It was a green day all over for the market on Tuesday, with the ASX200 outperforming futures to close up 0.86%.
Across all sectors, there was a positive finish. Telecommunications led throughout the day, gaining 1.5%, while Financials followed closely with a 1.2% increase.
In the Green
Telstra (ASX:TLS) closed the day up 2.2%, following its announcement of a nationwide rise in its mobile phone plan costs by $2-$4, set to take effect later this year.
This contradicts earlier claims made in May that prices would remain unchanged through July.
Over the past five years, Telstra’s mobile network has expanded significantly, more than tripling in size, with an annual growth rate of 20%.
TLS closed the day at $3.73.
Solis Minerals (ASX:SLM) surged 28% following on exploration update at the Cinto Project in Peru.
The company completed its initial geochemical program and secured an access agreement with the local community to accelerate drilling efforts.
Surface grab samples assays showed copper concentrations as high as 7.14%.
SLM closed the day at 11 cents.
Micro-cap Killi Resources (ASX:KLI) gained 83.7% on assays from surface rock chip sampling which returned high-grade gold and copper results at its Mt Rawdon West Project.
Results extend the current mineralisation over 1.8km. Exploration field programs continue with surface mapping and an IP survey currently underway, with a maiden drill program to follow.
KLI closed the day at 7.9 cents.
In the Red
Health care company, Mesoblast (ASX:MSB) is down 2.2%, on news it has to resubmit an application to the FDA.
Mesoblast was told by the US regulator in March that the Phase 3 trial data for its drug Ryoncil was insufficient to grant an approval.
Mesoblast has resubmitted a biologic license application (BLA) in response.
MSB closed the day at $1.10.
Sunrise Energy Metals (ASX:SRL) dipped by half a percent on the appointment of GR Engineering Services to update the 2016 Feasibility Study for its Syerston Scandium Project in New South Wales.
The study aims to revise capital and operating cost estimates.
SRL closed the day at 49 cents.
