Sonder Spotlight 🔦📈

Your weekly roundup of market moves and investor insights 💰

Author

Sonder Management
July 28, 2024 • Reading Time: 5 minutes

ASX Markets

  • S&P/ASX200: Closed up 60.10 points (+0.76%) at 7,921.30, surpassing its 20-day moving average.

  • Top Performers: Karoon Energy Ltd (+5.75%) and Liontown Resources Limited (+5.46%).

  • 5-Day Performance: Index down 0.63%.

  • 52-Week High: 2.01% below.

  • Sector Performance: 7 of 11 sectors higher over the past week.

  • Top Sector: Energy sector up 1.24% for the session, but down 2.38% over the last five days.

Sector map calculated by performance for last 7 days.

S&P 500 Weekly Risers & Fallers

1 week performance of Standard and Poor's 500 index stocks categorised by sectors and industries. Size represents market cap.

Today in History

28th July 1914
Beginning of World War I

Austria-Hungary declared war on Serbia, using the assassination of Archduke Franz Ferdinand as a pretext, which ignited World War I.

Headline Roundup

Gold Digger: These analysts reckon gold's odds on to hit US$3000. You read that right!

Shaw and Partners analysts have ramped up gold price forecasts by 40% in 2025 and 2026, telling investors to get overweight on bullion.

Stockhead

Gold rises after sharp sell-off, focus shifts to US inflation data

Gold prices regained some ground on Friday after falling sharply in the previous session, ahead of key U.S. inflation data.

Reuters

Why ASX investors are backing juniors in Brazil's rare earths scene

Some of the best performing resources small caps from FY24 came from the same place, as ASX juniors pour into Brazil’s rare earths sector.

Stockhead

Why did the Mineral Resources share price just leap 6%?

The Mineral Resources Ltd (ASX:MIN) share price is leaping higher today. Here’s what’s piquing ASX 200 investor interest on Friday.

Motley Fool Australia

Lithium miner goes from boom to bust in under two years but holds hope of revival

After opening to much fanfare, Core Lithium has shut all operations at a Northern Territory mine and is cutting costs until it can get a higher price for its product.

ABC News

ASX Small Caps Weekly Wrap: Who are we blaming it on this week? It’s China again, right?

It was not a great week for the ASX as a US tech sell-off, sinking commodities and a weak Aussie dollar gut-punched us all.

Stockhead

Riversgold Limited (ASX:RGL)

Announcement Highlights

Northern Zone Drilling Underway

  • Drilling underway at the Northern Zone Gold Project.

  • Drilling is to target the shallower, up dip portion of the mineralised system that yielded a significant intercept of 18m at 4.14g/t Au from 36m (NZRC001).

  • Drill spacing has been planned on a nominal 25m grid.

  • Northern Zone is 25km east of Kalgoorlie.

  • Previously announced Exploration Target at Northern Zone Gold Project of 200Mt - 250Mt at a grade of 0.4 g/t Au - 0.6 g/t Au for an Exploration Target of 2.5Moz - 4.8Moz of gold.

Headline Roundup

Riversgold resumes drilling at Northern Zone following up shallow supergene gold

Riversgold Ltd (ASX:RGL) is back on the drills at its Northern Zone Gold Project, 25 kilometres east of Kalgoorlie, Western Australia.

Proactive Investors

ASX Small Caps Lunch Wrap: Who gets to write less for Lunch Wrap this week?

Local markets have fallen this morning, following a dismal Friday on Wall Street and a sell down across several key commodities last week.

Stockhead

Rise and Shine: Everything you need to know before the ASX opens

Good morning, and Happy Monday! Here’s everything you need to know before the ASX opens today.

Stockhead

Riversgold (ASX:RGL) commences drilling at Northern Zone Gold Project

ASX-listed Riversgold has commenced drilling at its Northern Zone Gold Project, situated 25km east of Kalgoorlie, Western Australia.

Grafa

What to Watch

Top Tweets

Hot Copper Commentary

Gold Medal Blunders

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