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

Kaoko Metals eyes expanded Chalkos drilling after strong investor interest at ADU

Kaoko Metals is accelerating exploration at its Chalkos Copper-Silver Project after strong investor interest at Africa…

The lithium supply race is going global — and ASX miners are positioning for the next wave

Already surging from a strong demand and price turnaround, lithium continues to receive massive funding support…

Omega Oil & Gas kicks off key new Taroom Trough well at Canyon-4

Omega Oil & Gas has kicked off the next key well aimed at confirming the world-class…
The Market Online Video

ASX Today: Energy stocks hold the line as Middle East tensions lift oil

The Australian sharemarket was holding steady today, with energy stocks helping offset weakness across technology as escalating tensions in the Middle East pushed