The Australian market recovered from Monday?s losses to close 0.86% higher on Tuesday at 7341.10 points as investors piled back into materials, metals and mining stocks. Liontown Resources and BHP were the sessions? biggest winners, gaining 6.3% and 5.1% respectively.
The stocks that made headlines today were:
ResApp soared as much as 60% today before closing the session up 35.48% after the digital healthcare solutions company announced positive results for a new novel smart-phone based COVID-19 screening test. The results of a pilot clinical trial of 741 patients (466 COVID-19 positive) recruited in the US and India using machine-learning to analyse the sound of a patient?s cough, was found to correctly detect COVID-19 in 92% of people with the infection.
A2 Milk shares took a hit today after ASX-listed rival Bubs Australia announced it is launching ?Bubs Supreme? an A2 Beta-casein protein infant formula range with advanced premium formulation, a new direct competitor to A2 Milk?s products. Bubs Australia?s products will be available alongside A2 Milk?s products in Coles from May.
And New Hope Corporation jumped 8.5% today after the coal miner released first half results today including a 325% increase in the company?s interim dividend to 17c/share, underlying EBITDA up 583% to $554m, and a 7% increase in total tonnes sold to 5.1Mt.