The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

The ASX200 closed down 0.3% at 7,988 points.

The US Presidential debate between Trump and Harris had little affect on the Aussie market, but did see US futures fall slightly lower.

Eight out of the eleven sectors were down, with Financials, Energy and Information Technology all falling around 1.4%. Materials finished in the green, up around 1.7% and Utilities, up 0.6%.

In the Green

Chris Ellison’s Mineral Resources (ASX:MIN) closed up more than 16% after the Foreign Investment Review Board conditionally approved the sale of its 49% interest in the Onslow Iron haul road.

The company expects to receive $1.3 billion on deal closure.

Mineral Resources closed at $35.28.

Pilbara Minerals (ASX:PLS) finished up more than 13.7% despite there being no news out of the lithium giant today. Lithium stocks climbed today after reports Chinese battery giant CATL suspended production.

Pilbara Minerals closed at $2.68.

Genetic Technologies (ASX:GTG) closed up 7.5% after partnering with Chicago-based CancerIQ, a digital platform that aids healthcare institutions in cancer prevention.

The collaboration kicks off CancerIQs growth into polygenic-integrated clinical risk prediction, enhancing the identification of high-risk patients across 45 healthcare systems and 250 clinics.

Genetic Technologies closed at 4.3 cents.

In the Red

REA Group (ASX:REA) finished down around 2.5% after its proposed acquisition of UK property listings company Rightmove was knocked back. 

REA told investors the Rightmove board ejected the $11 billion deal.

REA closed at $197.50.

NextDC (ASX:NXT) wrapped up down more than 5.5% after successfully completing a $550 million institutional placement.

The funds have been ear marked for the acquisition of new data development sites in Asia.

NextDC closed at $16.85.

And Karoon Energy (ASX:KAR) closed down around 2.7% in reaction to the imminent closedown of the Who Dat oil and gas assets in the Gulf of Mexico.

The advancement of Hurricane Francine was the catalyst for the closure.

Karoon Energy closed at $1.43.

More From The Market Online
Mt Cattlin is a producing lithium mine located in WA.

‘Best for value’: Rio Tinto is quickly downsizing its once-grand Aussie lithium plans

Rio Tinto has given up 150,000 hectares in WA and will soon offload Mt Cattlin as…
The Market Online Video

ASX Market Open: Tech fumble on Wall Street to seep into Week 51 opening | Dec 15

ASX today – Australian shares are heading for a Monday fall, with futures down as much…

‘Comprehensive’ data hunt leads Ore Resources to 10 broad new prospect gold targets around Randalls South

Ore Resources has uncovered as many as ten broad new prospective targets at the Randall South…
The Market Online Video

HotCopper Highlights, Week 50: 4DX above $2/sh, Nanoveu, Ovanti & more

Good Afternoon and welcome to HotCopper Highlights wrapping up Week 50 of the year, I’m Jon Davidson.