Market Update: Brent prices save Energy sector from a sea of red

The Market Herald03-15

The ASX200 has traded down well over a per cent this morning – performing worse than predicted. All sectors, except Energy and Real Estate, have been in the red, with Materials shedding more than 2 ...

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Utilities is also making small gains in mid-afternoon trades.In this bulletin, we’ll look at news from West African Resources, Iress, Raiden Resources, and Recce Pharmaceuticals.West African Resources  has been up half a per cent on market afterintercepting more gold at its Sanbrado Gold operations in Burkina Faso.The best results from recent underground diamond drilling in the northern shoot at the M1 South target of interest was 9.5m at more than 80  grams per tonne of gold from a depth of 62 metres.$1.6 billion market cap financial services tech companyIress has added well over half a per cent after securing a binding agreement to divest its UK mortgages business to Bain Capital Tech Opportunities in a A$164.3 million deal.Copper-gold explorerRaiden Resources  released its half y","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"RCE.AU":"RECCE PHARMACEUTICALS LTD","BK7096":"制药","WAF.AU":"WEST AFRICAN RESOURCES LTD","BK7016":"应用软件","BK4204":"教育服务","UTI":"环球技术学院","BK7506":"金矿股","BK7104":"黄金","RDN.AU":"RAIDEN RESOURCES LTD","IRE.AU":"IRESS LTD","BK7503":"科技股","BK7095":"多种金属与采矿"},"translate_title":"市场最新消息：布伦特原油价格将能源行业从红色海洋中拯救出来","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IRE.AU":1,"RCE.AU":1,"RDN.AU":1,"UTI":1,"WAF.AU":1},"content_text":"The ASX200 has traded down well over a per cent this morning – performing worse than predicted.\nAll sectors, except Energy and Real Estate, have been in the red, with Materials shedding more than 2 per cent. Utilities is also making small gains in mid-afternoon trades.\nIn this bulletin, we’ll look at news from West African Resources, Iress, Raiden Resources, and Recce Pharmaceuticals. \nIn company news, \nWest African Resources (ASX:WAF) has been up half a per cent on market after intercepting more gold at its Sanbrado Gold operations in Burkina Faso.\nThe best results from recent underground diamond drilling in the northern shoot at the M1 South target of interest was 9.5m at more than 80 (81.91) grams per tonne of gold from a depth of 62 metres.\nThe company claims it’s on track to produce 4 million ounces of gold over the next decade, with production set to peak in 2029 at more than 470,000 ounces of gold. \nWAF has been trading at $1.01. \n$1.6 billion market cap financial services tech company Iress (ASX:IRE) has added well over half a per cent (0.65)  after securing a binding agreement to divest its UK mortgages business to Bain Capital Tech Opportunities in a A$164.3 million deal. \nNet proceeds from the sale are expected to lie between A$135 and 141 million. \nIRE has been trading at $8.51.\nCopper-gold explorer Raiden Resources (ASX:RDN) released its half year report focussed on lithium exploration in the Pilbara region in Western Australia. \nSome rock chip samples from its Andover project have returned grades up to 3.8 per cent lithium. \nThe company held $7.7 million cash and equivalents at the end of December.\nRDN has been trading at 2.4 cents. \nAnd Recce Pharmaceuticals (ASX:RCE) has traded up as much as 6 per cent after completing dosing of four people at a fast, 20-minute, infusion rate for its RECCE 327 (R237) synthetic antibiotic. The trial is for treating  urinary tract infection (UTI) and urosepsis.\nWork is now set to begin on data evaluation and review – which will be undertaken by an Independent Safety Committee – and recruitment for the next testing cohort. \nRecce intends to then progress to a Phase II UTI/Urosepsis efficacy trial.\nRCE has been trading at 44.5 cents. \nThat’s news for now.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2419996054"}