ASX Market Update: Utilities and Banks lead bourse higher | November 15, 2024

ASX News Market Summary
15 Nov 2024 13:30 (AEDT)

The ASX200 has been up 0.35% at 8,255 points in afternoon trade.

All four big banks are higher today and Westpac and ANZ are leading the charge, both up 1%.

Utilities are the best performing sector, up 2.7%, followed by Telecommunication and Industrials, up 1.1%.

Health Care is the one and only sector in the red today, down 2%.

Company News

Mineral Resources (ASX:MIN) has been down 4.2% on news companies connected to CEO Chris Ellison’s daughter were asked to repay $158,000. The request followed an investigation into a rent relief arrangement that lasted eleven years.

Mineral Resources closed at $33.82.

Neurizon Therapeutics (ASX:NUZ) has been up 5.2% on preclinical study results for its lead drug candidate in treating amyotrophic lateral sclerosis.

Neurizon Therapeutics has been 20 cents.

Stavely Minerals (ASX:SVY) has been down 7.4% after kicking off diamond drilling at its high-grade Junction Copper-Silver Discovery at its Copper-Gold Project in Western Victoria.

Stavely Minerals has been 2.5 cents.


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