Market Update: ASX changes red outfit for more fashionable green


The ASX200 is trading up, around three quarters of a per cent with all sectors – barring staples – in the green.

Real estate is up 2.14 per cent, Telecommunications follows, up around 1.4 per cent. Staples is the only sector falling just into the red.

DRE

Dreadnought Resources (ASX:DRE) is up 6.25 per cent on the completion of drilling at 4 of it gold targets at its Central Yilgarn project, in Western Australia.

Drilling at each target intersected the expected mineralisation. Assay results are anticipated in June 2024.

DRE has been trading at 1.7 cents.

SGR

The Star Entertainment Group (ASX:SGR) is up more than 3% after it announced that Ms Anne Ward has been appointed as Chairman of the Board, effective immediately.

A search for a permanent Group CEO was commenced in March

SGR has been trading at 40 cents.

TEA

Tasmea Limited (ASX:TEA) is up nearly 10 per cent, on it IPO on the ASX. The stock climbed as much as 12.5% to trade at around $1.75 in morning trades.

Tasmea originally listed at A$1.56 raising just short of $60 million.

While gains were pared somewhat around lunchtime, over 2 million shares had changed hands by that point, indicating one of the healthier IPOs of the year.

TEA has been trading at $1.71.

RNT

And, Australian renting website, Rent.com (ASX:RNT) is up around 10 per cent, on an update of its renting platform, which processed $250 million of payments since its relaunch.

The company pointed out that payment growth on the platform, relating to its most recent $100 million in income, flowed twice as fast as the previous $100 million.”

The platform has 8’900 active users. RNT was trading at 3.6cents.


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