The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

The ASX200 has closed 0.67% lower at 8,150 points.

Investors have rising concerns about the Middle Eastern conflict and are responding by exiting equities perceived to pose risk.

To the sectors, Energy was the strongest performer, up 1.84%, followed by Health Care, up 0.11%. Materials was the biggest loser, down 1.18%, followed by IT, down 1.16% and Financials, down 1%.

In the Green

Strike Energy (ASX:STX) finished up 9.52% on the back of surging oil prices caused by escalating Middle Eastern conflicts. Strike has multiple oil and gas development projects in Australia; its flagship project seeks to put the Perth Basin on the map.

Strike Energy closed at 23 cents.

Insignia Financial (ASX:IFL) has closed up more than 2.28% after settling a class action with some members of the OnePath Master Fund and Retirement Portfolio Service.

Insignia Financial closed at $2.69.

Casino gaming company Light & Wonder (ASX:LNW) closed up 7.8% after an update on the Dragon Train litigation. Aristocrat Leisure (ASX: ALL) recently secured an injunction against this game, preventing its sale and operation. Light and Wonder are now converting these games and have not received a single removal request.

Light and Wonder closed at $141.70.

In the Red

Neurotech International (NTI) closed down 15.5% on news the FDA hasn’t granted its product NTI164 orphan drug status in the United States. The company says it’s now strategising on next steps forward.

Neurotech International wrapped up at 4.9 cents.

Rimfire Pacific Mining (ASX:RIM) closed down 18.42% after its step-out diamond drill program substantially expanded the known mineralisation at its 100%-owned Bald Hill cobalt-copper prospect which now extends over a 500m by 200m area in Broken Hill, New South Wales.

Rimfire Pacific Mining closed at 3.1 cents.

Capstone Copper (ASX:CSC) closed down 3.27% on news CEO John MacKenzie will transition from his role and be nominated as Non-Executive Chair of the company.

Capstone Copper closed at $11.55.

More From The Market Online
The Market Online Video

ASX Market Close: Bourse finishes week on a high as Wisetech pummeled | November 22, 2024

The ASX200 closed up 0.85% at 8,393 points. Economists increasingly expect interest rates in Australia won’t…
The Market Online Video

HotCopper Highlights: Your most watched stocks for Week 47, 2024

In this segment we’ll look at the top stocks HotCopper users have been watching, and discussing,…
Nuclear explosion mushroom cloud concept

Week 47 Wrap: HotCopper users’ most watched; Brent lifts on Putin’s scary letter; RFK dents CSL

Welcome to the end of another week. Let's start with what HotCopper users have been watching…
Dale Gillham's photo, and wording 'Words from Wealth Within's Chief Analyst Dale Gillham.

Dale Gillham’s weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

The $8.8 billion dollar merger between Sigma Healthcare and Chemist Warehouse is poised to reshape the Australian pharmacy landscape, consolidating power in th…