The ASX200 closed up 0.36% at 8,408 points.
Markets continue to adjust to the new Trump administration, and the Aussie bourse has responded to a better-than-expected tariff outcome by climbing higher for the third consecutive week.
Gold continues to defy gravity and has leapt to a near-three-month high of $US2,772 per ounce. The yellow metal has soared around 2.7% this week.
Discretionary was the top performing sector, up 2.1%, followed by Health Care, up 0.7%, and Staples, up 0.6%. Energy was the worst performer, down 1.1%, followed by IT, down 0.34%.
Genesis Energy (ASX:GNE) closed up 5.1% after a trading update revealed a 4.7% increase in customers over the prior period.
Genesis Energy finished at $2.06.
IGO (ASX:IGO) closed up 0.77% this afternoon after an update on the Kwinana Lithium Hydroxide Refinery. All partners in the refinery have agreed to cease works at the Lithium Hydroxide Plant 2 at Kwinana.
IGO wrapped up at $5.25.
Wesfarmers (ASX:WES) closed up 3.2% on the back of a broker note out of Goldman Sachs today. The broker has upgraded the conglomerate to a buy rating with an improved price target of $78.70.
Wesfarmers closed at $74.66.
Larvotto Resources (ASXLRV) closed down 7.4% after changes to its leadership team aimed at supporting growth at its Hillgrove Antimony-Gold project.
Larvotto Resources closed at 62 cents.
Kogan (ASX:KGN) closed down 15.2% after its latest trading update badly missed market expectations. Citi analyst James Wang says the update revealed a 7% to consensus expectations at the adjusted earnings level.
Kogan closed at $5.07.
Maximus Resources (ASX:MXR) closed down 1.6% after assay results from drill results expanded the resource potential with multiple shallow high-grade intersections.
Maximus Resources closed at 6.2 cents.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.