The ASX200 has been down 0.6% at 8,345 points – its lowest level in two weeks.
The Aussie bourse has been drifting lower in response to a weak lead from Wall Street overnight. Profit taking has also entered its second day as investors endeavour to crystallise gains.
The Australian dollar has fallen against the greenback and has been trading at US$0.638 as traders price in an earlier-than-expected rate cut from the RBA.
To the sectors, Information Technology has been the worst performer, down 1.8%, followed by Industrials, down 1%, and Utilities, down 0.85%.
Real Estate is the one and only sector in the green, up 0.34%.
Company News
Jade Gas (ASX:JGH) has been up 5.9% on news its gas production well program is progressing at the Red Lake gas field in Mongolia’s south Gobi region. The company aims to meet local demand for liquified natural gas in 2025.
Jade Gas has been 3.6 cents.
Dynamic Metals (ASX:DYM) has jumped up 17.5% on the news its launching into 2025 with its Cognac West gold prospect. Geotechs have made connections between underground geology and surface-level geochemistry to identify where place the first rigs on-site next year.
Dynamic Metals has been 23.5 cents.
Firefly Metals (ASX:FFM) has been up 0.44% after declaring that its latest copper drill hit at Green Bay in Canada is its “best ever.” The drill was just over 86m @ 3.7% copper from 290m depth.
Firefly Metals has been $1.15.