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The Markets
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Markets in a Minute: ASX Closes Lower as Energy Gains, Gold Miners Fall

Markets in a Minute: ASX Closes Lower as Energy Gains, Gold Miners Fall

The ASX 200 closed lower today, dropping down by about 0.1 of a per cent.

Healthcare was up - but only by about half a per cent - whilst IT and discretionary sunk - both shedding around 1.5 per cent.

GREEN

Altech Batteries shot up after unveiling a next-generation, fireproof UPS system built for Europe’s toughest gas and hydrogen infrastructure — promising safe, maintenance-free power in extreme conditions.

Elixir Energy was also up after striking a major overpressured gas column at its Diona-1 well in Queensland’s Surat-Bowen Basin, which is fully carried out by Xstate Resources.

RED

Catalyst Metals was down on news its first-quarter gold production missed expectations, coming in 2,000 ounces below plan at 17,600 ounces, though full-year guidance was reaffirmed.

Flagship Minerals plunged despite its Pantanillo Gold Project in Chile revealing a large gold-in-soil anomaly beyond current drilling, supporting plans to expand resources around the 1.05 million ounce qualifying foreign estimate.

#AltechBatteries #ElixirEnergy #CatalystMetals #FlagshipMinerals

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