Last Orders: Rough waters for investors as ASX falls 0.9 per cent
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The ASX was in the red today losing 0.9 per cent.
Tech and telecommunications were the only sectors in the green while materials and energy were the greatest laggards losing 1.57 per cent and 1.31 per cent respectively.
The ASX 200 closed at 6,738, 0.9 per cent lower than yesterday while the ASX Emerging Companies Index dropped 1.22 per cent to 1,989.
Its PeriCoach device will be registered with the Chinese Food and Drug Administration as a class II medical device meaning the device can become a prescription treatment in hospitals and healthcare centres.
Today’s new listee Kincora Copper (ASX:KCA) performed solidly too gaining 20 per cent.
Maggie Beer (ASX:MBH) has bought online gourmet hamper and gift business The Hamper Emporium and Gifts Australia. The company will pay $40 million of which half will be paid in cash and the other half in MBH shares. 75 per cent of the $40 million will be funded through a capital raising.
Expense management software 8common (ASX:8CO) won a contract extension with the New South Wales Department of Education until March 2023. This partnership covers 22,000 users and over 14,000 credit cards.
Fintech lender Wisr (ASX:WZR) has invested in European financial wellness fintech Arbor. The investment is via a convertible loan structure but could see it hold a stake of u to 45 per cent.
RooLife Group (ASX:RLG) told shareholders it expects 40 per cent more revenue for the March quarter than it previously told shareholders. Accelerating sales have led to it revising guidance from $2.5 million to $3.5 million.
Mincor Resources (ASX:MCR) has officially opened its Cassini nickel mine today. The company hopes to commence production and deliver nickel concentrates early next year.
XTEK (ASX:XTE) – distribution agreement
Digital Wine Ventures (ASX:DW8) – partnership
Houston We Have (ASX:HWH) – acquisition
Spirit Technology (ASX:ST1) – acquisition & capital raising
1ST Group (ASX:1ST) – changes to executive team
Opyl (ASX:OPL) – capital raising
Suvo Strategic Minerals (ASX:SUV) – project update
Strandline Resources (ASX:STA) – capital raising
Openpay (ASX:OPY) – partnership and funding package
Atrum Coal (ASX:ATU) – Alberta coal policy update
Nagambie Resources (ASX:NAG) – capital raising
Maggie Beer (ASX:MBH) – acquisition and capital raising
PayGroup (ASX:PYG) – acquisition and capital raising