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It’s been a positive start to the week’s trade on the local share market, with the ASX200 up 0.69 of a per cent. All sectors are up, except utilities which has dropped 2.2 per cent and energy, which is down more than 1.5 per cent (1.68 per cent).
In news out today, job ads have recorded the largest decline – outside of the COVID lockdowns – in five years, with ads down 4.6 per cent last month, according to ANZ-Indeed. Over three months, ads fell 8.4 per cent, indicating a cooling labour market.
NSW and Victoria were most affected, with the largest drop since June 2018. Sectors like therapy, sales, and, software development saw declines, while food preparation, education, and mechanical engineering were still hunting for more workers.
Among the top performers on the market today are Chalice Mining (ASX:CHN) up 11 per cent, Myer (ASX:MYR) which has added 7.3 per cent and uranium play Deep Yellow (ASX:DYL) up 5.7 per cent.
Liontown Resources (ASX:LTR) has been trading up about 1.3 per cent after securing a 10-year port services and access agreement with the Mid West Ports Authority (MWPA). This agreement will allow Liontown to export lithium spodumene concentrate from its Kathleen Valley project through the Port of Geraldton to global tier-1 offtake partners, including LG Energy Solution Australia, Tesla and Ford Motor Company.
LTR last traded at $1.37.
Strike Energy (ASX:STX) released an update on appraisal results from its SE3 well, within its South Erregulla gas field in the Perth Basin. The appraisal confirmed the continuity of the gas field to the northwest.
But shares dipped more than eight per cent ahead of Talon Energy (ASX:TPD) shareholders voting on Thursday around Strike’s takeover offer. Under the deal, Talon shareholders would receive .4828 Strike shares for each Talon share they hold.
STX has been trading around 38.5 cents.
Barton Gold Holdings (ASX:BGD) has gained four per cent in the second hour of Monday trade as it wraps up extension drilling at the Tunkillia gold project in South Australia. The existing resource at the project – namely the target called ‘223 Deposit’ – boasts a 1.15-million-ounce JORC resource.
BGD has been trading at 26 cents.
And, The Calmer Co (ASX:CCO) has received $700,000 in funding from existing cornerstone shareholders via a convertible note issuance which will fund its commercialisation strategies into the new year. The company reported a 70 per cent rise in domestic e-commerce sales of its kava products month-on-month for November.
CCO last traded at .7 of a cent.
