ASX investors feel more pain as ASX 200 falls again. Picture Getty
Closing Bell: More pain for investors as the ASX 200 falls for second consecutive day
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The Aussie share market has fallen for two consecutive days, down by 0.46% today.
Seven sectors were down, while four rose.
Utilities and Mining were the worst peforming sectors, while Healtcare and IT were the best.
In big cap news today, PNG-focused Oil Search(ASX:OSH) rose by 6% after it rejected a takeover proposal from Santos Ltd (ASX:STO).
Santos had offered a scrip-for-scrip offer (0.589 new Santos share for each OSH share).
OSH said it was not in the best interest of shareholders, but was still willing to pursue further talks.
Oil Search $OSH is up 4.8% to $3.84. Based on $STO closing price on 24 June (submitted all-scrip offer on 25 June) implied a transaction price of $4.25 per $OSH share. https://t.co/jHF8AGntJH
— CommSec (@CommSec) July 20, 2021
TODAY’S BIGGEST WINNERS
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| CLZ | Classic Min Ltd | 0.0015 | 50.0% | 23,649,999 |
| PCL | Pancontinental Oil | 0.002 | 33.3% | 774,976 |
| LPE | Locality Planning | 0.235 | 30.6% | 1,711,487 |
| DXN | DXN Limited | 0.0125 | 25.0% | 18,877,036 |
| WOO | Wooboard Tech Ltd | 0.0025 | 25.0% | 1,291,682 |
| CYQ | Cycliq Group Ltd | 0.027 | 22.7% | 7,755,453 |
| GSN | Great Southern | 0.061 | 22.0% | 467,710 |
| ARC | Aust Rural Cap Ltd | 0.32 | 20.8% | 39,973 |
| HNR | Hannans Ltd | 0.007 | 16.7% | 1,257,142 |
| MRD | Mount Ridley Mines | 0.0035 | 16.7% | 3,366,567 |
| PSL | Paterson Resources | 0.064 | 16.4% | 10,735,712 |
| DTZ | Dotz Nano Ltd | 0.36 | 16.1% | 782,637 |
| RGI | Roto-Gro Intl Ltd | 0.045 | 15.4% | 15,238,209 |
| WCN | White Cliff Min Ltd | 0.015 | 15.4% | 4,873,696 |
| TPD | Talon Energy Ltd | 0.008 | 14.3% | 21,218,723 |
| RMI | Resource Mining Corp | 0.017 | 13.3% | 80,500 |
| DDD | 3D Resources Limited | 0.0045 | 12.5% | 1,026,894 |
| EN1 | Engage:Bdr Limited | 0.0045 | 12.5% | 475,000 |
| MRQ | Mrg Metals Limited | 0.009 | 12.5% | 1,518,717 |
| BIR | BIR Financial Ltd | 0.04 | 11.1% | 462,448 |
| XST | Xstate Resources | 0.005 | 11.1% | 16,039,137 |
| RLG | Roolife Group Ltd | 0.03 | 11.1% | 1,256,052 |
| RCE | Recce Pharmaceutical | 1.06 | 10.4% | 974,060 |
| GOW | Gowing Bros. Limited | 2.7 | 9.8% | 18,917 |
| 8VI | 8Vi Holdings Limited | 4.53 | 9.7% | 3,671 |
Recce Pharma (ASX:RCE) rose by 6% after announcing the Chinese Patent Office has granted “Anti-Virus Agent and Method for Treatment Of Viral Infections” related to RECCE 327. This is the third patent to be granted to the company following its recent patent grant in Europe and Japan.
Elmore (ASX:ELE) rose by 8% after executing an agreement to increase the scope and remuneration of the Peko Iron, Gold, Copper and Cobalt Project, located near Tennant Creek in the Northern Territory. Elmore will earn a 25% equity stake in the Project, though some of this equity may be further on-sold as part of the funding package required by Elmore to deliver the Project.
Roto-Gro (ASX:RGI) rose by 12% after receiving $2.2 million in firm commitments through a placement to professional and sophisticated investors. The placement received strong support including a cornerstone investment of $717k by EverBlu Capital and its principals.
TODAY’S BIGGEST LOSERS
| Code | Company | Price | % | Volume |
|---|---|---|---|---|
| CCE | Carnegie Cln Energy | 0.002 | -20.0% | 9,096,195 |
| BAS | Bass Oil Ltd | 0.0025 | -16.7% | 2,800,797 |
| LNY | Laneway Res Ltd | 0.005 | -16.7% | 500,000 |
| MCT | Metalicity Limited | 0.011 | -15.4% | 2,459,606 |
| NOR | Norwood Systems Ltd. | 0.017 | -15.0% | 2,727,655 |
| AER | Aeeris Ltd | 0.12 | -14.3% | 10,000 |
| KNM | Kneomedia Limited | 0.006 | -14.3% | 175,000 |
| OAU | Ora Gold Limited | 0.019 | -13.6% | 1,209,833 |
| LEX | Lefroy Exploration | 0.685 | -13.3% | 670,607 |
| EDE | Eden Inv Ltd | 0.02 | -13.0% | 10,768,382 |
| APV | Appsvill | 0.054 | -12.9% | 626,740 |
| MTB | Mount Burgess Mining | 0.007 | -12.5% | 5,161,036 |
| RXH | Rewardle Holding Ltd | 0.014 | -12.5% | 259,629 |
| GTE | Great Western Exp. | 0.14 | -12.5% | 100,472 |
| M2R | Miramar | 0.175 | -12.5% | 172,093 |
| EMU | EMU NL | 0.029 | -12.1% | 2,109,803 |
| CFO | Cfoam Limited | 0.015 | -11.8% | 27,755,425 |
| TTA | TTA Holdings Ltd | 0.031 | -11.4% | 706,235 |
| NES | Nelson Resources. | 0.047 | -11.3% | 886,752 |
| 1AD | Adalta Limited | 0.12 | -11.1% | 2,282,633 |
| ONX | Orminexltd | 0.04 | -11.1% | 229,131 |
| ADV | Ardiden Ltd | 0.008 | -11.1% | 1,474,941 |
| EFE | Eastern Iron | 0.016 | -11.1% | 18,424,075 |
| LMG | Latrobe Magnesium | 0.016 | -11.1% | 375,687 |
| RIM | Rimfire Pacific | 0.008 | -11.1% | 2,225,354 |
ANNOUNCEMENTS YOU MAY’VE MISSED
Fintech MoneyMe (ASX:MME) announced a restructuring of its primary warehouse facility, increasing its external funding capacity by 47% to $338 million. The company also said it successfully closed a $7m tap of its corporate bond on the same terms as disclosed to the market in April.
Delta Drone (ASX:DLT)’s mining specialist brand, Rocketmine, has secured a $120k deal for survey mapping, blast monitoring and inspection services with Rustenberg Platinum Mines, a wholly owned subsidiary of Anglo American Platinum, the world’s largest producer of platinum in South Africa.
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