PriceSensitive

ASX Market Update: Miners drag index lower after record highs | October 1, 2024

ASX News, Market Summary
01 October 2024 13:03 (AEST)

This browser does not support the video element.

The ASX200 has been down 0.62% at 8,218 points.

The September quarter closed yesterday and it turned out to be the best September quarter since 2013.

The Aussie miners have given back some of the recent gains that drove the market to record highs, and in the US the S&P 500 chalked up its fourth consecutive positive session.

Back home, the sectors are a mixed bag and Health Care is leading, up 1.2%, followed by IT, up 0.73%. Materials has been aggressively sold off by investors, down more than 2.1% and Financials, down 1 percent.

Company News

Qantas (ASX:QAN) has been down 2.7% on news Qatar Airways is set to take a 25% stake in Virgin Australia. Qatar will acquire the minority shareholding from Virgin Australia owner Bain Capital, and the deal is yet to gain Foreign Investment Review Board approval.

Qantas has been trading at $7.21.

Battery Age Minerals Ltd (ASX:BM8)  has been up 9.5% after reports its set to begin a maiden field campaign later this month at its Bleiberg lead-zinc-germanium project in Austria. The company plans to validate and refine drill targets over a 6 kilometre strike.

Battery Age Minerals has been 11.5 cents.

Strike Energy (ASX:STX) has been down 3.4% after the Australian Energy Market Operator (AEMO) awarded the company full Certified Reserve Capacity Credits and Network Access Quantity for the South Erregulla peaking gas power station.

Strike Energy has been trading at 21.3 cents

Related News