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ASX Market Update: Financials stocks lead bourse lower | November 1, 2024

ASX News, Market Summary
01 November 2024 14:49 (AEDT)
Market Update Graphic

Source: The Market Online

The ASX200 has been down 0.9% at 8,088 points.

The local index has fallen to its lowest level since September and banks and financial services stocks have led the market lower. Most notably, Macquarie (ASX: MQG) has shed 3.5% in afternoon trade.

The Financials sector has been the poorest performer, down 1.7%, followed by Health Care, down 1.2%, and Discretionary, down 0.8%.

Energy is the one and only sector in the green, up 0.7%.

Company News

Yandal Resources (ASX:YRL) has been up 8.6% after kicking off follow-up drilling at the emerging Siona gold discovery. The 12-hole, 2,500 metre reverse circulation program will look to confirm the geometry and test the extent of mineralisation.

Yandal Resources has been 31.5 cents.

Australian Silica Quartz (ASX:ASQ) has been up 31% on reports of shallow high-grade gold hits at its Golden Wishbone prospect at the Koolyanobbing Metals Project in WA.

Australian Silica Quartz has been 4.2 cents.

Origin Energy (ASX:ORG) has been up 0.31% after Citi analysts retained their buy rating and $11.00 price target on the energy giant’s shares.

Origin Energy has been $9.66.

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