The ASX closed in negative territory despite a solid gain in tech stocks.

The ASX 200 closed 0.23% down at 7,474 points although the ASX Emerging Companies Index rose 1.06% to close at 2,226 points.

Despite tech stocks gaining 4.38%, as investors continue to relish the takeover of Afterpay (ASX:APT), it was a negative day across the rest of the ASX with energy leading the laggards, dropping 1.39% and resources losing 0.85%.

The only other sectors in the green was healthcare, up 0.15% and utilities which rose 0.86%.

The delta strain has continued to spook investors, with Wall Street closing flat and many Asian markets slipping, particularly China and Japan.

 

TODAY’S BIGGEST WINNERS

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Stocks highlighted in yellow rose after making announcements during intraday trade.

Parkd (ASX:PKD), a $5.4m micro-cap stock that builds car parks, announced it was teaming up with a property developer and the pair would look to develop car parks using Parkd’s technology.

American Rare Earths (ASX:ARR) increased its indicated resource estimate at its La Paz project in the USA by 117% to 35.2 million tonnes.

Golden Mile’s (ASX:G88) climbed off the back of positive results from a helicopter electromagnetic (HEM) survey on the company’s Yarrambee project in WA.

 

TODAY’S BIGGEST LOSERS

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Stocks highlighted in yellow fell after making announcements during intraday trade.

Patrys (ASX:PAB) announced delays to upcoming toxicology studies blaming difficulties in procuring certain key components needed for the trial. It blamed COVID-19 related supply chain disruptions and says it now expects the study to begin in the March quarter next year.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Qantas (ASX:QAN) announced it would stand down 2,500 cabin crew in relation to the ongoing COVID-19 lockdowns. The company said it was reasonable to assume borders would be closed to Sydney for at least another couple of months but once normal travel resumed travel would be “at the top of people’s list[s]”.

The Brisbane Broncos (ASX:BBL) provided a rare public glimpse into the impacts of COVID-19 on individual NRL clubs. It expects a $3.17 million profit in FY21 compared to the $0.02 million in FY20 crediting the return of crowds but it warned the current disruptions may impact FY22.

Still with results and Good Drinks Australia (ASX:GDA) reported FY20 revenues of $51.6 million, up 40% on FY20 and earnings of $10.7 million up 1,683% on FY20. This came off the back of a total sales volume of 17.1 million litres across the group, which was also a healthy gain on FY20 (specifically 39%).

Gold producer Westgold Resources (ASX:WGX) also gave its shareholders a financial outlook. It is tipping gold production over 270,000 ounces at an All-in sustaining Cost (AISC) of between A$1,500 and A$1,700 per ounce.

Leigh Creek Energy (ASX:LCK) updated the market this morning on construction progress of its $2.6B urea project at Leigh Creek. Its engineering partner DL E&C (Daelim) has formally achieved the first milestone in providing all the pre-requisite detailed conditions for Engineering, Procurement, Construction and Commissioning (EPCC) on the project.

 

TRADING HALTS

Wednesday  

AustChina Holdings (ASX:AUH) – capital raising
Comet Ridge (ASX:COI) – acquisition
Bowen Coking Coal (ASX:BCB) – capital raising & acquisition 
eMetals (ASX:EMT) – drill results
8common (ASX:8CO) – capital raising
Atrum Coal (ASX:ATU) – capital raising
ResApp (ASX:RAP) – licensing agreement
Eastern Iron (ASX:EFE) – project acquisition option 
QEM (ASX:QEM) – capital raising

Thursday

Aldoro Resources (ASX:ARN) – drilling results
Essential Metals (ASX:ESS) – capital raising
Suvo Strategic Minerals (ASX:SUV) – material contract