ASX Market Close: Index falls back below 8,000 points as all sectors sold off | September 4, 2024

The Market Herald09-04

The ASX200 closed down around 1.9% at 7,950 points. Q2 growth numbers came in at 0.2%, in line with consensus expectations. All sectors fell, Materials and Energy both pulled back the most, down 3%, ...

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The sale equates to around 12% of Superloop at a price of $1.66 per share.\nAussie says its focused on growing Buddy Telco, Symbio and driving new investment in Aussie Fibre.\nAussie Broadband unplugged for the day at $3.44.\nIn the intersection between energy and materials, Lithium Australia (ASX:LIT) ended the day 15% higher after inking a deal with Chinese EV giant BYD.\nThe deal to offtake and recycle all of BYD Australia’s expired EV batteries is expected to be a major boost to its revenues.\nLithium Australia finished the day at 2.3 cents\nContact Energy (ASX:CEN) bucked the trend and closed up 6.6%. The company finalised yesterday the details of it Dividend Reinvest plan. New shares will be issued under the plan at a 2% discount on the 27th September.\nContact Energy closed at $7.92.\nIn the Red\nLiontown Resources (ASX:LTR) saw shares fall more than 6% as it told investors the first shipment of spodumene concentrate would leave Kathleen Valley later this month. \nLiontown Resources closed at 61 cents.\nPhoslock Environmental Technologies (ASX:PET) has appointed Graeme Newing as Chief Executive Officer. Mr Newing will also become a director of the company.\nPhoslock Environmental Technologies closed at 2.5 cents.\nLotus Resources (ASX:LOT) has inked two offtake arrangements to proceed its Kayelekera uranium project in Malawi, Africa.\nThe company has signed a binding agreement with PSEG Nuclear for the sale of uranium.\nLotus Resources closed at 21 cents.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"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":"4.29.1","shortVersion":"4.29.1","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/2464306317"}