ASX Market Close: Index creeps lower as half-year mark approaches | June 26

The ASX200 traded flat yet again today, closely mimicking Wall Street.

IT was heavily sold off in intra-day trade, followed by Real Estate and Industrials. Health Care and Financials were the only sectors substantially in the green.

In the Green

Paradigm Biopharmaceuticals (ASX:PAR) jumped higher on news of its acquisition of Proteobioactives, locking down global patent rights to a novel oral therapy.

Civmec (ASX:CVL) was up in intraday trade after inking a deal to acquire 100% of Luerssen Australia from NVL Australia for $20 million.

And, European Lithium (ASX:EUR) was +20% higher in afternoon trade on completion of an off-market sale to a U.S. institutional investor.

In the Red

Gladiator Resources (ASX:GLA) was -10% down leading into close after reporting exploration results from its Foxy Project in southern Tanzania.

Bannerman Energy (ASX:BMN) cratered as much as -8% in afternoon trade after the company confirmed an $85 million placement.

Strike Energy (ASX:STX) was down more than -3.3% in afternoon trade after releasing the results of its strategic review. The company says it will refocus its asset portfolio to align with WA’s energy transition demands.

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