Market Update: ASX turns green with real estate flowering

The ASX200 is trading up around 0.7 per cent.

Most sectors are in the green, real estate has gained the most so far, up nearly 1.6%. Staples follows, up 1.2%.

The utilities and energy sectors are the only two to slip into the red.

Company news

Real estate company, Lendlease (ASX:LLC) is up nearly 10% after it unveiled a global strategy, in which it plans to shift away from its international construction assets and focus more on its Australian business platforms.

LLC has been trading at $6.44.

DY6 Metals (ASX:DY6) shares shot up 360% on the back of 10-year-old historical assay results from its rare earth (REE) project in Malawi, Africa.

The market has overwhelmingly endorsed the good concentrations and shallow depths reflected in assay results from 2014 unearthed by DY6 at Tundulu Hill. These decade old results were part of an ongoing review of historical data, but only surfaced now as part of this process.

DY6 has been trading at 17.5 cents.

Arafura Rare Earths (ASX:ARU) is up, after it received conditional approval for a further US$300M (A$452M) in funding from Export Development Canada (EDC.)

This comes after the company announced its ambitions to mine and produce neodymium-praseodymium (NdPr) aligning with its strategic overhead of Export Development Canada.

ARU has been trading at 20 cents.

Dimerix (ASX:DXB) has entered into an agreement with Taiba Middle East, for the commercialisation of Dimerix’ Phase 3 drug candidate DMX-200 for the treatment of focal kidney disease in the United Arab Emirates (UAE), Saudi Arabia, Oman, Kuwait, Qatar, Bahrain and Iraq.

Dimerix will retain all rights to commercialise DMX-200 in all other unlicensed territories, including the US and China.

Dimerix shares are up more than 16% on the news.

DXB has been trading at 39.5 cents.