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The ASX200 closed up 0.08% at 8,257 points.
The iron ore price has continued drifting lower as anxiety persists over the lack of fresh stimulus from China. Iron Ore has been $97.00 in Singapore.
IT and Real Estate has been the best performers, both up 0.8%, followed by Financials, Industrials, Health Care and Energy, all up 0.5%.
Materials has been the worst performer, down 1.36%, followed by Staples, down 0.5%.
In the Green
Insignia Financial (ASX:IFL) closed up 14.7% after today receiving a takeover offer from CC Capital Partners. The deal proposes to acquire all Insignia stock for $4.30 per share; it will be subject to several approvals.
Insignia Financial closed at $4.06.
Wellnex Life (ASX:WNX) closed up 3.8% on reports of a jump in sales for the second half of last year. The company reported a 112% rise over the previous corresponding period. Total sales reached $11.94M, up from $5.6M in FY24.
Wekknex Life closed at 68.5 cents.
Firetail Resources (ASX:FTL) closed up 22.8% after being chosen to participate in BHP’s 2025 Xplor accelerator program, enhancing its Picha Project in Peru.
Under the program, Firetail will receive approximately US$500,000 (AU$802,613) in non-dilutive funding to support its exploration efforts at the Picha Project over a six-month period.
Firetail Resources closed at 7 cents.
In the Red
Anson Resources (ASX:ASN) has received approval to drill 24 exploration holes for approximately 1,000 metres (3,280 feet) at its Yellow Cat Uranium and Vanadium Project in the Thompson District of southeastern Utah.
Anson Resources closed flat at 6.8 cents.
Bellevue Gold (ASX:BGL) closed down 14% as investors reacted to a downgrade in production guidance. The company has revised its full year gold production guidance range to 150,000 ounces to 165,000 ounces. This compares to its original guidance range of 165,000 ounces to 180,000 ounces for FY25.
Bellevue Gold closed at 98.5 cents.
BHP (ASX:BHP) has closed down 1.96% on the back of ongoing weakness in the iron ore price. Iron ore has been trading at $97.30 in Singapore.
BHP finished the session at $38.98.
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