Market report October 15: ASX higher, big 4 rally, energy sector slumps [Video]

Proactive’s Tylah Tully provides a market wrap for October 14.

The ASX closed 0.79% higher at 8,318.4 points on October 15. Over the past five days, the index gained 1.73%, bringing it to 0.16% below its 52-week high.

Top-performing stocks included Healius, which rose 7.25% to $1.85 and Deep Yellow, which surged 5.65%, closing at $1.49. On the downside, IDP Education fell 7.44% to $13.69 while Treasury Wine Estates declined by 3.34% to $11.88.

Sector performance was mixed, with nine sectors posting gains. Financials led the rally, rising 1.32%, bolstered by the big four banks. Commonwealth Bank increased by 1.8%, Westpac gained 1.6%, ANZ advanced 0.9% and National Australia Bank was up by 1.5%.

Energy was the worst-performing sector, dropping 1.25%, as falling oil prices negatively impacted stocks. Woodside fell by 2.2%, while Santos declined by 1% to $7.11.

Among today’s gains in small caps were Legend Mining Ltd which was 18.18% higher to $0.013, Rumble Resources Ltd up 15.69% to $0.059, Silver Mines Ltd up to 15% higher to $0.115, Orthocell Ltd up to 14.96% higher to $0.73, Provaris Energy Ltd up 14.29% to $0.024, Lunnon Metals Ltd up as much as 11.11% to $0.30, Gold Hydrogen Ltd as much as 10.18% higher to $0.92 and Australian Strategic Materials Ltd 9.92% higher to $0.665.

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