Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 closed down 0.56% at 8,249 points.
Morgan Stanley has amended its ratings and price targets for Australian miners, with South32 and Pilbara Minerals up to “Overweight” and Sandfire Resources down to “Underweight.”
Materials finished the worst performing sector, down 2%, followed by Real Estate, down 1.35% and IT, down 1%.
Financials was the only substantive winner, up 0.2%.
In the Green
Iltani Resources (ASX:ILT) closed up 25% after recording assay results at its Orient Silver-Indium Project in North Queensland. The drilling revealed the highest recorded silver equivalent grades.
Iltani Resources closed at 20 cents.
Star Entertainment Group (ASX:SGR) closed up 5.13% on the resignation of Mark Mackay, CEO of its Star Gold Coast casino, just three months into the role. His departure follows the extension of the casino’s license suspension until March.
Star closed at 20.5 cents.
Aerometrex (ASX:AMX) closed up 3.39% on the sale of its three non-core aircraft for $850,000 as part of a divestment.
Aerometrex closed at 30.5 cents.
In the Red
Sigma Healthcare (ASX:SIG) closed down 4.3% after releasing new details of its merger with Chemist Warehouse in a scheme booklet last Friday.
Sigma Healthcare closed at $2.67.
Ventia (ASX:VNT) closed down 4.3% after the Australian Competition & Consumer Commission began civil proceedings in the Federal Court against the infrastructure provider for alleged price fixing.
Ventia closed at $3.35.
DigiCo Infrastructure REIT (ASX:DGT) closed down another 5.5% after being billed as the year’s biggest ASX IPO on Friday. Today’s losses follow an underwhelming debut on the boards last week.
DigiCo closed at $4.30.
-1200x645-380x200.jpg)
-1200x645-380x200.jpg)