ASX Market Close: Energy recovers Week 10 losses

Good afternoon and welcome to HotCopper’s Market Close, I’m Jonathon Davidson.

The ASX remains below the 8,000pts mark as uncertainty on Wall Street tanks sentiment down under.

Energy was the best performing sector up 1.5% while telecoms fared worst, down -0.7%.

Looking at companies in the green,

Larvotto Resources was the day’s biggest gainer after being rebalanced on the index last week, the antimony explorer finished up nearly 14% at 77cps. 

The same was a good thing for Spartan Metals, too – it ended the day up 6.3% to close at $1.51 per share. 

Finally, Droneshield once again staged a curious climb, up 11% today to 97cps based on no news. The stock has been getting pumped on Wall Street Bets in recent history.

And as for the reds,

Johns Lyng Group continues to fall after being removed from the XJO with shares falling -12.5% to $2.45.

Meanwhile, Opthea Ltd continued to slide, down -3.6% to 67cps, tracking a small basket of ASX biotech stocks apparently sliding down with Mesoblast.

Finally, Super Retail Group staged a -3.3% decline to $13.31 per share intensifying one year losses of more than negative ten percent.