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ASX Market Close: Index pares gains to close flat | December 18, 2024

ASX News, Market Summary
18 December 2024 16:49 (AEDT)

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The countdown to Christmas continues and the ASX200 closed down 0.06% at 8,309points.

Industrials was the strongest performing sector, up 0.77%, followed by Health Care, up 0.6% and IT, up 0.53%.

Discretionary and Financials were the biggest losers, both down 0.4%.

In the Green

Omni Bridgeway (ASX:OBL) closed up 50.3% on the news it has inked a deal with funds managed by Ares Management Corporation. 

Omni Bridgeway closed at $1.45.

Clarity Pharmaceuticals (ASX:CU6) closed up 12.1% on news it will be expanding its pipeline with a novel optimised FAP targeted radiopharmaceutical. The product can potentially be used with copper isotopes to diagnose and treat cancer.

Clarity Pharmaceuticals closed at $5.17.

Fenix Resources (ASX:FEX) closed down 3.8% after growing its footprint in WA iron ore projects with two new tenements in the Weld Range, close to the company’s mining operations at Iron Ridge.

Fenix Resources closed at 27.5c.

In the Red

Mineral Resources (ASX:MIN) closed down 0.8% on receipt of $780M from Gina Rinehart’s Hancock Prospecting for the sale of two gas permits.

Mineral Resources closed at $34.40.

Southern Cross Gold (ASX:SXG) closed down 3% after the release of drill results from two drill holes at the Rising Sun prospect at its 100%-owned Sunday Creek Gold-Antimony Project in Victoria.

Southern Cross Gold closed at $3.81.

Tambourah Metals (ASX:TMB) closed down 4% on news it will acquire an 80% interest in an exploration licence 110km southwest of Kununurra in Western Australia.

Tambourah Metals closed at 2.4 cents.

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