Wednesday’s HotCopper Trends: CXO drilling, new Ovanti partnership | March 12, 2025

The Market Herald
12 Mar

The ASX has collapsed through morning trade today, dropping 1.2% to 7,795 points.

The local bourse has entered correction territory after U.S. President Trump ruled out tariff exemptions on Oz steel and aluminium. Discretionary was the poorest performing sector, down 2.3%, followed by Industrials, down 1.8%.

Utilities has been the only Australian sector to gain ground, up 0.7%.

Heavyweights CBA and BHP were aggressively sold down 1.4% and 1.2% respectively.

Looking to the forums, Core Lithium (ASX:CXO) has been among the most watched on HotCopper today. The company posted encouraging results from drilling at its Mt Shoobridge in the Northern Territory.

Also trending has been Ovanti (ASX:OVT) after it entered a strategic partnership with BNPLPay Protocol, a blockchain-based lending platform for the BNPL sector.

Rounding out the most discussed stocks was Meteoric Resources (ASX:MEI) after it increased its Mineral Resource to 1.1 billion tonnes. This reinforces the company’s tier one status within global rare earth markets.

More market news

Together: The U.S. has suspended aid to Ukraine. Will Europe step into the breach?

Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst

Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.

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