After notching up a weekly gain between Monday and Thursday, the ASX dropped substantially today to finish the week over 1.5% lower – the third straight week of declines.

Energy fell by far the most – by 4.56% – while tech lost 2.32% and resources lost 1.71%. The “best” sector was consumer staples which only retreated 0.63%.

While the US markets were closed for Thanksgiving, stocks in the Asia-Pacific plunged over uncertainty around the latest COVID-19 variant and plans by the US to release 50 million barrels of oil from its reserves.



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

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Agtech Roots (ASX:ROO) unveiled plans to enter the African market.

Cybersecurity company Prophecy International (ASX:PRO) rose after a company update.

NSW coal company NuCoal (ASX:NCR) rose off the back of an ICAC report which gave hope to shareholders that it might be able get its coal licenses back. It noted the financial losses suffered by shareholders and advised the NSW government had six months to respond to its recommendations.

Edtech OpenLearning (ASX:OLL) announced tech venture capitalists Alchemy Tribridge Sapphire would be buying a 19.9% stake for $2.9 million.



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

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Vita Group (ASX:VTG), a company which once operated Telstra stores but has diversified to skin clinics, fell after downgrading its guidance.



Melbana Energy (ASX:MAY) told shareholders it had begun preparing for the resumption of drilling operations at its Alameda-1 well in Cuba. The company says it used the suspension to secure sufficient supplies of material, t conduct necessary maintenance and recondition the in situ mud materials

Nuix (ASX:NXL) CEO Rod Vawdrey will be replaced sooner than anticipated and will now step down when new CEO Jonathan Rubinsztein begins on December 6. The company thanked Vawdrey for his service and said it wished him well in his retirement.

Select Harvests (ASX:SHV) reported a profit for the twelve months ended September 30 2021 of $15.1 million, down from FY20’s record result of $25 million. The company noted almond prices had dropped following a record crop and were kept lower by supply chain challenges.

Renascor Resources (ASX:RNU) announced better than expected results from its mineral processing trials for its planned graphite operations in South Australia. The test work demonstrated yields in excess of 60%, ahead of the 50% yield it had previously assumed.

Paragon Care (ASX:PGC) unveiled a strategic partnership with Centria Healthcare to develop a new healthcare facility at the Monash facility in Melbourne. Works will be complete in April 2022 and the pair have entered into a 15-year lease beginning thereafter.




Matrix Composites & Engineering (ASX:MCE) – capital raising
Firstwave Cloud Technology (ASX:FCT) – acquisition and capital raising
Wide Open Agriculture (ASX:WOA) – capital raising
IXUP (ASX:IXU) – capital raising


Golden Deeps (ASX:GED) – exploration update