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The ASX 200 has toppled 75.6 points today as interest rate and US debt ceiling worries increase.
Eight of 11 sectors finished in the red, dragged down by the financial and material sectors, both falling almost 2 per cent.
In the green
Stavely Minerals (SVY) shares continued to climb a day after acquiring the Hawkstone nickel-copper-cobalt project in WA from Chalice Mining (CHN). The company closed the day up 23 per cent, to 16 cents.
Golden State Mining (GSM) soared 16.67 per cent off the back of yesterday’s acquisition of exploration rights next to the Nomad lithium prospect in WA’s Mallina Basin.
And, ClearVue Technologies (CPV) has secured a grant of up to $2 million from the WA Government to establish a local manufacturing facility for its core technology. The news gave the company’s share price a 2.63 per cent boost.
In the red
29Metals (29M) has seen another day of declines after it updated the guidance for its Capricorn Copper project on Tuesday.
Operations were halted at the Queensland project due to an extreme weather event.
29Metals has fallen close to 70 per cent over the past six months. Today it closed at 64 cents.
Treasury Wine Estates (TWE) – the makers of Penfolds and 19 Crimes – has dropped 7.84 per cent on today’s trading update. The company saw a decline in sales for the 2023 financial year and will be reviewing the prices of its wines on offer.
And Sandfire Resources (SFR) dipped, despite producing first copper concentrate at its Motheo copper mine in southern Africa. SFR closed the day at $5.49.
