(MENAFN- ProactiveInvestors)
Australian stocks have built on yesterday’s gains with the All Ords rising 43.5 points or 0.8% to 5653.1.
Resources stocks were amongst the biggest gainers with the Energy Index rising 2.2% to 10996.4 points.
Oil Search () is up 2.2% to $7.47 () gained 4.2% to $7.43 and () climbed 2.0% to $35.65.
Market Action here
Freelancer (ASX:FLNASX:FLNASX:FLN/strong> rose 12.9% to $1.49 with 1.1 million shares traded after posting a 41% increase in headline net revenue to $16.8 million for the half-year ended 30th June 2015.
This was driven by strong organic growth with no major acquisitions.
The company had positive operating cashflow of $1.1 million for the period.
As at 30th June 2015 the company held cash and equivalents of a healthy $31.1 million up 54% on the previous period.
It also saw the number of users increase to 16 million.
() jumped 33.3% to $0.08 with more than 2 million shares.
Yesterday the company’s joint exploration initiative with (TSE:FM) resulted in the discovery of a new porphyry copper target in Southern Peru.
First Quantum is capitalised at C$7.5 billion and has seven operating mines globally.
The 5 kilometre circular feature was uncovered in aeromagnetic data with Andean and cross arc structures intersecting the area.
Notably this area of the Southern Peru copper belt is completely covered by recent sediments indicating that prior exploration was ineffective.
() is up 20% to $0.09 while () climbed 13% to $0.13 with 6.5 million shares traded.
Blue Chip Stocks
Major miners
() up 2.5% to $26.54
(ASX:FMG) up 0.5% to $1.89
Newcrest () down 0.4% to $11.31
(ASX:RIO) up 2.3% to $53.00
Big 4 banks
ANZ Bank (ASX:ANZ) up 0.7% to $32.49
() up 0.7% to $87.24
() up 1.1% to $34.54
() up 0.9% to $34.71
Other banks financials and industrials
() up 1.7% to $6.63
() up 1.5% to $13.70
Bendigo and Adelaide Bank () up 0.6% to $13.13
() up 0.7% to $82.20
Suncorp () down 0.5% to $14.12
() up 0.6% to $6.45
Retailers
JB Hi-FI () up 0.5% to $19.44
() up 1.5% to $42.33
Woolworths () up 3.2% to $28.71
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.