The ASX 200 closed lower, dragged by the technology and communications sectors.
Meanwhile, energy stocks soared up 1.33 per cent, with the materials sector close behind, gaining 0.56 per cent.
In the green
Iceni Gold’s (ICL) shares shot up 45.3 per cent after striking a “spectacular” high-grade gold vein at its Everleigh target area in Western Australia.
The company reported “very high-grade” rock chip assays from the Christmas Gift anomaly, returning results of more than 18,000 grams per tonne of gold.
Nimy Resources (NIM) rose on the back of hitting “substantial” pegmatites below a lithium soil anomaly at its Mons nickel project in Western Australia.
And Adavale Resources (ADD) increased after launching a diamond drilling program at Luhuma Central within its Kabanga Jirani nickel project in Tanzania.
To two holes have been planned to follow up on a previously discovered nickel-bearing massive sulphide intersection. The company was last trading at 2.6 cents.
In the red
Alvo Minerals (ALV) sunk 25.9 per cent just a day after yesterday’s spike. The company penned a binding agreement for the purchase of the Bluebush rare earth element project in Central Brazil.
Charger Metals (CHR) was also trading lower. The exploration company wrapped up a 14-hole program across two prospective target areas within its Bynoe lithium project in the Northern Territory.
And the Sustainable Nutrition Group (TSN) fell 20 per cent, despite no updates to its company since mid-May.
Stay ahead with exclusive HotCopper insights and daily trending stocks here.