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Highlights:
MTM Critical Metals surged after reporting recovery of ultra-high-grade precious metals from e-waste
Information Technology led sector growth, with Energy and Discretionary stocks following
Waypoint REIT gained after collaboration update with Viva Energy Australia
The ASX 200 closed firmly higher, buoyed by widespread strength across key sectors. Information Technology spearheaded the move, followed by notable advances in Energy and Consumer Discretionary stocks. Market sentiment appeared responsive to several material updates across a range of listed entities, with gains concentrated in select names tied to technological innovation and strategic partnerships.
Technology Stocks Lead with Strong Performance
The standout sector was Information Technology, which experienced significant gains across the board. This rally was further underscored by the performance of MTM Critical Metals (ASX:MTM), which advanced after achieving an ultra-high-grade recovery of gold and silver from electronic waste. The process involved the use of proprietary flash joule heating, marking a notable advancement in recycling technology. The company’s shares climbed notably by the end of the session, reflecting enthusiasm surrounding the technological milestone.
The uptick in Information Technology was accompanied by strength in Energy and Discretionary segments, aligning with broad momentum across the index.
Healthcare Sees Modest Gains
Cochlear (ASX:COH) edged higher after confirmation that its products will remain exempt from newly announced tariffs introduced by the United States government. The news provided reassurance amid ongoing global trade discussions. Shares closed with a modest increase, contributing to a stable session for the healthcare segment.
Real Estate Activity Rises on Network Conversion Plans
Waypoint REIT (ASX:WPR) posted an uptick following an announcement regarding collaborative efforts with Viva Energy Australia (ASX:VEA). The two entities are working to convert their fuel and convenience locations to the “On The Run” model, a move that aligns with broader consumer trends in the service station landscape.
This development provided momentum to Waypoint REIT shares, which ended the day in positive territory.
Select Resource Stocks Experience Setbacks
Arika Resources (ASX:ARI) saw downward movement after releasing results from its initial diamond drilling campaign at the F1-Fault prospect. The program is part of the Yundamindra Gold Joint Venture located in Western Australia's Eastern Goldfields. While updates from exploration efforts were made public, the market response was negative, and shares finished lower.
Ex-Dividend Status Impacts Building Materials Sector
Brickworks (ASX:BKW) experienced a minor drop after going ex-dividend. The stock remained relatively stable through the trading session, with only a marginal decline reported by the close.
Corporate Transactions Drive Movement in Software Sector
Bigtincan Holdings (ASX:BTH) ended the session lower following final approval by the Supreme Court of New South Wales for a complete acquisition by Big Wombat, a fund under the management of Vector Capital. The transaction was valued per share at the previously agreed price point. Bigtincan shares settled at that figure by the end of trading.
This development capped off a session where select corporate activity had measurable impacts across the ASX 200, highlighting the influence of legal and structural decisions on stock valuations.
