Norwood Systems (ASX:NOR) shares surged to A$0.040, representing an 11.1% increase, marking their highest value since February 23.

The communication specialist revealed that it has initialized a group master supply agreement with Singapore Telecommunications.

Norwood Systems aims to finish a proof of concept that uses its CogVoice platform to showcase voicemail capabilities.

This considerable intraday gain is the largest for the company since July 7.

Notably, as of the last close, Norwood’s stock has seen a 50.5% rise year-to-date.

Norwood Systems is a leading telecom firm that creates and sells unique smartphone applications for telecommunications and social sharing.

Shares of Australia’s second-largest bank, Westpac Bank (ASX:WBC) decreased 1.1% to A$21.2, showing their worst intraday loss since October 4.

The bank announced Steven Gregg as the new chairman.

Gregg currently serves as the chairman of local fuel retailer Ampol.

Gregg is poised to take the reins from veteran banker John McFarlane.

Westpac’s stock has seen a decrease of 8% this year, as of its last closing.

Westpac Bank is Australia’s second-largest bank with a diverse array of financial services.

Shares of Jindalee Resources (ASX:JRL) have dropped to their lowest level since February 19, 2021, slumping by as much as 18.6%.

The lithium mining company announced it is undertaking a capital raising effort with the goal of securing up to A$5.5 million.

The issue price of A$1.40 per share registers an 18.6% discount to the closing price on October 11.

The funds obtained from the capital raising will be appropriated towards advancing the exploration and development of McDermitt lithium project, among others.

This slump has marked the company’s largest intraday percentage loss since April 12, 2021.

Following the recent stock market close, Jindalee Resources' stock is down 8.8% year to date.

Jindalee Resources is an Australian company focused on lithium mining and exploration.

Shares of Australian mining explorer, Maximus Resources (ASX:MXR), experienced a significant rise, as steep as 17.9% to A$0.033.

This signifies their most significant intraday leap since the 18th of July.

Their stock is at its highest point since August 18.

Maximus Resources announced a Lithium farm-in agreement with Korea Mine Rehabilitation and Mineral Resources Corporation (KOMIR) and a non-binding Memorandum of Understanding (MOU) with LG Energy Solution.

The agreement and MOU pertain to Maximus Resource’s Lefroy lithium project in Western Australia.

According to Maximus Resources, KOMIR has agreed to fund $3 million of lithium exploration and will earn a 30% interest in a lithium joint venture across Maximus Resource’s Lefroy project.

In addition, the non-binding MOU provides the global battery manufacturer, LG Energy Solution, with the option to acquire KOMIR’s 30% interest in the lithium joint venture.

Maximus Resources' stock has dropped 30% Year To Date (YTD) at the time of the last closing.

Maximus Resources is an Australian mining explorer primarily focused on exploring and mining lithium.

According to analysts at Macquarie, Ampol (ASX:ALD), an Australia-based fuel retailer, is projected to experience a strong third quarter, courtesy of robust refining margins.

Ampol’s stocks noted a 0.54% increase, clocking in at A$31.94.

Assuming refinery volumes of 1.55 barrels per litre, Macquarie foresees a smooth operational quarter for Ampol at its Lytton refinery.

The financial firm anticipates an EBIT of A$166 million ($104.73 million) for Q3, which might put Ampol on course for the most successful quarter since a record-breaking Q2 2022.

Macquarie also discussed Ampol’s competitor, Viva Energy, suggesting its refining margins at Geelong operations could offer insight.

However, they foresee a drop in margins for Viva.

Both companies received an ‘outperform’ rating from the brokerage.

Ampol is a leading fuel retailer in Australia, known for its operations in fuel infrastructure and marketing.

Shares of LCL Resources (ASX:LCL) surged as high as 3.6% to reach A$0.029, marking their highest level since October 3.

The company is poised for a second consecutive day of gains, assuming the trend continues.

Furthermore, over 1.6 million of its shares were traded, in comparison to the 30-day average of 550,280 shares.

LCL Resources announced that it secured a pivotal environmental license for the Miraflores deposit at Quinchia gold project in Colombia.

Further, the company has successfully embarked on the process of securing consent from the remaining 10 private landowners.

As of the last close, LCL Resources stock has declined 51% this year.

LCL Resources is a company involved in mining operations, with a particularly strong focus on gold deposits.

Solis Minerals (ASX:SLMN) recently posted a quarterly loss amounting to C$5 million.

The disappointing fiscal results came into light during an official announcement made by the company.

Solis Minerals is a mining corporation focused on the discovery and development of precious and base metal prospects.

Fletcher Building shares took a nosedive, as they declined by a striking 14.1% to NZ$4.190, marking their largest intraday percentage loss since October 28, 1997.

The construction materials manufacturer, on Friday, refuted the allegations of defective pipes.

They reported that the plumbing issues in several homes in Western Australia, constructed by a local firm, were a result of shoddy installation rather than manufacturing flaws in the pipes they provided.

The company has gathered evidence indicating that the costs of repairing the defective Perth houses may lie between NZ$50 mln ($29.53 mln) and NZ$100 mln.

Notably, J.P.

Morgan lowered its price target to NZ$4.90 from NZ$5.60, but maintained an ‘overweight’ rating on the shares.

J.P.

Morgan suggests viewing any imminent share price instability as an investment opportunity, as potential signs of stabilization in the New Zealand’s real estate market was viewed as outweighing potential slide from the Iplex issues.

Citi, on the other hand, estimates outflows to be less than around NZ$50 mln per year for a maximum duration of five years.

Shares incumbently hit their lowest point since November 2, 2020.

The stock of Fletcher Building was up 3.4% YTD, as of the last close.

Fletcher Building is a New Zealand-based firm specializing in the manufacturing and distribution of construction materials.

Pengana Capital Group (ASX:PCG) recently released its records for the funds under management for the period until September 30.

The firm reported handling funds worth A$2,974.2 million, a notable decrease from the previous month’s figure of A$3,048.1 million as of August 31.

Pengana Capital Group is an Australian investment management firm focusing on helping investors achieve their financial goals.

Shares of Australian medical cannabis firm ECS Botanics (ASX:ECS) rose by as much as 8.3% to A$0.026, marking the largest intraday percentage gain since October 3rd.

The company has reported 106,000 units of medicinal cannabis oils ordered during the September quarter, which is a record figure.

ECS Botanics also noted that they are experiencing a particularly sharp increase in demand for their medicinal cannabis oils, signaling potentially sustained growth in this market niche.

Their quarterly revenue reached A$4.1 million, an increase of 78%, resulting in a positive net operating cash flow for the quarter.

Despite volatility, ECS Botanics has seen a 20% increase in their shares this year up to their last closing.

ECS Botanics is an Australian company that develops, produces and sells medicinal cannabis oils.