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The ASX200 closed the day down a third of a per cent, weighed down mostly by IT with Healthcare and Materials battling valiantly at the other end of the food chain.
Healthcare led the gains, up more than a per cent, followed by materials, just under a per cent.
Today we’ve honed in on news – and the impact thereof – from Electro Optic Systems, Aspire Mining, Caspin Resources, Wisetech Global, SomnoMed and Wildcat Resources.
In the green
Defence and space company Electro Optic Systems (ASX:EOS) was up 0.03 of a per cent after completing a debt repayment amounting to $20.5 million – right on schedule.
This means the company has now repaid 50 per cent of the principal amounts it owed to Washington H. Soul Pattinson and 100 per cent of the working capital facility amounts.
EOS closed at $1.66.
Aspire Mining (ASX:AKM) was up nearly 3 per cent, after it received approval from the Road and Transportation Development Centre (RTDC) for the company’s design of a proposed road to be constructed in support of the Ovoot Coking Coal Project (OCCP) in north-western Mongolia.
Construction of this mixed-use road will also support existing agricultural and tourism industries in the region.
AKM closed at 20c.
Caspin Resources (ASX:CPN) shot up nearly 22 per cent on a Joint Venture agreement with Australian Strategic Materials (ASX:ASM) in which Caspin will farmout and retain a 25% free carry of the Rare Earth Element (REE) rights on the Mount Squires Project in Western Australia.
The agreement aligns with Caspin’s focus on nickel, copper and gold potential at Mount Squires whilst retaining exposure to its Rare Earth potential.
CPN closed just under 9c.
In the red
Tech giants struggled today. The sector lost 1.2 per cent with Wisetech Global (ASX:WTC) shedding nearly 3 per cent whilst Xero (ASX:XRO) was trimmed by more than a per cent.
Wildcat Resources (ASX:WC8) shed more than 1,5 per cent despite announcing a new lithium discovery at Tabba Tabba in Western Australia.
Wildcat named it the ‘Luke’ discovery.
The best intercepts include 41 metres at 1% lithium oxide, but from a depth of 276 metres.
WC8 closed at 63c.
And breathing disorders developer SomnoMed (ASX:SOM) was down nearly 47 per cent on its capital raising.
Its institutional entitlement offer was completed yesterday. SomnoMed raised $5.8 million with shares priced at 21 cents.
It will look to raise another 16.8 million through a retail entitlement offer later in the week.
SOM closed trade below the raise price at 20 cents.
