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Uranium stocks outshine earnings on big results day

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The S&P/ASX 200 Index was headed for a 0.7 per cent rise to 7044 points. Paladin Energy rallied 11.8 per cent to 82.2¢.

The prospect of Japan restarting nuclear power fuelled a rally in the ASX's uranium stocks on Thursday.The Washington PostP/ASX 200, Deep Yellow rose 17.7 per cent to 90¢ and Bannerman Energy 15.9 per cent to $2.11.

Insignia Financial, formerly known as IOOF, was the standout profit result climbing 11 per cent to $3.52. Underlying profit after tax was $234.5 million, an increase of 59 per cent, as it realised the scale added by itsQantas Airways rose 5.5 per cent to $4.79 after a better than expected result that delivered a $400 million share buyback.

 

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