(MENAFN- ProactiveInvestors)
Australian stocks have closed down as investors worry about an escalation of Greece’s debt standoff sending the All Ords down 12.7 points or 0.2% to 5757.4.
Financial stocks were amongst the worse hit with () down 0.6% to $36.81 and () falling 0.5% to $37.03.
ANZ Bank (ASX:ANZ) dropped 0.2% to $34.90 and () is down 0.4% to $92.59.
Market action here…
Shares in () jumped 66.7% to $0.03.
The company is currently raising up to $1771900 from a 1:1 pro-rata non-renounceable rights offer priced at $0.01 per share to re-start exploration at the Kimberley project.
Proceeds will be used to advance the exploration of the copper and gold potential of its East Kimberley tenement.
Previous drilling had intersected anomalous gold and copper intervals along the 5 kilometre long Chapman to Greys structural corridor.
() is up 33.3% to $0.004.
The company is relinquishing two Queensland tenements that have been identified as being less prospective.
It has also been progressing plans to develop a coking-PCI coal mine in Queensland with its T9 West Project Pre-Feasibility Study now at the mine planning and economic analysis stage.
Work completed to date identified likely operational synergies between Paragon Coals’ EPCs 956 and 957 and the adjacent EPC 2899 held by Tiaro.
Blue Chip Stocks
Major miners
() up 0.4% to $31.34
() down 0.4% to $2.49
Newcrest () up 1.7% to $14.12
(ASX:RIO) up 0.8% to $60.79
Oil and Gas
Oil Search () down 0.8% to $8.22
() down 1.4% to $7.97
() down 1.5% to $35.14
Other banks financials and industrials
() down 1.2% to $6.01
() up 2.1% to $13.68
Bendigo and Adelaide Bank () up 0.1% to $13.97
() up 0.4% to $67.50
Suncorp () down 2.6% to $14.42
() flat at $6.51
Retailers
JB Hi-FI () down 0.1% to $17.97
() down 0.6% to $44.17
Woolworths () down 0.1% to $32.29
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.