Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 closed down less than one twentieth of a percent 0.04% at 8,323 points in a flat days trade.
Besieged Mineral Resources (ASX:MIN) Managing Director Chris Ellison told its AGM he deeply regrets his dodgy deals and shady behaviour that have engulfed the company. Mr Ellison says he hates what he’s done and takes full responsibility for his mistakes.
To the sectors, Discretionary has been the biggest loser, down 0.8%, followed by Staples, down 0.7% and Real Estate, down 0.5%
Financials finished the day up 0.3%, followed by Telecommunication, up 0.2% and IT, up 0.12%.
In the Green
Legacy Minerals (ASX:LGM) closed up 5.71% on assay results from drilling at its Fontenoy project in New South Wales. The drill results show continued growth in palladium-platinum mineralisation and potential for this to extend over several kilometres.
Legacy Minerals closed at 18.5 cents.
Pinnacle Investment Management (ASX:PNI) closed up 3.17% following a $400 million raise via a fully underwritten institutional placement. The proceeds will be used to acquire strategic interests in two high quality international asset management firms for $143 million.
Pinnacle Investment Management closed at $22.12.
ActivEX (ASX:AIV) finished up 23.08% on results of the initial exploration of the Aramac Project in Queensland. The company completed geological traverses and sampling across 76 sites targeting rare earth elements and base metals within key geological formations.
ActivEX closed at 1.6 cents.
In the Red
Microcap Forbidden Foods (ASX:FFF) closed down 10% after its new protein product – ‘OMG’ – hit the shelves in over 450 Woolworths stores. OMG stands for Oat Milk Goodness and the coffee protein product is the third product to be stocked at Woolies.
Forbidden Foods closed at $0.009.
Accent Group (ASX:AX1) closed down 11.07% after posting a FY25 trading update. The company reported a 6.8% increase in total group-owned sales, including wholesale sales, but this was not enough to stop investors selling down the stock.
Accent Group closed at $2.25.
Noble Helium’s (ASX:NHE) closed flat on news its drill rig has been delayed in customs attempting to enter Kenya.
Noble Helium closed at 5.5 cents.
-1200x645-380x200.jpg)
