Closing Bell: More pain for investors as the ASX 200 falls for second consecutive day

The Aussie share market has fallen for two consecutive days, down by 0.46% today.

Seven sectors were down, while four rose.

Utilities and Mining were the worst peforming sectors, while Healtcare and IT were the best.

In big cap news today, PNG-focused Oil Search(ASX:OSH) rose by 6% after it rejected a takeover proposal from Santos Ltd (ASX:STO).

Santos had offered a scrip-for-scrip offer (0.589 new Santos share for each OSH share).

OSH said it was not in the best interest of shareholders, but was still willing to pursue further talks.

Oil Search $OSH is up 4.8% to $3.84. Based on $STO closing price on 24 June (submitted all-scrip offer on 25 June) implied a transaction price of $4.25 per $OSH share. https://t.co/jHF8AGntJH

— CommSec (@CommSec) July 20, 2021

TODAY’S BIGGEST WINNERS

Code	Company	Price	%	Volume
CLZ	Classic Min Ltd	0.0015	50.0%	23,649,999
PCL	Pancontinental Oil	0.002	33.3%	774,976
LPE	Locality Planning	0.235	30.6%	1,711,487
DXN	DXN Limited	0.0125	25.0%	18,877,036
WOO	Wooboard Tech Ltd	0.0025	25.0%	1,291,682
CYQ	Cycliq Group Ltd	0.027	22.7%	7,755,453
GSN	Great Southern	0.061	22.0%	467,710
ARC	Aust Rural Cap Ltd	0.32	20.8%	39,973
HNR	Hannans Ltd	0.007	16.7%	1,257,142
MRD	Mount Ridley Mines	0.0035	16.7%	3,366,567
PSL	Paterson Resources	0.064	16.4%	10,735,712
DTZ	Dotz Nano Ltd	0.36	16.1%	782,637
RGI	Roto-Gro Intl Ltd	0.045	15.4%	15,238,209
WCN	White Cliff Min Ltd	0.015	15.4%	4,873,696
TPD	Talon Energy Ltd	0.008	14.3%	21,218,723
RMI	Resource Mining Corp	0.017	13.3%	80,500
DDD	3D Resources Limited	0.0045	12.5%	1,026,894
EN1	Engage:Bdr Limited	0.0045	12.5%	475,000
MRQ	Mrg Metals Limited	0.009	12.5%	1,518,717
BIR	BIR Financial Ltd	0.04	11.1%	462,448
XST	Xstate Resources	0.005	11.1%	16,039,137
RLG	Roolife Group Ltd	0.03	11.1%	1,256,052
RCE	Recce Pharmaceutical	1.06	10.4%	974,060
GOW	Gowing Bros. Limited	2.7	9.8%	18,917
8VI	8Vi Holdings Limited	4.53	9.7%	3,671

Recce Pharma (ASX:RCE) rose by 6% after announcing the Chinese Patent Office has granted “Anti-Virus Agent and Method for Treatment Of Viral Infections” related to RECCE 327. This is the third patent to be granted to the company following its recent patent grant in Europe and Japan.

Elmore (ASX:ELE) rose by 8% after executing an agreement to increase the scope and remuneration of the Peko Iron, Gold, Copper and Cobalt Project, located near Tennant Creek in the Northern Territory. Elmore will earn a 25% equity stake in the Project, though some of this equity may be further on-sold as part of the funding package required by Elmore to deliver the Project.

Roto-Gro (ASX:RGI) rose by 12% after receiving $2.2 million in firm commitments through a placement to professional and sophisticated investors. The placement received strong support including a cornerstone investment of $717k by EverBlu Capital and its principals.

TODAY’S BIGGEST LOSERS

Code	Company	Price	%	Volume
CCE	Carnegie Cln Energy	0.002	-20.0%	9,096,195
BAS	Bass Oil Ltd	0.0025	-16.7%	2,800,797
LNY	Laneway Res Ltd	0.005	-16.7%	500,000
MCT	Metalicity Limited	0.011	-15.4%	2,459,606
NOR	Norwood Systems Ltd.	0.017	-15.0%	2,727,655
AER	Aeeris Ltd	0.12	-14.3%	10,000
KNM	Kneomedia Limited	0.006	-14.3%	175,000
OAU	Ora Gold Limited	0.019	-13.6%	1,209,833
LEX	Lefroy Exploration	0.685	-13.3%	670,607
EDE	Eden Inv Ltd	0.02	-13.0%	10,768,382
APV	Appsvill	0.054	-12.9%	626,740
MTB	Mount Burgess Mining	0.007	-12.5%	5,161,036
RXH	Rewardle Holding Ltd	0.014	-12.5%	259,629
GTE	Great Western Exp.	0.14	-12.5%	100,472
M2R	Miramar	0.175	-12.5%	172,093
EMU	EMU NL	0.029	-12.1%	2,109,803
CFO	Cfoam Limited	0.015	-11.8%	27,755,425
TTA	TTA Holdings Ltd	0.031	-11.4%	706,235
NES	Nelson Resources.	0.047	-11.3%	886,752
1AD	Adalta Limited	0.12	-11.1%	2,282,633
ONX	Orminexltd	0.04	-11.1%	229,131
ADV	Ardiden Ltd	0.008	-11.1%	1,474,941
EFE	Eastern Iron	0.016	-11.1%	18,424,075
LMG	Latrobe Magnesium	0.016	-11.1%	375,687
RIM	Rimfire Pacific	0.008	-11.1%	2,225,354

ANNOUNCEMENTS YOU MAY’VE MISSED

Fintech MoneyMe (ASX:MME) announced a restructuring of its primary warehouse facility, increasing its external funding capacity by 47% to $338 million. The company also said it successfully closed a $7m tap of its corporate bond on the same terms as disclosed to the market in April.

Delta Drone (ASX:DLT)’s mining specialist brand, Rocketmine, has secured a $120k deal for survey mapping, blast monitoring and inspection services with Rustenberg Platinum Mines, a wholly owned subsidiary of Anglo American Platinum, the world’s largest producer of platinum in South Africa.