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
The Market Online Video

HotCopper Highlights, Week 49: ASX Ltd shoots itself in foot again, NextDC-OpenAI & more

Good afternoon and welcome to HotCopper Highlights, I’m Jon Davidson, in this segment we go through the most viewed and most discussed stocks
ASX concept

ASX announcement outage issue all sorted on Tuesday, but reputational damages remain

More pain for the listed equities in ASX Ltd (ASX:ASX), the share market operator itself, after a Monday morning
A HotCopper-branded graphic image which reads "Insider Trades: Key director trades to watch" in front of an ASX-themed image which has been faded.

Pantoro, WEB, Energy One: All the biggest ASX director trades from the last week

Welcome to HotCopper’s Director Trades column, where we take a look at all the most interesting director transactions from across the past week and break