Market Update Graphic
Source: The Market Online
The Market Online - At The Bell

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

The ASX200 has been trading flat at 8,284 points in afternoon trade.

Gold has bounced back to US$2,588 per ounce as investors move part of their portfolios back to the safe-haven commodity.

Meanwhile, Iron Ore has continued its decline and has been US$98.90 per tonne in Singapore.

To the sectors, Utilities has been the strongest performer, up 1.8%, followed by Energy, up 1.45%, and Materials, up 1.15%. Health Care and Information Technology have been the biggest losers, both down 1.1%, followed by Financials, down 0.7%.

Company News

Resolute Mining (ASX:RSG) has been down 3.7% on news its paid its first US$80 million to the Mali junta government. The company’s CEO was detained in Mali by its junta government, who last week asked Resolute for US$160 million.

Resolute Mining has been 38.8 cents.

National Australia Bank (ASX:NAB) has been down nearly 1% on news ASIC is taking the bank to court for failing to address around 350 customer hardship applications.

NAB has been $38.85.

Estrella Resources Ltd (ASX:ESR) has been up 10% after hitting two in-situ supergene manganese (Mn) discoveries in Timor-Leste, with grades of up to 63.4% manganese.

This ranks as one the highest grades found at the site so far.

More From The Market Online
NAB storefront

NAB dips 1.8% as ASIC take bank to court for ignoring hardship applications

Market regulator ASIC is taking NAB to court for allegedly failing to address nearly 350 hardship…
Landscape in Paraiba State, Brazil

Power gets set for 1000-metre maiden drilling program in Brazil

Power Minerals Ltd is planning a maiden drilling program to 1000 metres to test targets at…
Russia USA trade concept

Quit before you’re fired: Russia bans uranium exports to USA, duplicating extant US ban

Russia's ban of uranium exports to the USA came days before Biden allowed Ukraine use long-range…