Cold Weld Spray Technology
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Market Close: Aussie bond yields jump as RBA cut clearly far off; gold hype cools lithium stocks
The Market Onlineยท 2025-12-02 03:31
Market Overview - The local share market remained flat, with the XJO index staying within the 8,500 points range and not reaching 9,000 points since late October, indicating a lack of a Santa Rally [2] - Australian bond yields reached nearly year-long highs, influenced by the RBA cash rate remaining stable [3] Sector Performance - Energy and materials sectors led the gains on Tuesday, while real estate also performed well, driven by Goodman Group [3] - IT sector lagged, reflecting trends from Wall Street [3] Company Highlights - African Gold surged after announcing its acquisition by Montage Gold, with market reaction delayed due to an ASX announcement outage [4] - Titomic's stock jumped 15% following successful tests of its cold spray additive technology [4] - Tungsten Mining's stock rose after announcing a new exploration target, highlighting tungsten's growing importance as a critical mineral [5] - Zip Co experienced a nearly 10% drop intraday, attributed to profit-taking and repositioning after a strong performance in recent months [5] - Core Lithium's stock fell in line with other lithium stocks, as excitement over lithium benchmarks was overshadowed by rising gold prices [6] - Star Entertainment Group's shares dropped nearly 7% following board changes, despite initial optimism regarding Bally's directors [6]