Top 10 at 11: ASX pulls back from early gains; ASX biotechs go global
With the market opening at 10am sharp eastern time, the data is taken at 10.15am, once trading kicks off in earnest.
In brief, this is what the market has been up to this morning.
ASX surges out the gate
It was briefly an excellent start for the ASX 200 this morning, up 0.59% as of about 10:30 am AEST with 7 of 11 sectors in the green... that didn't last the 20 minutes it took to finish writing this piece.
We're now up just 0.02% at just after 11 am AEST, with only two sectors making any progress to speak of.
Materials has added 1.88% and energy just 0.04% with discretionary (-0.72%) leading losses. It's looking like we may be in for a chaotic day of trade this Friday morning.
Several biotech companies are topping our small cap winners charts this morning despite a general sector malaise (healthcare is down -0.20%), branching out into new markets with international commercial launches.
WINNERS
Code Name Last % Change Volume Market Cap
FAL Falcon Metals ltd 0.325 71% 2422855 $33,630,000
RMI Resource Mining Corp 0.018 29% 303040 $10,282,347
LKY Locksley Resources 0.086 26% 13139153 $12,466,666
TRP Tissue Repair 0.27 26% 203740 $12,999,941
FHS Freehill Mining Ltd. 0.005 25% 1000000 $13,655,414
BMM Bayan Mining and Min 0.06 20% 756106 $5,147,770
BCM Brazilian Critical 0.012 20% 1738102 $13,105,332
AGH Althea Group 0.033 18% 12125932 $23,032,110
SVY Stavely Minerals Ltd 0.014 17% 1000000 $6,528,505
HIQ Hitiq Limited 0.015 15% 279000 $5,976,073
In the news...
Biotech Tissue Repair (ASX:TRP) is a step closer to establishing commercial-scale production for its TR Pro wound care products after teaming up with Advanced Cosmeceuticals in Australia and Amellie and Proud Co in Thailand.
While TRP will retain global rights to its TR Pro products, the two distribution partners will lead commercial launch strategies, offering Tissue Repair access to established commercial channels.
Concussion management technology company HitIQ (ASX:HIQ) has expanded into the UK market, launching its PROTEQT system for rugby players and similar 'collision sports' like hockey.
HIQ is running a dual business model with both upfront product sales and an ongoing subscription; players receive a new instrumented mouthguard each year that includes the latest innovations.
A startingly high-grade gold hit of 1.2m at 543 g/t has brought Falcon Metals (ASX:FAL) sharply into the spotlight, as the company drills the first wedge hole at the Blue Moon prospect.
FAL was topping ASX charts last week on claims they'd found Bendigo-style gold mineralisation after hitting 0.3m at 48.7 g/t gold at Blue Moon.
These latest results certainly support that assertion – the Bendigo Goldfield has produced 22 million ounces of gold since it was first discovered in 1851, a bounty Falcon is keen to tap into.
LAGGARDS
Code Name Last % Change Volume Market Cap
HLX Helix Resources 0.001 -50% 4012451 $6,728,387
AOA Ausmon Resorces 0.001 -33% 64000 $1,966,820
OB1 Orbminco Limited 0.001 -33% 1275000 $5,103,852
ALR Altairminerals 0.003 -25% 603750 $17,186,977
EV1 Evolutionenergy 0.012 -20% 37500 $5,439,757
ADD Adavale Resource Ltd 0.02 -20% 3101206 $2,859,088
ECT Env Clean Tech Ltd. 0.002 -20% 1 $10,038,589
MEM Memphasys Ltd 0.004 -20% 124000 $9,917,991
QXR Qx Resources Limited 0.004 -20% 100000 $6,551,644
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News.com.au
4 minutes ago
- News.com.au
Two winning tickets have shared in the $30m Oz Lotto jackpot on Tuesday night
Life's about to change for at least two lucky Aussies who hold the winning tickets in Tuesday's Oz Lotto's draw, sharing the division one $30m jackpot. The winning tickets are worth $15m each. It is not yet known where the winning tickets were purchased. The winning numbers in Tuesday's draw are: 11, 32, 40, 42, 38, 29, 34 and the supplementaries are 15, 3 and 47. Six tickets across Australia will also share in the division two prize pool worth $448,521. Last month, a Tasmanian man become that state's biggest Lotto winner when he claimed the $70m jackpot. There have been 310 division one winning Lotto tickets across Australia this year taking home almost $1bn in prize money.
SBS Australia
an hour ago
- SBS Australia
Australia set to seal $10 billion warship deal with Japan with long-term cost unclear
Australia set to seal $10 billion warship deal with Japan with long-term cost unclear Published 5 August 2025, 8:12 am It's been lauded as a significant moment in Australia's relationship with Japan. The government is poised to sign a $10 billion deal with one of the nation's largest shipbuilders, for the design and build of the next generation of Australia's naval frigates. It came following an intense bidding process, but the long term cost to taxpayers is not yet clear.
West Australian
2 hours ago
- West Australian
Diggers & Dealers 2026: Greatland Gold boss Shaun Day denies talking disclosures with ASIC
Greatland Resources boss Shaun Day says he 'respects' the market's visceral reaction to a recent production downgrade, but denies speaking with the corporate cop about disclosures. The gold miner's share price had been riding as high as $7.30 on a strong Australian Securities Exchange debut made at the end of June that had shares on offer at $6.60. But a cut to the Telfer gold miner's expected production for the 2026 financial year seemingly spooked investors and wiped nearly 24 per cent off its share price, which fell from $6.89 to $5.24 and is yet to properly recover. The guidance downgrade, made within a short window of Greatland affirming the April numbers in its prospectus for an ASX listing in May, reportedly attracted the attention of the corporate cop. The Australian Financial Review's Street Talk column reported that the Australian Securities and Investments Commission had been asking questions about what the company and its advisers knew at the time of the float. Taking questions from media at Diggers and Dealers on Tuesday about whether ASIC had spoken to the Greatland, Mr Day said:'We weren't contacted to comment on that. If we had been, we would have said no.' An ASIC spokeswoman declined to comment when asked by The West Australian there had been any kind of engagement with Greatland. Asked more about the downgrade and the market's reaction, Mr Day kept things brief. 'I respect the market, but what we what we focused o was just making sure that we gave a clear update, and we're really confident that we can achieve that update.' Production for the 2026 financial year was dropped from a 300,000 ounce to 340,000 ounce band to between 260,000oz and 310,000oz
