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Markets in a Minute: Nova Minerals rallies, energy sector slumps

Markets in a Minute: Nova Minerals rallies, energy sector slumps

The ASX200 was up around a third of a per cent.

IT shone - the sector was up more than 1.5 per cent - and besides financials and energy, every sector finished in the green.

Green

Nova Minerals shot up after posting more broad, near-surface gold results at RPM North, within its Estelle project in Alaska. Highlights include 180 metres at 0.7 grams per tonne gold from 4 metres.

Titan Minerals was also up after confirming drilling at its Dynasty Gold project in Ecuador has extended mineralisation 150 metres west of previous resource limits.

Red

The energy sector was hit hardest today - energy giants Ampol, Santos, and Woodside Energy all shed around 2.5 per cent - dragging the sector down.

Bellevue Gold plunged after a safety incident in late December halted underground development. Work resumed on January 4 however, restoring access to high-grade zones.

#ASX200 #ASXMarketWrap #TechStocks #EnergyStocks #GoldStocks #DynastyGoldProject #GoldExploration #Financials #Santos #WoodsideEnergy

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