Solid gains on the ASX led by banks, tech and large resources stocks. Gold shares slump now that the trade seems close to a partial resolution.
S&P/ASX 200 Intraday
Polynovo (PNV) surges 11.8% after confirming that its NovoSorb BTM has been granted a certificate of conformance approval for sale throughout UK/Ireland and the European Union.
Shares in rare earths miner Lynas Corporation (LYC) jump 8.9% on reports that the US military intends to pay for much of the construction of its planned processing plant in Western Australia. However Lynas' management warned shareholders it has not yet won the tender.
Sigma Healthcare (SIG) climbs 3.9% after saying that its new first-line agreement with the My Chemist/Chemist Warehouse Group 'will result in Sigma's annualised sales increasing by $700-800 million when at full run rate, which is expected to be from 1 July 2020.'
S&P/ASX Sector Indices (% change)
Pushpay Holdings (PPH) rallies 4.5% acquiring rival donor management system provider Church Community Builder for US$87.5 million.
Cimic Group (CIM) adds 2.6% after announcing a further on?market share buy?back of up to 10% of CIM's fully paid ordinary shares for a period of 12 months commencing on 29 December 2019.
The Citadel Group (CGL) gains 3.6% after securing a contract extension from Queensland Health for its Auslab system through to 2029.
Z Energy (ZEL) plunges 11.6% after forecasting 'a reduction in operational performance' for the remainder of FY20 due to 'the negative impact of low refining margins and continued price discounting in the retail fuel market.'
Speedcast International (SDA) gains 3.4% despite news that it will be removed from the S&P/ASX 200 index by Standard & Poor's.
ASX Market Moving Stocks
Wall Street closes virtually unchanged as the initial enthusiasm for the US-China trade deal dissipates as analysts question the lack of detail.
US retail sales up 0.2% in November 2019 (consensus: 0.5%). Excluding autos, sales were up 0.1% (consensus: 0.4%).