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The ASX200 has closed up 0.22% at 8110 after shaking off early losses.
Sectors were a hodgepodge with Financials the best performer, up 1.15%, followed closely by Energy 1.1%. Materials was the worst performer, down around 1.1% and Telecommunication down point nine of a percent.
Notably, the ASX’s biggest company – Commonwealth Bank – hit yet another record high, closing up 1.7% at $141.86 per share. The stock continues to climb despite some analyst uncertainty on what’s driving gains.
Otherwise, all eyes are Q2 GDP numbers out on Wednesday.
In the Green
Online luxury goods play Cettire (ASX:CTT) was the market leader and closed up 31%.
Analysts at Bell Potter have maintained a speculative buy rating on the stock. Cettire delivered FY24 in line with expectations, but recently missed consensus and its own guidance on adjusted EBITDA.
Cettire closed at $1.38.
Raiden Resources (ASX:RDN) closed up 11.5% as the company confirms its Andover South lithium tenement was approved. The Programme of Works is expected to be approved in mid-October.
Raiden Resources closed at 2.9 cents.
In biotech, market darling Imugene (ASX:IMU) jumped nearly 10% heading into market close on the back of fresh results from its ongoing blood cancer trials using azer-cel.
The product, similar to a stem cell treatment, saw tumours temporarily disappear in 3 of 10 patients presenting with a treatment-resistant form of non-hodgkin’s lymphoma.
Imugene last traded at 6.8 cents.
In the Red
Genesis Minerals Ltd (ASX:GMD) has seen its share price fall by around 3% as it reported upgraded expectations for gold production in the 2025 fiscal year, in addition to a fast-tracked opening for its Laverton mill in WA.
The company told investors the mill would open in October 2024 – six months ahead of schedule – and that FY25 production would sit within the range of 190,000-210,000 ounces.
Genesis Minerals closed at $2.20.
Red 5 (ASX:RED) closed down around 7.3% in a sea of red for miners.
Red 5 did not have any news out today, but according to its FY24 final results reported on Thursday, guidance for the following year indicated a 13% blowout in costs. The company also told investors last Monday that it would be changing its name to Vault Minerals.
Red 5 closed at 31.5 cents.
And property-focused digital advertising group REA Group (ASX:REA) has seen its share price fall 5.3% on news it’s considering an acquisition of Rightmove plc – a company listed on the London Stock Exchange.
Rightmove – which has a market cap of 4.4 billion British pounds – is the UK’s largest online property portal, rightmove.co.uk. However, REA says it has not yet approached the company about the potential cash and shares offer.
REA Group closed at $207.44.
