Closing Bell: The ASX 200 fell by almost 1pc to start the week
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The Australian share market has followed Wall Street’s lead, closing 0.85% lower in today’s trading.
All sectors were down except for Health Care, with the worst performers being Energy and Mining, both falling by more than 2%.
In big cap news today, Oil Search (ASX:OSH) CEO, Dr Keiran Wulff, has stood down from his role, claiming health reasons.
Dr Wulff had been in the job for just 18 months, but the OSH share price has more than halved since his tenure. The OSH share price dropped by 5% today.
The biggest gainer today is Empired (ASX:EPD), up 59.45% off the back of news its board has recommended the $1.35 cash offer from Capgemini to acquire 100% of the issued share capital of the company.
Predictive Discovery (ASX:PDI) is also up a healthy 47.37% after announcing bonanza gold grades at its Bankan project in Guinea.
Recce Pharma (ASX:RCE) is higher by 6% after announcing that its lead drug, RECCE (R327), has shown positive efficacy against Clostridium perfringens and Streptococcus pyogenes – two main strains of bacteria associated with necrotising fasciitis, also known as ‘flesh- eating’ disease.
Jatcorp (ASX:JAT) rose by 4.5% after announcing that it will distribute the products of leading Chinese brand, BabyCare, in Australia.
Selfwealth (ASX:SWF) fell 8% after confirming that it has received $10 million via a placement to new and existing shareholders. The issue price of $0.39 per new share represented a 9.3% discount to the last closing price on Friday.