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The ASX200 closed the day down .4 of a per cent, with IT stocks weighing on the market and energy leading the pack with marginal gains at the other end of the spectrum.
The Energy sector tipped the field into positive territory, closing up just over half a per cent.
IT, by contrast, was well off the pace – down almost 1.6 per cent.
Today we’ve focused the spotlight on Mesoblast, Titomic, Race Oncology, CSL, IDP Education and 29Metals.
In the green
Mesoblast (ASX:MSB) had a stellar day and was up 45 per cent after being notified by the US FDA of ‘sufficient results’ to support the submission of the company’s proposed Biologics License Application (BLA) for its remestemcel-L medicine.
The medicine is used to treat paediatric patients with steroid-refractory acute graft versus host disease. Mesoblast intends to file the resubmission next quarter.
MSB closed at 48 cents.
Technology solutions, Titomic (ASX:TTT) was also a winner today – it gained as much as 30 per cent, after securing its largest ever order of its D523 cold spray systems from the Royal Netherlands Army.
The order includes 10 units for $1.28 million, with 9 units to be sent to the Ukraine, to be used to repair battle-damaged defence equipment.
TTT closed at 55 cents.
And cancer-focused company Race Oncology (ASX:RAC) was up more than 3 per cent after being issued a Certificate of Analysis (CoA) for the first current Good Manufacturing Practice (cGMP) batch of its Bisantrene drug ‘RC220’.
The certificate confirms that the drug is eligible for human use.
RC220 is designed to facilitate the safe administration of bisantrene through peripheral vein intravenous (I41.37V) infusions.
RAC closed at $1.37.
In the red
Tech giants struggled today, the sector lost more than 1 and a half per cent – with Wisetech Global (ASX:WTC) and Xero (ASX:XRO) both shedding more than 2 per cent.
Elsewhere, International students services provider IDP Education (ASX:IDP) lost nearly 5 per cent after appointing Kate Koch as the company’s new chief financial officer (CFO).
She comes onboard with vast international experience. However, she won’t be commencing with IDP until October and the CFO role will continue to be shared for the next 6 months.
IDP closed at $17.52
And 29Metals (ASX:29M) was down 25 per cent, after the company suspended operations at Capricorn Copper site in Queensland due to flooding causing rising water levels on site.
This is the third mine in Australia this month to be affected by heavy rainfall.
29M closed at 40 cents.
