The Australian market?s green run came to an end today as the key index closed Friday?s session 0.94% lower at 7063.60 points led by a sharp sell-off in tech stocks. For the week, the ASX has lost 0.66%.
The stocks that made headlines today were:
Core Lithium as shares in the lithium developer jumped 11.8% today possibly as a result of EV maker Rivian saying overnight that it is facing difficulties in sourcing raw materials and that the company will be following Tesla?s move by switching to lithium iron phosphate chemistry for its standard vehicles.
Home appliance manufacturer Breville took a hit today after announcing the acquisition of Italian premium home coffee equipment manufacturer Lelit for 113 million euros in cash and shares.
And Canarvon Energy rallied 10.5% today after the oil and gas exploration company announced that the drilling rig at its Pavo-1 well in the WA-438-P exploration permit, has now returned to full manning levels and is preparing to re-commence drilling and logging operations.