The Mid Market Pulse || Why Is Gold Down By 1% Today?

This is the Mid-Market Pulse show. ASX reclaims 7,100 points for first time since pandemic, Nearmap up 14%.

ASX200 breaches 7,100 level on Wednesday, its highest level since the COVID-19 pandemic-led sell-off triggered in February and March last year.

Firefinch Limited shares are trading higher by over 2% at AUD 0.390 after the company unveiled new plan for the Morila Gold Mine in Mali. The new plan foresees an annual average production rate of 160,000 ounces of gold to 2030.

IkeGPS Group shares were trading in green at AUD 0.860 after the company announced that it has signed an extension to a significant agreement with a Fortune 100 US electric utility to help assess and design its power distribution infrastructure.

Anteotech LTD has announced to raise up to AUD4.0 million through Share Purchase Plan (SPP) by issuing fully paid ordinary share to its eligible shareholders. Eligible shareholders can apply for up to AUD30,000 worth of Shares at an issue price of AUD0.26 per share as the Company aims to raise up to AUD4.0 million in totality through the SPP.

Nick Scali Ltd has released a trading update and profit guidance report as per which, the total written sales orders for the group grew by 52% in H1 FY21. EBITDA for the year ending 30 June 2021 is expected to be around AUD 120 million, while net profit after tax is likely to be in range of AUD 78 million to AUD 80 million, a rise of 85% to 90% on the previous financial year.

Healius said its non-COVID revenue has grown during the second half of financial year 2021. The company’s pathology coronavirus testing reached 3 million total COVID tests during the March quarter. Pengana Capital Group has awarded the management of two global equities strategies to Axiom Investors.

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