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.