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The ASX200 is down a third of a per cent to close the week.
All sectors were in the red, except Consumer Discretionary stocks which pushed ahead, and, healthcare also made gains.
In the Green
And with the rise in Consumer Discretionary stocks, buy now pay later stock Zip Co (ASX:ZIP) shone today – adding 10%.
It’s now up nearly 200 per cent for the year and closed at $1.45.
EFTPOS solutions provider Tyro Payments (ASX:TYR) also did well, adding about 5% to 85 cents.
And Tabcorp Holdings (ASX:TAH) spiked 10% after welcoming the New South Wales Government plans to reform the state’s wagering tax regime, which could align with recent changes in Queensland and Victoria.
It comes just a day after the gambling company was hit with penalties and costs above $370,000 for failing to stop a minor betting more than 30 times between 2022 and 2023 in pubs in Victoria.
Tabcorp closed at 65.5 cents, but despite a better day on market, the stock is still down more than 42 per cent over the past year.
In the Red
Opthea (ASX:OPT) took a steep dive of nearly 25 per cent after raising $171.5 million through a Placement and Institutional Raise.
The company that’s developing treatments for retinal disease and macular degeneration, is raising another $55.9 million through an underwritten retail entitlement that opens next week.
The funds will support Phase 3 data read outs, as well chemistry, manufacturing and preparations for FDA approvals.
The share price plunged below the 40c raise price, to close at 36.5 cents.
Resources royalties company, Deterra Royalties (ASX:DRR), shed about 7 per cent after announcing it’ll halve its dividend payout from 100 per cent of Net Profit After Tax for the final FY24 award, to 50% of NPAT for all future payments.
The company said it wanted balance income returns with capital growth.
Deterra closed at $4.15.
And Triangle Energy (ASX:TEG) recovered after losing more than 4.5% during the day. It announced the sale of its stake in the Cliff Head carbon capture and storage project will go ahead, thanks to approval from the federal Resources Minister Madeleine King.
The approval was a condition of the sale of Triangle’s 78.75% interest in the project to Pilot Energy (ASX:PGY) in a $15 million deal. Triangle promises to concentrate on oil and gas assets in the Perth Basin.
Triangle shares closed flat at 2.1c. Interestingly, trade in Pilot Energy was suspended at 1.8c pending news of capital raising.
That’s Market Close for this week. Have a great weekend. Big week next week – there’ s the MiningNews Select and the International Future of Mining conferences in Perth on Monday and Tuesday, and the next RBA interest rates decision due on Tuesday.
