(MENAFN- ProactiveInvestors)
Australian stocks dipped today with the ASX200 down 5.2 points or 0.1% to 5610.3 with mining stocks weighing on the market.
The Materials Index fell 1.6% to 9251.
() down 3.1% to $28.71 while () dived 7% to $2.07.
Newcrest () fell 2.0% to $14.17 and (ASX:RIO) is down 2.7% to $55.91
Market Action here…
() climbed 33.3% to $0.004 with more than 36 million shares traded after the company received local government endorsement for its Batangas Gold Project in the Philippines.
The company is also advancing the Definitive Feasibility Study (DFS) towards completion and new resource models are in progress.
The endorsement of the projects development and production plan is a critical step in the final mine permitting process.
Batangas has now been endorsed by all directly affected Local Government Councils having already received the required endorsement of the ten Barangay (township) Councils earlier in the year.
Elementos () rocketed 83.3% to $0.011 with almost 5.3 million shares traded while () climbed 20% to $0.006.
() is up 11.1% to $0.03 and () rose 10% to $0.11.
Blue Chip Stocks
Oil and Gas
Oil Search () down 0.3% to $7.27
() down 3.9% to $7.78
() down 0.3% to $34.23
Big 4 banks
ANZ Bank (ASX:ANZ) down 0.6% to $31.82
() down 0.3% to $82.62
() down 0.4% to $33.52
() up 0.1% to $32.30
Other banks financials and industrials
() up 1.8% to $6.40
() down 0.1% to $12.93
Bendigo and Adelaide Bank () down 0.3% to $12.05
() up 0.2% to $79.03
Suncorp () down 0.5% to $13.10
() up 0.2% to $6.14
Retailers
JB Hi-FI () down 2.2% to $20.97
() down 0.7% to $43.43
Woolworths () up 0.2% to $28.15
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.