Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 slipped into the red, to close down 0.15% today, amid increased conflict in the Middle East.
This drove most sectors down, but bolstered the oil price, with Energy the strongest sector on market, up more than 2.6%.
In the Green
With that, Woodside (ASX:WDS) recovered some of its recent losses, to close the session up about 3.42% at $25.99,
And Santos (ASX:STO) rose to $7.20 with news it signed a new 3-year half a million tonne LNG supply agreement with Asian company TotalEnergies.
Syrah Resource (ASX:SYR) was a big mover today, up more than 27.45% a day after it held its quarterly activities results conference call.
The Mozambique graphite company closed at 32.5 cents.
In the Red
Meanwhile, Auric (ASX:AWJ) was down 11.27% (to 31.5 cents) despite reporting that sales from its second milling campaign for the year from the Jeffreys Find gold mine in WA had reached $23.5 million, from production of 6,295 ounces.
Qantas (ASX:QAN) was also having a bad day, with shares falling 3.00% (to $6.96). This came one day after it was reported that Qatar Airways will acquire a 25% stake in Virgin Australia, planning international routes for the carrier, with this posing a challenge to Qantas’ dominance.
Finally, the Car Group (ASX:CAR) was down 3.10% (to $36.23), despite having no news out.
