Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 closed in the red, down nearly 1.3% to 7,861.2 points.
All sectors made losses today, with IT down by 2.7%, followed by Discretionary, which shed nearly 2%, and Energy 1.8%.
In the Green
Biotech play Tissue Repair (ASX:TRP) gained 100% after the TGA approved its advanced wound healing gel TR Pro+. The product is designed to be a new standard in the aftercare of medical and aesthetic procedures.
Tissue Repair closed at 44 cents.
Newmont Corporation (ASX:NEM) closed up 1.7% after beating analyst estimates for second-quarter profit, benefiting from robust production and higher gold prices.
The company has revealed plans to achieve at least US$2 billion in gross proceeds from divesting high-quality, non-core assets.
Newmont Corporation closed at $72.62.
Latin Resources (ASX:LRS) is up 3.3% on results from its Planalto lithium prospect in Brazil. The best result was about 16 metres at 2.18 % lithium oxide from more than 290 metres deep.
Latin Resources closed at 15.3 cents.
In the Red
Regis Resources (ASX:RRL) closed down more than 9.5% after releasing its June quarter results. The market reacted unfavourably, despite group gold production being within guidance range.
Regis Resources closed at $1.73.
Karoon Energy (ASX:KAR) closed down 3% on its quarterly results revealing a 27% decrease in production revenue, but an 8% increase in sales revenue.
Karoon Energy closed at $1.74
Syrah Resources (ASX:SYR) closed down nearly 12% on its quarterlies. The results revealed further cash burn, with the company ending the period with a cash balance of US$82 million, which is down from US$99 million at the end of March.
Syrah Resources closed at 26.5 cents.
