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The ASX200 has closed the trading day just above even.
The sectors were split, with Financials leading gains, adding about half a per cent, while the Real Estate sector took a big hit ahead of this week’s interest rates decisions here and abroad – losing almost two per cent.
The Reserve Bank of Australia will announce its next interest rates decision tomorrow.
In the Green
Bannerman Energy (ASX:BMN) shares gained more than six and a half per cent, upon completion of a scoping study for the potential expansion of its flagship Etango Uranium project in Namibia.
The study looked at two routes to expand the project, either by increasing throughput capacity to 16Mtpa, or, by extending the life of mine from 15 years to 27 years.
BMN closed the day at $3.19.
Celsius Resources (ASX:CLA) added 15 per cent, on forging a Mineral Production Sharing Agreement with the Philippines government for its flagship Maalinao-Caigutan-Biyog Mining Project.
The permit grants the company rights to undertake exploration, development and commercial production of copper and associated minerals.
The agreement is valid for 25 years and will be renewable for another 25 years.
CLA closed the day at 1.5 cents.
Metarock Group (ASX:MYE) closed more than 10 per cent ahead on a binding share sale and purchase agreement to sell its interest in the PYBAR mining services to Thiess Group Holdings.
The deal amounts to A$65 million based on enterprise value.
Metarock expects to end up with $36.3 million in net cash after accounting for PYBAR’s outstanding debt and estimated transaction costs.
MYE closed at 7.9 cents.
In the Red
Superloop (ASX:SLC) lost more than 6 per cent after an interesting day. Aussie Broadband (ASX:ABB) was directed to sell 37.6 million shares to comply with Singaporean law and Superloop’s constitution.
Aussie Broadband recently acquired 19.9 per cent of Superloop’s voting power without required approval from Singapore’s InfoComm Media Development Authority (IMDA).
This all came as Superloop won Origin Energy’s (ASX:ORG) broadband business from Aussie Broadband!
SLC closed the day at $1.17. Aussie Broadband closed up half a per cent at $3.57.
Origin Energy shed about three quarter of a per cent.
Meanwhile, Proteomics International Laboratories (ASX:PIQ) fell nearly 25 per cent on an update around the US national launch of its diabetic kidney disease test PromarkerD.
The launch planned for next quarter may be delayed due to problems involved in launching a novel test.
PIQ closed the day at 94.5 cents.
