{"id":11189,"date":"2021-03-02T05:20:35","date_gmt":"2021-03-02T05:20:35","guid":{"rendered":"https:\/\/economicherald.net\/?p=11189"},"modified":"2021-03-02T05:20:35","modified_gmt":"2021-03-02T05:20:35","slug":"last-orders-the-asx-loses-ground-after-strong-start-to-trading","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=11189","title":{"rendered":"Last Orders: The ASX loses ground after strong start to trading"},"content":{"rendered":"<p>The ASX gained as much as 1 per cent in the first hour of trade but gave up the gains into the afternoon.<\/p>\n<p>The ASX 200 finished the day down 0.40 per cent at 6,762 while the ASX Small Ords lost 0.49 per cent to close at 3,136 and the ASX Emerging Companies Index fell 0.47 per cent to 2,029.<\/p>\n<p>All sectors were in the red except financials and consumer staples. The biggest laggards were energy and resources.<\/p>\n<p>However, 2 stocks gained over 100 per cent today \u2013 investment company\u00a0<a href=\"https:\/\/stockhead.com.au\/company\/mariner-corp-mcx\/\">Mariner Corporation (ASX:MCX)<\/a> from no news and Queensland focused gold explorer <a href=\"https:\/\/stockhead.com.au\/company\/cannindah-resources-cae\/\"><strong>Cannindah Resources<\/strong>\u00a0(ASX:CAE)<\/a>, which rose from exploration results.<\/p>\n<p>Today saw the IPO of additive manufacturer <a href=\"https:\/\/stockhead.com.au\/company\/3d-metalforge-3mf\/\">3D Metal Forge (ASX:3MF)<\/a> which rose 40 per cent on.<\/p>\n<p>\u00a0<\/p>\n<h2>ANNOUNCEMENTS<\/h2>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/resapp-health-rap\/\"><strong>ResApp (ASX:RAP)<\/strong><\/a> has won CE Mark certification for its wearable device that can diagnose respiratory disease using cough audio.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/valor-resources-val\/\"><strong>Valor Resources (ASX:VAL)<\/strong><\/a> hired consulting company TerraLogic Exploration to help it with its Hook Lake and Cluff Lake uranium projects in rural Canada.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/nutritional-growth-solutions-ngs\/\" target=\"_blank\" rel=\"noopener\">Nutritional Growth Solutions (ASX:NGS)<\/a> partnered with child celebrity and social influencer Gavin Thomas to promote its Healthy Height products in China.<\/p>\n<p>Silica sands play <a href=\"https:\/\/stockhead.com.au\/company\/metallica-minerals-mlm\/\"><strong>Metallica Minerals (ASX:MLM)<\/strong><\/a> upgraded its Resource Area by 298 per cent from 12.85 million tonnes to 38.3 million tonnes at 99 per cent silica.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/intiger-group-iam\/\"><strong>Complii Fintech (ASX:CF1)<\/strong><\/a> was chosen by the Australian Investment Exchange as its risk and compliance management platform provider. The deal will reap approximately $400000 in implementation costs and $300,000 in ongoing license and hosting fees.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/osprey-medical-osp\/\"><strong>Osprey Medical, Inc. (ASX:OSP)<\/strong><\/a> has announced the further expansion of its national sales footprint in the US today, signing three new Independent Sales Agency (ISA)agreements with Access Medical Inc., Consolidated Medical Supplies Inc. and DriKot Medical Inc. The new agreements extend the distribution reach of Osprey\u2019s DyeVert technology into an additional seven states in the US currently outside of their existing direct salesforce coverage.<\/p>\n<h2>TRADING HALTS<\/h2>\n<p><strong>Wednesday<\/strong><\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/k-tig-ktg\/\"><strong>K-TIG (ASX:KTG)<\/strong><\/a>\u00a0\u2013 sovereign capability grant<br \/>\n<a href=\"https:\/\/stockhead.com.au\/company\/bellevue-gold-bgl\/\"><strong>Bellevue Gold (ASX:BGL)<\/strong><\/a>\u00a0\u2013 auditor issue<br \/>\n<a href=\"https:\/\/stockhead.com.au\/company\/ionic-rare-earths-ixr\/\"><strong>Ionic Rare Earths (ASX:IXR)<\/strong><\/a>\u00a0\u2013 Mineral Resource Estimate<br \/>\n<a href=\"https:\/\/stockhead.com.au\/company\/indiana-resources-ida\/\"><strong>Indiana Resources (ASX:IDA)<\/strong><\/a>\u00a0\u2013 drilling program results<br \/>\n<a href=\"https:\/\/stockhead.com.au\/company\/australian-rural-capital-arc\/\"><strong>Australian Rural Capital (ASX:ARC)<\/strong><\/a>\u00a0\u2013 capital raising<br \/>\n<a href=\"https:\/\/stockhead.com.au\/company\/hawkstone-mining-hwk\/\"><strong>Hawkstone Mining (ASX:HWK)<\/strong><\/a>\u00a0\u2013 metallurgical test work results<br \/>\n<a href=\"https:\/\/stockhead.com.au\/company\/pacific-smiles-psq\/\"><strong>Pacific Smiles (ASX:PSQ)<\/strong><\/a> \u2013 capital raising<\/p>\n<p><strong>Thursday<\/strong><\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/hot-chili-hch\/\"><strong>Hot Chili (ASX:HCH)<\/strong><\/a> \u2013 exploration results<br \/>\n<a href=\"https:\/\/stockhead.com.au\/company\/genetic-technologies-gtg\/\"><strong>Genetic Technologies (ASX:GTG)<\/strong><\/a> \u2013 distribution agreement<br \/>\n<a href=\"https:\/\/stockhead.com.au\/company\/aspermont-asp\/\"><strong>Aspermont (ASX:ASP)<\/strong><\/a> \u2013 capital raising<br \/>\n<a href=\"https:\/\/stockhead.com.au\/company\/ausmex-mining-amg\/\"><strong>Ausmex Mining (ASX:AMG)<\/strong><\/a> \u2013 upgraded resource<br \/>\n<a href=\"https:\/\/stockhead.com.au\/company\/magmatic-resources-mag\/\"><strong>Magmatic Resources (ASX:MAG)<\/strong><\/a> \u2013 capital raising<br \/>\n<a href=\"https:\/\/stockhead.com.au\/company\/thomson-resources-tmz\/\"><strong>Thomson Resources (ASX:TMZ)<\/strong><\/a> \u2013 project acquisition<\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/news\/last-orders-the-asx-loses-ground-after-strong-start-to-trading\/\">Last Orders: The ASX loses ground after strong start to trading<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The ASX gained as much as 1 per cent in the first hour of trade but gave up the gains into the afternoon. The ASX <a href=\"https:\/\/economicherald.net\/?p=11189\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":11190,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Last Orders: The ASX loses ground after strong start to trading - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=11189\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Last Orders: The ASX loses ground after strong start to trading - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"The ASX gained as much as 1 per cent in the first hour of trade but gave up the gains into the afternoon. 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