Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 closed the day trading up just over half a per cent.
The staples sector gained the most, up nearly 1.4 per cent, with healthcare and industrials not far behind expanding more than a per cent.
IT lost the most ground, down .63 of a per cent.
Some of the movers and shakers were; Osteopore, Lincoln Resources, Talisman Mining, BWP Trust, Newmark Property REIT and AnteoTech.
(In the green)
OSX
Australian-Singaporean medicine company, Osteopore (ASX:OSX) has had a stand-out day as shares surged 330 per cent.
OSX’s share price had spiked 992% to 71 cents by mid-morning.
This is after the company told the market it had received approval for its orthopaedic products to be marketed across Singapore and Vietnam.
Osteopore products treat bone reconstruction and general bone grafting procedures.
The approval is vital for the company as it expands its presence in the Asian markets.
OSX closed the day at 28 cents.
LML
Lincoln Resources (ASX: LML) shares gained 6.25 per cent on its recent drilling results at its Kookaburra Gully graphite project in South Australia.
Drilling eleven holes in total the company hit intercepts of up to 30.5 percent total graphite content (TGC).
The strike at Kookaburra Gully has been extended from 50m to 630m.
The company aims to update its mineral resource estimate for the deposit by April this year.
LML close the day at 0.8 cents.
TLM
Talisman Mining (ASX: TLM, Talisman) shares jumped 40 per cent, on news it intersected multiple zones of sulphides in its follow-up program of Reverse Circulation (RC) and Diamond drilling at its Durnings Prospect in central NSW.
Diamond hole drilling intersected two zones of strong lead-zinc-copper mineralisation
An additional 11 Reverse Circulation drill-holes have been completed to test strike, with First assays expected in 2-3 weeks.
TLM closed the day at 24.5 cents.
(In the red)
BWP
Real estate investment company, BWP Trust (ASX:BWP) shares lost 1.25 per cent, on its off-market takeover offer of Newmark Property REIT (ASX:NPR).
The offer entails BWP aiming to acquire 100% of the shares in Newmark REIT Management under the Sale and Purchase Agreement.
BWP’s management team has wasted little time, having already made changes to the directors of NPR, including the removal of Mark Allan, Christopher Langford, Andrew Erikson, and Melinda Snowden and the appointment of Fiona Harris and Mark Scatena to replace them.
BWP has changed the name of NRML to ‘NPR Management Limited’ and aims to enhance its earnings in the real estate sector through this acquisition.
BWP closed the day at $3.57.
NPR shares fell point seven per cent, to $1.43.
ADO
AnteoTech (ASX: ADO) shares dropped more than five per cent after it announced it has received funding of up to $1.39 million under the Queensland Critical Minerals and Battery Technology Fund.
Funding will support the delivery of AnteoTech’s Generation 1 Ultra High Silicon Anode programme
ADO closed the day at 3.7 cents.
