ASX Market Close: Index rises as earnings season kicks off | August 12, 2024

The Market Herald08-12

The ASX200 closed up 0.46% at 7,813 points, as the market continues to recoup last weeks losses. The Information Technology sector climbed 2% higher in the wake of a solid Friday session on Wall ...

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The funds will be used to support construction of a phosphate fertiliser project and is subject to regulatory approvals.\nMinbos Resources finished the day at 7 cents.\nBass Oil (ASX:BAS) finished the day up 10% after announcing its Kiwi-1 extended production test is slated for October 18.\nKiwi-1 was originally drilled in 2003 and the company is hoping to replicate the positive results in the upcoming drill.\nBass Oil closed at 7.7 cents.\nEverest Metals Corporation (ASX:EMC) closed up 19% after sharing a high grade gold reef system has been confirmed by bulk sampling at its Revere project in WA.\nGeological interpretation confirms strong structural and mineralised system similarities to the world class Bendigo Gold Province of Victoria.\nEverest Metals Corporation closed at 12 cents.\nIn the Red\nPYC Therapeutics (ASX:PYC) closed down around 4.5% after releasing its latest clinical trial results. The company is developing a drug to treat patients with the blinding eye disease Retinitis Pigmentosa. Today the company announced an improvement in vision in two additional patients after they received the candidate drug\nThe market responded unfavourably to the news.\nPYC Therapeutics finished the session at 10.5 cents.\nAurizon Holdings (ASX:AZJ) closed down around 9% on the back of the release of its full year results. The company increased earnings by 14%, profit 11% and full year dividend 13%. 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