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The ASX200 has been down 0.4% at 8,261 points.
Investors reacted with disappointment to the latest Chinese stimulus measures released on the weekend. Declining iron ore and oil prices has adversely affected commodity stocks, as hopes of a strong uptick in Chinese driven demand were dashed.
IT and Real Estate have been the best performing sectors, both up 1%, followed by Health Care and Discretionary, both up around a third of a percent.
Materials has been the worst performer, down 2.4%, followed by Staples, down 1.7% and Energy, down 0.8%.
Company News
Resoulute Mining (ASX:RSG) has been down 30% on news its CEO Terry Holohan and other company executives have been detained by the military controlled government of Mali in West Africa.
Resolute Mining has been 47 cents.
Imugene (ASX:IMU) has been up 4.4% on news its kicked off the injection phase of a trial of its innovative onCARlytics (CF33-CD19) candidate. This pivotal development marks the dosing of the first patient grappling with advanced solid tumours.
Imugene has been 4.8 cents.
Li-S Energy (ASX:LIS) has been up 5.7% on reports it used a twelve-cell lithium sulfur battery pack to power a small UAV for 30 minutes. The fixed wing asset, which doesn’t use quadcopter style propellors and instead was hand launched, stayed airborne for half an hour – and didn’t even use up all the battery’s life.
Li-S Energy has been 23.3 cents.
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