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The ASX200 closed up 0.4 per cent.
Industrials & IT led the ranks – both up more than a per cent – while energy weighed on the market, losing well over 1.1 per cent.
What drove industrials? The standout was a company, Wiseway Group (ASX:WWG) which spiked more than 23 per cent off a low base without a market announcement!
In the Green
Biopharmaceutical company Immuron (ASX:IMC) closed nearly 100 per cent in front because its diarrhea drug candidate Travelan is progressing to Phase 3 registration with Food and Drug Administration (FDA).
The company received A$4.8 million funding from the US Department of Defence for a Phase 2 controlled human infection study.
The study demonstrated a 36.4 per cent protective efficacy against moderate to severe diarrhea.
IMC closed at 13 cents
Fenix Resources (ASX:FEX) gained 2 per cent after shipping its first batch of iron ore from its WA-based Twin Peaks project, northeast of Geraldton.
The first shipment was nearly 60,000 tonnes of 60 per cent direct shipping ore.
The company already has the Iron Ridge Iron Ore mine in WA’s Mid-West.
FEX finished the day at 24 cents.
And gold explorer Magnetic Resources (ASX:MAU) jumped 13.4 per cent after confirming that its Lady Julie gold project in Western Australia is a ‘financially robust project’ with low-cost, high margin gold production of 720,000 ounces over a 9-year mine life.
MAU closed at $1.10
In the Red
Energy giants struggled today, with Woodside Energy Group (ASX:WDS), Viva Energy Group (ASX:VEA) and Energy Resources of Australia (ASX:ERA) all shedding 2 to 2.5 per cent – in line with the sector’s pain.
Digital recreation vehicle provider Camplify Holdings (ASX:CHL) was down nearly 5 per cent following Tourism Holdings Rentals (ASX:THL)’s decision to sell off its 14.14 per cent stake in the company.
The gross proceeds from the sale of THL’s shares is about $19.2 million.
While Tourism Holdings Rentals gained more than half a per cent on the news, Camplify closed down at $1.92.
And automotive finance firm Solvar (ASX:SVR) lost nearly 2 per cent after one of its subsidiaries, Go Car Finance in New Zealand, was served with proceedings by the country’s commerce commission. It alleges Go Car Finance breached its obligations to borrowers in relation to the assessment of suitability and affordability in relation to 48 loans.
Solvar intends to defend these proceedings.
SVR closed at 99 cents.
