Live ASX News Today
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21st Feb 07:04 PM AEDT
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21st Feb 06:38 PM AEDT
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21st Feb 04:33 PM AEDT
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21st Feb 04:03 PM AEDT
Mesoblast (ASX:MSB) reports positive results from remestemcel-L study
Image source – © Robertprzybysz | Megapixl.com
The shares of ASX listed allogeneic cellular medicines provider, Mesoblast Limited (ASX:MSB), are grabbing today's spotlight. Investors are keeping the stock on their radar after the company announced its randomised, controlled study results of remestemcel-L.
MSB shares closed 1.785% higher at AU$1.140 per share today.
As per the release, the company achieved positive results from an interim analysis of the first patient cohort from the randomised, controlled study presented at the Congress of European Crohn's and Colitis Organisation (ECCO).
The patients, who had medically refractory ulcerative colitis or Crohn's colitis, showed rapid improvement & relaxation after receiving direct endoscopic delivery to areas of inflammation.
Medically refractory ulcerative colitis and Crohn's colitis patients have an active disease for at least six months. They lose response to at least one monoclonal antibody.
Meanwhile, patients in medically refractory Crohn's colitis exclude small bowel involvement and colorectal strictures.
As per the study, a single local delivery of remestemcel-L by colonoscopy resulted in rapid mucosal healing. It also resulted in disease remission in these refractory patients at high risk of surgical resection of their colon.
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21st Feb 04:03 PM AEDT
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21st Feb 03:58 PM AEDT
Why are Auking Mining (ASX:AKN) shares trading up
Image source: © Tomas1111 | Megapixl.com
Copper, gold and base metals exploration and development company, Auking Mining Limited (ASX:AKN) share prices are up by 37.84% to trade at AU$0.26 apiece as of 1:19 PM AEDT. The price rallied after the company shared the first assay results from the drilling program at Onedin, undertaken last year.
The drill hole AORD004 is one of the seven drill holes from the Onedin drilling program at the AKN’s flagship project – the Koongie Park project. The results have been received for the AORD004 hole, which intersected 105 meters at 1.94% Cu and 55 grams per tonne (g/t) Ag, including over 10% Cu and 316g/t AG from 130 meters depth.
The results from the remaining assay can be expected to be released in the coming weeks.
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21st Feb 03:43 PM AEDT
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21st Feb 02:14 PM AEDT
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21st Feb 02:05 PM AEDT
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21st Feb 01:57 PM AEDT
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21st Feb 01:49 PM AEDT
Crude oil rises on fresh Russia-Ukraine war warnings
Source: Copyright © 2022 Kalkine Media®
Crude oil gains more than US$1 during the early trading session on Monday on rising fears over possible conflict between Russia and Ukraine. At the same time, the US and European Union made it ultra-clear that Russia would face sanctions it invades Ukraine.
Ursula von der Leyen, the President of the European Commission stated that Russia would be cut off from international financial markets if it invades its neighbor.
May delivery Brent Crude oil futures last traded at US$90.94 per barrel down 0.49%, whereas April delivery WTI crude oil futures traded 0.63% down at US$89.64 per barrel as of 21 February 2022 at 12:44 PM AEDT.
The situation will become worse if Russia invades Ukraine as the West has already threatened Russia with new sanctions if it attacks Ukraine.
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21st Feb 01:44 PM AEDT
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21st Feb 11:38 AM AEDT
ASX 200 tumbles at open; TYR, SUL lead losses
The Australian share market continued its downtrend from Friday and opened lower on Monday, taking cues from a weaker session on Wall Street on Friday. Rising tensions between the US and Russia over Ukraine, especially after the warning from US of an imminent Russian invasion hurt investor sentiment. Weaker IT stocks have weighed the most on the market. The benchmark ASX 200 fell 0.78% or 56.3 points to 7,186 in the first 15 minutes of trading.
Wall Street ended lower on Friday after escalating tensions in Ukraine prompted investors to dump risky assets in the run-up to a long weekend. The Dow Jones Industrial Average took a hit of 0.68% to 34,079.18 points while the S&P 500 fell 0.72% to 4,348.87. The NASDAQ Composite ended the session 1.23% lower at 13,548.07.
As of 11:00 AM AEDT, the ASX 200 was trading 0.74% lower at 7,167.9, while the ASX All Ordinaries index was down 0.81% to 7,442. The A-VIX increased 7.34% to 17.82.
Coming to the sectoral front, nine out of the 11 Sectors were trading in red as investors fret over the US-Russia row. The IT sector was the top loser, falling 4.3%, followed by the healthcare and consumer discretionary sectors, both falling 1.73% and 1.77%, respectively. The utilities sectors was up 1.9%.
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21st Feb 11:14 AM AEDT
ASX 200 to fall after weak US closing
The Australian share market is expected to start the week in the red after a dismal ending on Wall Street on Friday. In addition, the escalating tensions in Ukraine and US warning of an imminent Russian invasion hurt investor sentiment, while weaker iron ore prices are likely to weigh on domestic miners.
According to the latest SPI futures, the ASX 200 is expected to open the day 51 points or 0.7% lower on Monday morning. The benchmark index fell 1% to 7,221.7 points on Friday.
On the other hand, Adairs, Altium, Ampol, BlueScope Steel, Cooper Energy, Endeavour Group, Latitude, Lendlease, NIB Holdings, Nuix, OZ Minerals, Reliance Worldwide, Senex, Sonic Healthcare, Super Retail and Viva Energy are a few companies which are scheduled to announce their earnings today.
On Wall Street, the Dow Jones fell 0.7%, the S&P 500 dipped 0.7%, and the NASDAQ ended 1.2% lower.
In Europe, the pan regional STOXX 600 share index retreated from initial gains to close down 0.81%. MSCI's gauge of stocks across the globe shed 0.85%.