(MENAFN- ProactiveInvestors - Australia) Australian stocks have risen today with miners pulling the All Ords up 29.7 points, or 0.5%, to 5,608.6. The materials Index is up 1% to 9,871.8 points.
The benchmark iron ore spot price was at least not falling and was at $US83.60 a tonne. Many Chinese investors were away for the mid-autumn festival.
Meanwhile, the China Shanghai Index snapped a winning streak of the biggest weekly gain in 19 months as profit taking crept in as doubts surfaced as to the reasons behind the gains.
Regeneus (ASX:RGS) is up 3.57% to $0.29 after shareholders oversubscribed for its SPP by 10%, raising a further $300,000 to add to the $3,000,000.
This is in addition to the earlier $3,000,000 placement to institutional and sophisticated investors. Funds raised will accelerate development of its cancer vaccines as well as off-the-shelf stem cell therapy for human osteoarthritis.
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