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EML Payments rose 10.5%; Deep Yellow up 9.22% as commodity prices lift mining and energy stocks.

The ASX rose 0.3% to finish the trading day up 25 points to 7479, with higher commodity prices lifting mining and energy stocks as inflation concerns continue to worry Wall St.

Uranium exploration company Deep Yellow has led miners on the ASX today, rising 9.22% to reach $1.125 a share.

EML Payments has led the way in the global payments sector and closed the day 10.5% higher on reports a global private equity giant is showing an interest.

Bitcoin is trading higher at US$40,000 as of 5pm AEDT.

The Aussie dollar is firmer against the major currencies and is buying around 74.5 US cents.

EML Payments has been the standout mover on the ASX today as its shares rose 10.5% to $2.94. It comes as reports surface that the almost billion dollar baby has been in talks with a global private equity giant, which has fuelled predictions it could be the next target in the wave of M&A in the global payments sector.

Making headlines, uranium explorer Deep Yellow is the second-best performer on the ASX today, rising 9.22% to reach $1.125 a share. It follows an announcement last week that rival Vimy Resources will merge with the company in an all-stock deal worth $658m.

And, Elon Musk is being sued by former Twitter shareholders who claim they have missed out on the recent rising stock price, claiming the entrepreneur waited too long to disclose his stake in the company. The Tesla CEO bought a 9.2% stake in Twitter in March.

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