The ASX 200 closed at 7,488 points which was 0.04% down from yesterday but up 0.37% from last Friday. The ASX Emerging Companies Index lost 0.57% to close at 2,285 points.

The best sector was industrials which gained 1.07%. Tech and consumer discretionary goods dropped 1.22% and 1.6% respectively.

 

TODAY’S BIGGEST WINNERS

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MGC Pharmaceuticals (ASX:MXC) rose after signing a US$24 million supply agreement – its first such deal in the USA.

Rhinomed (ASX:RNO) said it had completed development of the world’s first nasal swab designed for children.

Recently listed explorer Flynn Gold (ASX:FG1) rose after an exploration update.

And law firm Slater and Gordon (ASX:SGH) rose off the back of its financial results.

 

TODAY’S BIGGEST LOSERS

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AJ Lucas (ASX:AJL), Mayne Pharma (ASX:MYX) and Integral Diagnostics (ASX:IDX) all fell on annual results.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

872 days from when it was first suspended, Sky and Space (ASX:SAS) finally announced it was giving up on relisting and would be axed from the bourse on Monday. However the company said its operations would continue on a business as usual basis and hinted at relisting on another exchange in the coming years.

Harmoney (ASX:HMY) reached a settlement with the New Zealand Commerce Commission (NZCC) that would lead to legal proceedings against it being discontinued. The NZCC alleged the loan establishment fee charged to its clients exceeded the amount of recoverable costs and in return for the end of the legal fight the company admitted the breach and said it would provide eligible borrowers with a rebate.

Manganese company OM Holdings (ASX:OMH) posted a 65.5% rise in profit after tax to $23.5m for half year of FY21. Stronger global demand as well as the price rebound of ferrosilicon and silicon manganese were the main driver of revenue growth.

Rubber gloves manufacturer VIP Gloves (ASX:VIP) announced that it has received Australian TGA accreditation for its nitrile examination/ treatment gloves as a Class 1 Medical Device. This means it could now commence sales of the product in Australia.

Angel Seafood (ASX:AS1) reported record half year revenue of $3.6 million, which was a 46% increase on the previous corresponding period (pcp). The strong growth was driven by strong domestic demand for oysters and added scale in the business.

Oncology company Immutep (ASX:IMM) announced a patent grant in China for LAG525 and its compositions. LAG525 is a humanised form of Immutep’s IMP701 antibody which is out-licensed to Novartis.

Wellness products company Holista Colltech (ASX:HCT) reported a 30% increase in its half year revenue to a three-year high of $3.6m loss. The company has also managed to trim its loss significantly to $0.62m compared to a loss of $4.9m in the prior corresponding period.

 

TRADING HALTS

Monday

Environmental Clean Technologies (ASX:ECT) – cleansing notice lodging
Barra Resources (ASX:BAR) – capital raising
Nutritional Growth Solutions (ASX:NGS) – capital raising
Ragusa Minerals (ASX:RAS) – lodging prospectus

Tuesday

Nanoveu (ASX:NVU) – capital raising
Norwest Energy (ASX:NWE) – capital raising
Beamtree Holdings (ASX:BMT) – acquisition
Valor Resources (ASX:VAL) – exploration results
BWX (ASX:BWX) – corporate transaction

 

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