Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 has closed the day down 0.15 per cent at 7,770 points.
The Real-estate sector gained the most, up 1.43 per cent with health care second in the lead, finishing up 1.34 per cent.
Meanwhile, the Industrials, Technology and Consumer Staples sectors also posted modest gains, each up near 0.10 per cent.
All other sectors were red with the energy sector losing the most ground, down 1.3 per cent as Brent Crude prices softened.
In this bulletin we’ll discuss Fisher & Paykel, Bass oil, Clarity Pharmaceuticals, Nordic Nickel, and finally, West African Resources.
Fisher & Paykel Healthcare (ASX:FPH) shares surged 7 per cent after revising its revenue and earnings forecast for the fiscal year ending March 31, 2024.
The company anticipates operating revenue to reach $1.73 billion, a slight increase.
Profit expectations were also upgraded, now expected to hit $260 million to $265 million.
FPH closed the day at $24.17.
Bass Oil (ASX:BAS) shares surged more than 28 per cent, following the announcement of the commencement of its Kiwi 1 Extended Production Test.
Originally drilled in 2003, estimates now suggest an average of 5.24 billion cubic feet (BCF) of gas, with potential to reach up to 11.5 billion cubic feet.
Kiwi’s commercial gas potential could see Bass enter the eastern states’ gas market.
BAS closed the day at 5.8 cents.
Clarity Pharmaceuticals (ASX: CU6) shares dropped just over 3 per cent as the company dosed the first participant in cohort 4 of its SECuRE trial, aimed at improving cancer treatment outcomes.
The trial involves three participants undergoing two cycles of treatment.
Further patient recruitment is ongoing in the US.
CU6 closed the day at $2.86.
Nordic Nickel (ASX: NNL) shares dropped almost eight per cent, despite the company initiating drilling on a newly approved licence at its flagship project in Finland.
The drilling program focuses on the southern zone of three magnetic anomalies identified in the area.
A total of 2,240 meters of drilling will be conducted to enhance the definition of mineralisation.
NNL closed the day at 17.5 cents.
West African Resources (ASX: WAF) lost nearly one per cent despite securing approval for two new mining permit applications in Burkina Faso, West Africa.
This final operational permit allows initiation of mining at an open pit gold deposit.
WAF closed the day at $1.09.
That’s market close for your Friday, I’m Keely Lynch, we’ll see you next week when the market opens.
