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.

 

TODAY’S BIGGEST WINNERS

 

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

 

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.