The ASX200 had a turnaround, closing the week down 0.12%. Health Care led sector gains, up three quarters of a per cent, driven by top performers including Clinuvel, Race Oncology, and Immutep. On the other end, Materials and Financials suffered the worst losses, down 0.5% and 0.45% respectively.
The ASX200 was down 0.15% in lunchtime trades, nearly crossing into the green at 12 O Clock Sydney time before paring gains. Healthcare was in front, up 0.52% – partially driven by strong results from Clinuvel. Materials and Financials were the top draggers on the bourse on Friday in contrast to Thursday – that comes despite a rally in coal stocks and a rebound in the iron ore price.
Red Hill Minerals (ASX:RHI) has executed a conditional binding Heads of Agreement with Peel Far West Pty, a subsidiary of ASX-listed Peel Mining (ASX: PEX), to explore the Curnamona Project in New South Wales.
Saturn Metals' (STN) Apollo Hill gold project in WA is set to become one of the hottest names in the gold space, and not only because the company most recently boosted its resource by 25 per cent to nearly two million ounces of gold.
It was a busy September quarter in the small cap resource and energy spaces, with some major discoveries and project milestones achieved amid a strong outlook for most commodities.