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The ASX200 closed fairly flat at 8,103 points.
Tomorrow sees the release of crucial Q2 growth numbers and analysts will slice and dice the data in an effort to predict the RBA’s next interest rate move.
The Staples sector was aggressively sold down shedding 1.9%, Materials lost 1.4% and Utilities around 0.7%. On the other hand, Information Technology was the best performing sector, up 1.2%, followed closely by Financials which gained around 0.9%.
In the Green
Firefly Metals (ASX:FFM) closed up around 3.25% on high grade copper and gold assay results from its mine in Canada. The company has four drill rigs working underground and will release an update in October.
Firefly Metals closed at 95 cents.
Biome Australia Ltd (ASX:BIO) has shot up more than 14% on updated Q1 FY25 revenue guidance. The company now expects a record quarter with revenue expected to exceed $4 million.
Biome Australia closed at 72 cents.
And Noxopharm (ASX:NOX) closed up around 9.5% on significant drug candidate updates.
The novel brain cancer drug candidates were shown to substantially reduce tumour growth. And the company’s leukaemia drug candidate can overcome drug resistance.
Noxopharm closed at 11.5 cents.
In the Red
Magnetite Mines (ASX:MGT) has finished down more than 13% on launching a $4.1 million capital raise priced at 20 cents per share to progress its Razorback Iron Ore project in South Australia.
Magnetite Mines closed at 20 cents.
S2 Resources (ASX:S2R) closed down more than 18% after an update on its Glenlogan diamond drilling project in the renowned Lachlan Fold Belt of New South Wales. Investors were underwhelmed with the update and sold off the stock.
S2 Resources closed at 9 cents
Nickel Industries (ASX:NIC) shed around 3% after updating investors on its 44% owned Nickel Cobalt project in Indonesia.
The update reveals long lead items to arrive by the middle of this month, it has completed engineering and design work on its slurry pipeline and in-pit tailings, and it has finished earthworks and footings.
Nickel Industries closed at 79 cents.
