ASX Market Close: Index tracks sideways as Real Estate stocks surge | October 3, 2024

ASX News Market Summary
03 Oct 2024 16:58 (AEST)

The ASX200 closed up less than a tenth of a percent 0.09% at 8,205 points in a flat days trade.

All in all, investors continue to assess broad risks associated with escalating tensions in the Middle East.

Real Estate stocks performed the best, up more than 1.65%, followed by Telecommunication, up 0.35% and Industrials, up 0.3%. Utilities were the worst performing sector, down 0.4% and Discretionary, down 0.35%.

In the Green

Horizon Minerals (ASX:HRZ) closed up 2.13% after first ore was mined at its Boorara Gold Project near Kalgoorlie, Western Australia. The company expects to pour first gold and mint first revenues very soon.

Horizon Minerals closed at 4.8 cents.

Antipa Minerals (ASZ:AZY) has finished up more than 4.55% after appointing Mark Rodda as its new Executive Chair of the company.

Antipa Minerals closed at 2.3 cents.

Lumos Diagnostics (ASX:LDX) closed up more than 16.22% after receiving US$3 million in funding to develop a blood sample test to diagnose if a patient has a bacterial infection.

Lumos Diagnostics wrapped up the day at 4.3 cents.

In the Red

Pilbara Minerals (ASX:PLS) closed down 4.83% on reports Morgan Stanley and Bank of America executed trades at a 4.1% discount to the value of $270 million before the open. Investors reacted by marking down the stock.

Pilbara Minerals called it quits at $3.15.

Energy Transition Minerals (ASX:ETM) closed down 12% after updating the market it had received an adjournment notice in its tribunal proceedings against the government of Greenland over a disputed mining permit.

Energy Transition Minerals closed at 2.2 cents.

Critical minerals explorer Tivan (ASX:TVN) closed down 2.1% on news it will kick off maiden drilling at Sandover before EOY. The Sandover project sits 100km north of Alice Springs in the Northern Territory covering a mammoth 8,000sq.km.

However, Tivan closed lower at 4.6 cents.


arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.