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Volatility remained the status quo as the ASX200 ended down 0.23%.
The local bourse briefly touched into the green after lunch, but the mood was short-lived. The market almost immediately pared gains, sinking back into the red.
There may be some relief in observing futures predicted a worse day for the market. But looking at a glass half empty, the market fell below the 7,700 level.
In the Green
AMP (ASX:AMP) closed up more than 13% after sharing its first half FY24 results. The company reported a loss in overall profit but the market was more interested in positive growth prospects.
AMP also launched its partnerships and sustainable advice model which was welcomed by investors.
AMP finished the day at $1.28.
Cynata Therapeutics Ltd (ASX:CYP) finished the session up more than 7%, after study results indicated its therapeutic stem cell platform technology can treat pulmonary fibrosis and lung stiffness
Cynata Therapeutics closed at 21 cents.
Summit Minerals (ASX:SUM) has closed up more than 6% after successfully acquiring 6 new tenements in Brazil and increasing its land holding in the region by more than 1,500 Hectares.
One of the purchased tenements adjoins the company’s Equador Niobium and Tantalum Project.
Summit Minerals closed at 17 cents.
In the Red
Mirvac (ASX:MGR) closed down more than 8% after releasing its FY24 results. The results disappointed investors and included a 5% increase in profit and a 5% decrease in earnings per share.
Mirvac Group closed at $1.93.
Alkane Resources Ltd (ASX:ALK) finished the session down more than 4% after confirming large targets containing copper, zinc, lead and silver at its Rockley project in New South Wales. The results followed scout drilling which built on previous geophysical work.
Alkane Resources closed at 41.5 cents.
Fenix (ASX:FEX) is down more than 8% as investors mark down the stock after the iron or price fell below US$100 per tonne. The company has been experiencing volatility in its share price caused by the fluctuations in the iron ore price and investor sentiment.
Fenix closed at 36 cents.
