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The ASX200 is down nearly half a per cent – beating futures predictions.
This comes after CPI data released by the Australian Bureau of Statistics turned out better than expected figures of 3.4 per cent in the 12 months to February with lower prices for meat and seafood offsetting higher rent and fuel prices.
Excluding fresh produce and fuel, inflation fell from 4.1 per cent to 3.9 per cent last month.
In terms of sectors today, healthcare and consumer staples are both up around a per cent – while IT is today’s top drag – down 1.2 per cent.
In this bulletin, we’ll look at news from Osteopore, Dreadnought Resources, Lithium Plus Minerals, Barton Gold, and Unith.
In company news,
Australian-Singaporean regenerative medicine company Osteopore (ASX:OSX) is today’s top performing stock– and was up over 900 per cent after announcing it had received approval for its innovative orthopaedic products to be marketed across both Singapore and Vietnam.
The company’s products, known as aXOpore®, have been given the green light by Singapore’s Health Sciences Authority (HSA) and Vietnam’s Department of Medical Equipment and Construction (DMEC). In Singapore alone up to 10% of the population between the ages of 40 and 60 suffers from joint ailments.
OSX has been trading at 60 cents.
Elsewhere, Dreadnought Resources (ASX:DRE) said that having overcome challenges to the drilling program at its Tarraji-Yampi project last year, the company managed to extend mineralization.
The best intercepts include 4.20 metres at 1 percent copper, 15.1 grams per tonne gold, and 0.01 percent cobalt from a depth of 213m.
DRE has been trading at 1.8 cents.
Lithium Plus Minerals (ASX:LPM) is striving to expand its mineral resource at the Lei Deposit in the Northern Territory.
The Lei deposit is part of the company’s larger Bynoe project and two recent drill assays have now got geotechs investigating the prospects of a resource upgrade.
The company plans to also drill test other targets on-site in its 2024 exploration campaign.
LPM has been trading at 15 cents.
And Unith (ASX:UNT) is up more than 7 per cent after appointing Microsoft’s former Vice President of Enterprise & Partners (Asia), Gary Cox, as its new non-executive director.
Cox has worked in the IT and software sector for 35 years across global markets in the UK, Europe, USA, Australia and Japan – but his tenure at Microsoft has been a highlight of his career.
UNT has been trading at 1.5 cents.
