TMH Market Close: ASX200 closes Tuesday marginally lower

The ASX 200 closed the day tra­ding marginally lower, down 3.4 points.

The financial sector wrapped up Tuesday nearly one per cent higher, with real estate hot on its heels.

In the green

Westar Resources (WSR) shot up 54 per cent to a 13-month high. The increase came on the back of recently reported multiple thick pegmatites of up to 44 metres at the Olga Rocks lithium-gold project in Western Australia.

Assays are expected within four weeks. WSR ended the day at 7.7 cents.

Renegade Exploration (RNX) climbed 23 per cent after hitting further copper sulphide zones at its Mongoose copper-gold project in Queensland.

The company’s 12-hole drilling program hit copper sulphide zones up to 20 metres thick from 113 metres. RNX last traded at 1.6 cents.

And Magnum Mining and Exploration (MGU) shares climbed to 2.5 cents after completing a reverse circulation program at its flagship Buena Vista project in Nevada.

In the red

Payright (PYR) dropped 40 per cent after applying to voluntarily delist from the ASX, to trade at 0.6 cents.

Brainchip (BRN) fell 17.65 per cent to 42 cents after releasing its annual general meeting notes which acknowledge the company’s disappointing sales performance.

And Black Dragon Gold’s (BDG) shares toppled, despite launching a maiden drilling program at its Padbury gold project in Western Australia.

The reverse circulation program will be guided by the company’s previous geochemistry soil sampling exploration work completed last year. Black Dragon fell 15.56 per cent, to 3.8 cents.