/ASX 200 rallies to gain more than 3.5% this week

S&P/ASX 200 (INDEXASX:XJO) has bounced back from yesterday’s losses, with the index up 1.04% to 6,836 by about 1.43 pm. Local stocks are gaining for the fourth time in five days and are up ~3.5% this week. “Many moving parts to recovery” Reserve Bank Governor Philip Lowe was answering questions from a House of Representatives committee for economics today morning on the broader outlook for Australia and post-COVID-19 economic recovery. Dr Lowe explained there are many moving parts to the recovery and said border shutdowns are affecting the tourism and education sectors and are likely to for some time. He added: “In the face of all these moving parts, the housing market has been more resilient than expected and this has been helpful in terms of the overall economy.” Top gainers Today’s top gainers on the ASX include Alta Zinc Ltd (ASX:AZI) (+20.00%), YPB Group Ltd (ASX:YPB) (+50.00%), Davenport Resources Ltd (ASX:DAV) (+13.33%), Emperor Energy Ltd (ASX:EMP) (+54.17%), Carnavale Resources Limited (ASX:CAV) (+11.11%), CardieX Ltd (ASX:CDX) (+11.11%) and Tyranna Resources Ltd (ASX:TYX) (+16.67%). Proactive news headlines: Lotus Resources scoping study for the Kayelekera Project supports a viable long-term uranium operation Lotus Resources Ltd (ASX:LOT) has completed a restart scoping study in December quarter that confirms the potential for the Kayelekera Project in Malawi to support a viable long-term uranium operation and also identified multiple near-mine exploration targets. Emyria wins digital health monitoring grant with UWA Emyria Ltd’s (ASX:EMD) advanced remote monitoring digital health platform and service - Openly - will play a central role in a recently awarded grant from Western Australia’s Future Health Research and Innovation Fund. Orthocell’s CelGro® Dental recommended, ahead of expectations, for inclusion on the Australian Prosthesis List Orthocell Ltd’s (ASX:OCC) CelGro® Dental, which was recently renamed Striate+, has been recommended, ahead of expectations, for inclusion on the Australian Prosthesis List (PL), which paves the way for reimbursement by private insurers. AVZ Minerals drills further high-grade lithium and tin mineralisation directly beneath the historical floor pit at Roche Dure AVZ Minerals Ltd (ASX:AVZ) (OTCMKTS:AZZVF) (FRA:3A2) has received further high-grade lithium and tin mineralisation from its mineral resource drilling at Roche Dure, the Manono Lithium and Tin Project in the Democratic Republic of Congo. Alto Metals’ step out drilling intersects gold in every drill hole at Vanguard Sandstone Gold Project in WA Alto Metals Ltd’s (ASX:AME) step-out reverse circulation (RC) drilling at the Vanguard Camp, about 8 kilometres north-west of the Lords Corridor, has intersected gold in every drill hole. Blackstone Minerals ends December quarter with key several initiatives that could boost growth in the year ahead Blackstone Minerals Ltd (ASX:BSX) (OTCMKTS:BLSTF) (FRA:B9S) has ended the December quarter with key initiatives to restart production at Ta Khoa Nickel-Copper-PGE project in Vietnam along with strong cash position, which could boost growth in the year ahead. Creso Pharma set to benefit as regulatory shifts on cannabis and broadened global footprint underpin growth Creso Pharma Ltd (ASX:CPH) (FRA:1X8), which saw rapid growth in its December quarter with a number of major milestones in the international markets, is set to benefit from the changing global attitudes to cannabis.