Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 has traded fairly flat today, kicking off Week 34 on an ambivalent note.
Telecommunication was by far the best performing sector, followed by Real Estate, Financials and IT.
Energy was the worst performing sector, followed closely by Materials.
In the Green
Latrobe Magnesium (ASX:LMG) rocketed higher today after receiving the EPA green light to launch its Stage 1 Demonstration Plant in Hazelwood North.
Astute Metals (ASX:ASE) was in the green on news it’s kicking off a reverse circulation drilling campaign at its Red Mountain Lithium Project in Nevada.
And, 88 Force (ASX:88E) has been exciting investors leading into Monday’s close after chalking up a deal to sell its 75% interest in Project Longhorn in Texas to Lonestar for as much as US$3.3 million.
In the Red
BlueScope (ASX:BSL) retreated as it continued to digest the conundrum of what to do with Sanjeev Gupta’s failed Whyalla Steelworks.
Black Canyon (ASX: BCA) was trading flat leading into close after resuming its third drill program at the Wandanya Project. The drill targets an impressive high-grade manganese and iron discovery that extends over three kilometres of strike length.
And finally, Kogan (ASX:KGN) was sold off through Monday after the company booked an impairment of the goodwill connected to its Mighty Ape brand in New Zealand.
