ASX Market Close: Index claws back early losses as Real Estate stocks rally | September 9, 2024

ASX News Market Summary
09 Sep 2024 17:25 (AEST)

The ASX200 has clawed back earlier losses and closed down 0.32%.

The Aussie bourse was driven by quieter than expected by US jobs data which is stoking fears of a recession.

Back home, sectors finished a mixed bag, and Discretionary and Energy were both the biggest fallers, down 0.8%. But Real Estate bucked the trend, up 1.1%, Information Technology was up 0.4% and Staples a quarter of a percent.

In the Green

Macro Metals (ASX:M4M) closed up more than 5.2% after being granted an exploration licence for its Goldsworthy East Project.

Stage 1 drilling will start soon with a minimum of 30 drilled holes, spaced 50 metres apart and to an average depth of 200 metres.

Macro Metals closed at 2 cents.

Opthea (ASX:OPT) closed up 14% on news the biopharmaceutical play will be added to the ASX300 later this month. In a presentation to investors today, the company says it has a $15 billion market opportunity for the VEGF-A Inhibitor it’s developing.

Opthea closed at 61 cents.

Guzman Y Gomez (ASX:GYG) closed up 4.8% after being included in the ASX200. The news means index funds will now buy the stock, and fund managers with strict rules will now be free to invest in the company.

Guzman Y Gomez closed at $40.35.

In the Red

Global Data Centre (ASX:GDC) finished down around 6.8%% after confirming its share of proceeds from the sale of AirTrunk as $123 million.

But after the sale of its Etix Everywhere and Perth Data Centre assets, the company says it has made no decision as to the future operations of GDC.

GDC finished the day at $3.27.

Woodside (ASX:WDS) closed down 1% and at a 12 month low, as the oil and gas producer combats falling oil prices and broker downgrades.

Morgan Stanley cut oil price forecast for second time today; and predicts US$75 per barrel in the December Quarter.

Woodside closed at $23.79.

Carnaby Resources (ASX:CNB) closed down more than 4.8% on a copper drill hit at the Mohawk Discovery.

The Mohawk discovery is part of the Greater Duchess Copper-Gold Project in Queensland’s Mt. Isa region.

Carnaby Resources closed at 39.5 cents.


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