The broader ASX continued its losing streak, shedding another 0.5% while the benchmark ASX 200 closed at 7,465 points, which is 2.2% lower than last Friday’s close.

Health and consumer discretionary goods were rays of sunshine with gains of 1.95% and 1.48% respectively.

But biggest decline came from the resources sector, which lost 3.68% following a further decline in iron ore prices that analysts linked to demand concerns linked to China’s steel output restrictions. Iron ore prices are now down over 30% in the last month.

The rest of Asia was more bearish than Australia with Hong Kong, Seoul and Shanghai leading the laggards although New Zealand went the other way and gained nearly 2%.

 

TODAY’S BIGGEST WINNERS

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Code Company Price % Volume
PCL Pancontinental Oil 0.002 33 11452120
ALT Analytica Limited 0.0025 25 170000
HXL Hexima 0.28 24 220708
MM8 Medallion Metals. 0.235 24 66907
ZEO Zeotech Limited 0.1025 21 10860598
KLR Kaili Resources Ltd 0.03 20 108400
VMS Venture Minerals 0.099 19 43029252
RBL Redbubble Limited 3.64 19 16543261
NWH NRW Holdings Limited 1.955 17 13156270
IRD Iron Road Ltd 0.205 17 112532
WFL Wellfully Limited 0.09 17 6907671
AGE Alligator Energy 0.028 17 34394860
TRS The Reject Shop 5.67 17 397944
ARC Aust Rural Cap Ltd 0.695 16 137401
SPA Spacetalk Ltd 0.19 15 236922
RPM RPM Automotive Group 0.35 15 1130488
OEX Oilex Ltd 0.004 14 1680000
GBE Globe Metals &Mining 0.16 14 4656988
CNU Chorus Limited 6.9 14 1625847
FZO Family Zone Cyber 0.765 14 7196419
GFN Gefen Int 0.775 14 89494
WHK Whitehawk Limited 0.17 13 3978982
WSA Western Areas Ltd 2.8 13 14683795
ENX Enegex Limited 0.097 13 406462

Redbubble (ASX:RBL) released its annual results and while shares initially fell this morning they staged a stunning recovery in the afternoon.

Also rising from financial results were RPM Automotive (ASX:RPM) and NRW Holdings (ASX:NWH).

Iron ore stock Venture Minerals (ASX:VMS) reported booking the company’s first shipment for early September.

And cybersecurity play Whitehawk (ASX:WHK) announced a contract with the US Federal government had been renewed.

 

TODAY’S BIGGEST LOSERS

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Code Company Price % Volume
ANL Amani Gold Ltd 0.001 -33 22206634
AIB Aurora Glb Trust 0.105 -22 11973
CXX Cradle Resources Ltd 0.039 -19 996931
AAJ Aruma Resources Ltd 0.068 -17 902279
NOR Norwood Systems Ltd. 0.015 -17 1572972
AMD Arrow Minerals 0.005 -17 599285
BCI BCI Minerals Ltd 0.43 -16 3561301
AOA Ausmon Resorces 0.006 -14 745844
XST Xstate Resources 0.003 -14 2618394
PTR Petratherm Ltd 0.055 -13 9604
AYM Australia United Min 0.007 -13 408511
JDR Jadar Resources 0.028 -13 6253377
CAU Cronos Australia 0.105 -13 534137
SRH Saferoads Holdings 0.215 -12 7332
ARN Aldoro Resources 0.445 -12 2022802
FG1 Flynngold 0.15 -12 60000
FHS Freehill Mining Ltd. 0.03 -12 1015634
NNG Nexion Group 0.19 -12 112551
AGR Aguia Res Ltd 0.055 -11 412130
LNY Laneway Res Ltd 0.004 -11 68181
OEL Otto Energy Limited 0.008 -11 2376511
ROG Red Sky Energy. 0.008 -11 8954627

Jadar Resources (ASX:JDR) fell after completing a capital raising.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Auroch Minerals (ASX:AOU) kicked off its much-anticipated Nepean Deeps diamond drill program that will examine the potential for nickel mineralisation below old mine workings. The first two holes of the program are designed primarily as platform holes for downhole geophysical surveys and the remaining four holes will then test the highest priority targets for potential nickel sulphide mineralisation.

Amidst the otherwise rough day for the resources sector, Western Areas (ASX:WSA) confirmed an approach from major miner IGO (ASX:IGO) to the market this morning, sending its shares skyrocketing by more than 12%. “Western Areas confirms that it is in preliminary discussions with IGO Limited in relation to a change of control proposal and the basis upon which engagement and due diligence between the parties could proceed,” the company said in a statement.

Lithium player Vulcan Energy (ASX:VUL) has a listing on the German Frankfurt exchange on the way, and is building its corporate profile in Germany as well – with an endorsement in Germany from 2016 Formula-One champion Nico Rosberg. Since retiring from F1 Rosberg has launched the Extreme E off-road racing series and Vulcan have come on board as a sponsor as they prep a DFS on a project the company claims will make it Europe’s first carbon negative lithium chemical producer.

Tech venture Fatfish Group (ASX:FFG) is ready to ramp up its BNPL and fintech businesses in Southeast Asia after announcing a fresh $8 million funding. Currently, its Southeast Asian investment portfolio consists of Smartfunding (89.4% stake), Forever Pay (85% stake), Payslowslow, Payment gateway Pay Direct, and Fatberry.

Today it was announced Australian companies setting up websites will have a new namespace option – by registering their name before the .au. Domain registrar Webcentral (ASX:WCG) today said it supported this innovation and had a substantial opportunity awaiting it.

NeuroScientific Biopharma (ASX:NSB) rocketed 10% after it announced results of studies on lead drug EmtinB, to treat severe symptoms arising from COVID-19. The study indicated there’s a strong therapeutic potential for EmtinB in preventing severe immune responses resulting from COVID-19 infections.

 

TRADING HALTS

Friday

Zimi (ASX:ZMM) – capital raising
Pental (ASX:PTL) – acquisition and capital raising

Monday

NeuroScientific Biopharmaceuticals (ASX:NSB) – further information from pulmonary studies
DC Two (ASX:DC2) – commercial agreements
Marquee Resources (ASX:MQR) – capital raising
S2 Resources (ASX:S2R) – capital raising
Aspen Group (ASX:APZ) – capital raising
intelliHR (ASX:IHR) – reseller agreement
Noxopharm (ASX:NOX) – clinical program update