While US markets rose after the Fed outlined plans to gradually withdraw stimulus, our markets did not follow suit even amidst a sea of deals.

Leading the charge today was IGO (ASX:IGO) which after months of negotiations looks to have inked a deal to acquire fellow nickel miner Western Areas (ASX:WSA) for $1.1 billion.

Qantas (ASX:QAN) confirmed it was going with the Airbus A220 and Airbus A320 to replace its current domestic fleet, at a price worth tens of billions of dollars.

Other stocks announcing deals included Sims (ASX:SGM), which was buying US metal recycler Atlantic Recycling Group, Hotel Property Investments (ASX:HPI) and MA Financial (ASX:MAF), which announced separate pub acquisitions as well as Credit Clear (ASX:CCR) which is buying debt recovery solutions provider ARMA Group.

The ASX 200 finished 0.43% lower, closing at 7,296 points. Healthcare stocks plunged 5% and energy fell 1.17% although tech gained 2.07%.



(Stocks highlighted in yellow rose after making announcements during the trading day).

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Oilex (ASX:OEX) jumped after announcing it had received a court order in India which removed the imposition of production curtailment at its Cambay field.

In tech, family-focused photo sharing app Tinybeans (ASX:TNY) also rose strongly, after a trading update where the company said it’s on track for a record quarter in December.

Biotron (ASX:BIT) rose after an update on its HIV and COVID-19 clinical programs. The company said its Phase II trial against HIV had been extended to include a second site in Australia.

Rising on its ASX debut was XPON Technologies (ASX:XPN), which provides cloud-based marketing technology solutions.

In resources winners included Encounter Resources (ASX:ENR) and Ozaurum Resources (ASX:OZM) with exploration results.



(Stocks highlighted in yellow fell after making announcements during the trading day).

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Arena REIT’s (ASX:ARF) estimates that since June 30, its total property has grown 13.9% to $154 million. It credited macroeconomic drivers in the early learning sector, which it services through a portfolio of properties hosting childcare centres.

Fellow REIT Auctus (ASX:AVC) unveiled plans to spin out its US college student housing assets into its own ASX entity. It plans to list in February next year with a $45 million IPO and will consist of 11 properties with a fair value of US$189 million.

Suncorp (ASX:SUN) won a ratings upgrade from S&P Global Ratings. It has moved from A+ to AA- with a stable outlook, a move S&P said reflects the group’s business diversity and earnings resilience.

Cronos (ASX:CAU) sealed a deal to merge with CDA Health. The move has resulted in the replacement of four directors as well as $5 million in cash and 403.55m shares being issued to CDA Health which now owns 73.6% of the group.

Two days after plunging due to Novartis walking away from a partnership, Mesoblast (ASX:MSB) got positive feedback from the FDA on its Phase 3 program of rexlemestrocel-L in patients with chronic lower back pain due to degenerative disc disease.




National Tyre & Wheel (ASX:NTD) – capital raising
Laserbond (ASX:LBL) – capital raising and acquisition
Corporate Travel Management (ASX:CTD) – capital raising
RTG Mining (ASX:RTG) – capital raising
Frontier Digital Ventures (ASX:FDV) – capital raising
Battery Minerals (ASX:BAT) – capital raising
Pearl Global (ASX:PG1) – capital raising
Kalamazoo Resources (ASX:KZR) – earn in transaction
Audio Pixels (ASX:AKP) – material agreement
The Sustainable Nutrition Group (ASX:TSN) – capital raising and acquisition


Magnis Energy Technologies (ASX:MNS) – off-take agreement
Bounty Oil & Gas (ASX:BUY) – PEP-11 update
Bionomics (ASX:BNO) – US IPO update
Emyria (ASX:EMD) – technology partnership
Matsa Resources (ASX:MAT) – divestment
IGO (ASX:IGO) – acquisition
Esports Mogul (ASX:ESH) – capital raising
Greenland Minerals (ASX:GGG) – outcome of Greenland government meeting
Mayur Resources (ASX:MRL) – capital raising
Future First Technologies (ASX:FFT) – capital raising