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The ASX200 is trading above expectations, up 0.35%.
The discretionary sector leads the way, up 1.1%. Utilities is up just short of a per cent. IT, on the other end, has taken the biggest hit, down around 0.4%
Biotechnology company PYC Therapeutics (ASX:PYC) is up 5% following the announcement of its fourth drug discovery program, which targets the underlying cause of Phelan-McDermid Syndrome, a severe neurodevelopmental disorder.
PYC is focused on developing a pipeline of first-in-class precision medicines aimed at patients with genetic diseases who currently have no available treatment options.
PYC has been trading 0.3% up at 10.5 cents.
SkyCity Entertainment Group (ASX:SKC) Adelaide has been ordered by the Federal Court of Australia to pay a $67 million penalty following AUSTRAC’s civil penalty proceedings for breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
This development is part of the recent regulatory scrutiny on casinos.
SKC has been trading at $1.39.
Critical minerals company, Tivan (ASX: TVN) has announced a Strategic Alliance Agreement with Japanese company, Sumitomo Corporation (SC).
The agreement allows for the negotiation of a joint venture for the Speewah Fluorite Project in Western Australia.
The Speewah Fluorite Project is seen as an opportunity to provide a long-term supply of high-grade fluorite for semi-conductor manufacturing and the electric vehicle battery supply chain.
TVN has been trading 16% up at 6.5 cents.
And, Kingsgate Consolidated (ASX:KCN) is up after announcing its first gold pour at its newly refurbished Plant #1 at the Chatree Gold Mine in Thailand.
The first four doré bars were poured successfully, with the elution circuit and refurbished gold room performing well.
KCN has been trading 3% up at $1.82.
