The Market Online - At The Bell

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

The ASX200 has been down 1.3% at 8,235 points in afternoon trade.

Profit takers have swooped in after the bourse came within a whisker of yet another record high yesterday.

Investors have pared RBA rate cut expectations after three year bond yields spiked and traders delayed their timing of the first rate cut to May.

It’s a sea of red as all sectors are retreating. Real Estate is the worst performer, down 2.1%, followed by Health Care, down 1.9% and Discretionary, down 1.7%.

Company News

Wisetech (ASX:WTC) has been up 0.6% on news its billionaire founder Richard White has settled his legal battle with former lover Linda Rogan. Yesterday saw almost 15% and $6 billion in market cap wiped from the company’s valuation.

Wisetech has been $105.27

Magnetite Mines (ASX:MGT) has been up around 3% after joining a consortium aimed at accelerating South Australia’s green iron industry.

Magnetite Mines has been 17.5 cents.

Neometals (ASX:NMT) has confirmed Primobius, its 50/50 Joint Venture with Europe’s SMS Group, is now crucial to Mercedes Benz’s battery recycling strategy.

Neometals closed at 9.4 cents.

More From The Market Online
The Market Online Video

NAB: Even the banks look at HotCopper

What do commodity investment bankers look for when deciding whether to back an ASX-listed company financially?…
A handful of coins with a sprouting plant

Impact snaffles $2.87M govt grant for Lake Hope HPA development in WA

Impact Minerals Ltd has received a Federal Government grant to the tune of $2.87M for development…

Lotus plans placement to restart uranium production at Malawi’s Kayelekera

Lotus Resources Ltd is seeking to raise A$110M to funds its goal of getting the Kayelekera…
Picture of antimony as nuggets

Antimony hype beneficiary Larvotto gears up for fresh drill run at Hillgrove

Larvotto Resources (ASX:LRV), a junior explorer and clear winner of the antimony hype train borne