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The ASX200 closed the day in the red, down 0.3%.
It was a rough day for the Energy sector, falling 1.6%, with Materials down 0.9%. The Financial and Staples sectors were the only ones that pushed into the green, both up around 0.2%.
In the green
San Francisco based Life360 (ASX:360) is up 1.8% after it launched its IPO in the U.S.
Life360 estimates that it will receive net proceeds from this offering of US$84.4 million, assuming an initial price of US$30.43 a share.
The funds from this offering are to increase its capitalisation and financial flexibility and create a public market for its common stock in the United States.
360 closed the day at $15.46.
Healthcare company, Optiscan Imaging (ASX:OIL) is up 12.5% after it unveiled its ground-breaking new microscopic medical imaging device, called InVue.
The device is designed to enhance precision surgery by providing surgeons with real-time digital pathology access.
The device was designed and manufactured in Melbourne in partnership with Australian industrial design firm, Design and Industry.
OIL closed the day at 13.5 cents.
Condor Energy (ASX:CND) gained nearly 19% after it provided an update on its exploration progress at its Technical Evaluation Agreement (TEA) offshore in Peru, where two large oil prospects were identified.
Regional mapping showed that the primary source rock interval is mature for oil generation over much of the area.
CND closed the day at 4.4 cents.
In the red
Fast fashion jewellery retailer, Lovisa Holdings (ASX:LOV) is down for the second day in a row, following a leadership change announcement.
Victor Herrero will be succeeded by John Cheston as Lovisa’s next CEO and Managing Director, effective as of June 4th.
LOV closed the day down more than 2% at $29.55.
Viridis Mining and Minerals (ASX:VMM) fell 12% after it reported on results from total rare earths derived from its Maiden Mineral Resource Estimate at its Colossus REE Project.
The project sits amongst some of the highest grades in the world; however, investors didn’t respond positively to the results.
VMM closed the day at $1.45.
Australian Gold and Copper (ASX:AGC) fell 15.5% after investors were dissatisfied with final RC drill hole results released from a tenement at the company’s Cargelligo Project in NSW.
The 115-116 metre interval returned 3,970 grams per tonne of silver, and 5 metres at 16.9 grams per tonne of gold.
AGC closed the day at 41 cents.
