ASX Market Close: Index hits new intra-day high in flat days trade | September 18, 2024

The Market Herald09-18

The ASX200 closed up 0.02% at 8,142 points in a flat days trade. Australian shares broke an intra-day record during a volatile day, as investors await the US Fed rate decision due tomorrow Australian ...

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It’s the first day of trading since China released underwhelming economic data last weekend and Iron ore futures fell 1.5 per cent to $US90.80 per barrel in Singapore.\nUtilities was the leading sector up 1.2%, followed by Energy, up 0.7%. The biggest losers today were Materials down 0.55% and Health Care, down 0.43%.\nIn the Green\n88 Energy (ASX:88E) closed up 33% after revealing a “significant contingent resource update” for Project Phoenix. The estimate has been verified by ERCE Australia, a globally respected authority in petroleum reserve and resource auditing.\n88 Energy closed at $0.002.\nMetalcity Ltd (ASX:MCT) closed up more than 11% after sharing a 77-hole maiden drilling program at its Yundamindra gold project in Western Australia shows high-grade mineralisation.\nMetalcity closed at 1.9 cents.\nOrigin Energy (ASX:ORG) closed up 2.2% after Macquarie released a broker note this morning. The investment bank has upgraded Origin’s stock to an outperform rating and a $10.43 price target, whilst noting the coal price is falling back to FY24 levels.\nOrigin Energy closed at $9.76\nIn the Red\nAurelia Metals (ASX: AMI) closed down around 5.8% after firing the first stope at its Federation Mine in New South Wales yesterday. Bogging of the ore is expected to kick off shortly.\nAurelia closed at 16 cents.\nParadigm Biopharmaceuticals (ASX:PAR) closed down around 5.7% after the US Federal Drug Administration (FDA) cleared a pathway for the company’s phase three clinical program for knee osteoarthritis.\nParadigm Pharmaceutical closed at 24.5 cents.\nThe big Australian BHP (ASX:BHP) closed down 0.9% as the trajectory of the iron ore price continues to drag on its stock price.\nBHP closed at $39.19.","kind":"highlight","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":"4.29.3","shortVersion":"4.29.3","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/2468307301"}