The ASX 200 index traded in the red since the opening bell, but pared losses towards the close and ended just 0.27% lower.

The loss followed action on Wall Street overnight, as US investors digested weaker than expected US CPI data.

The energy sector was the main laggard today, losing 2%, with names such as Santos (ASX:STO) and Worley (ASX:WOR) falling by almost 4%.

The Resources and Utilities sectors also underperformed.

BHP (ASX:BHP) fell by  3.50% after telling investors that it has made a ‘miscalculation’ at the Jansen Potash Project in Canada.  The error means the company will spend an additional $US5.7 billion over the next six years to complete the first phase of the mine.

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Meanwhile, the Westpac Consumer Sentiment for September rose 2% despite COVID-19 lockdowns, after falling by 4.4% in August, the lowest point in a year according to Westpac.

BIG CAP WINNERS

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Calix Ltd (ASX:CXL) was the biggest winner, rising by 40%, after announcing that global decarbonisation investor Carbon Direct Capital Management has invested €15m for a 6.98% equity stake in Calix subsidiary, the LEILAC Group.

Calix says it will continue to own the remaining 93% of LEILAC, which holds the exclusive license of Calix’s Low Emissions Intensity Lime and Cement.

Pilbara Minerals (ASX:PLS) climbed again today, by 8%, and is up 15% this week since announcing sales of 8,000t SC5.5 spodumene cargo for an extraordinary $US2,240/t via its Battery Material Exchange (BMX) digital auction platform.

Uranium miner Paladin Energy (ASX:PDN) has risen by another 8% today, and has doubled over the past month. The stock has climbed on the back of red hot uranium prices, which have risen by 30% in the last 30 days.

Footwear retailer Accent Group (ASX:AX1) surged by 10% on no news.

 

BIG CAP LOSERS

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