Proactive’s Tylah Tully gives a market wrap for January 15.
The ASX closed 0.22% lower on January 15, 2025 at 8,213.3 points. The index has lost 1.63% over the past five days but gained 9.56% over the last 52 weeks.
Top performers included Liontown Resources (ASX:LTR), rising 7.41% to $0.58, and Guzman y Gomez, which added $1.67 (4.36%) to close at $40. On the other hand, Neuren Pharmaceuticals fell 8.25% to $11.01 after announcing that Acadia Pharmaceuticals submitted a Marketing Authorisation Application to the European Medicines Agency for trofinetide. If approved, trofinetide would become the first approved therapy for Rett syndrome in the EU, with potential sales of $170 million USD.
Sector-wise, eight sectors closed lower. Information Technology dropped 1.25% and Communication Services declined 1.21%. Consumer Discretionary managed a 0.19% gain.
A number of small caps benefitted from positive announcements with Yandal Resources Ltd (ASX:YRL) as much as 24.14% higher to $0.18 on demonstrating further gold discovery potential at the IWB Project, D3 Energy Ltd (ASX:D3E, OTCQB:DNRGF) hit $0.08, a rise of 23.08%, after positive production testing in South Africa, International Graphite Ltd (ASX:IG6) increased 22.92% to $0.059 on receiving a $4 million grant from the WA Government and St George Mining Ltd (ASX:SGQ) rose 21.74% to $0.028 after signing an offtake and development MoU.
Other increases in the sector were by Cyclone Metals Ltd (ASX:CLE), which lifted 13.47% to $0.059, Latrobe Magnesium Ltd (ASX:LMG, OTC:LTRBF) was 13.33% higher than the previous close at $0.017, QMines Ltd (ASX:QML) was as much as 6.78% higher at $0.063, Polymetals Resources Ltd (ASX:POL) rose 4.82% to $0.87, Altech Batteries Ltd (ASX:ATC, OTC:ALTHF) pushed up by 4.65% to $0.045 and Leeuwin Metals Ltd (ASX:LM1) was 4.35% higher than the previous close to $0.12.