The Last Trade || ASX Closes Above 7,400; Miner, Energy, Bank Stocks Lead

The last streaming segment of the day talks about the market closing scenario, along with giving a glimpse into the performance of the Asian markets. Watch The Last Trade on Kalkine TV and stay updated.

• Shares of Electro Optic Systems dropped as much as 7.7 per cent following the resignation of its chairman Fred Bart. Bart had been holding the post since its listing in 2002 and has overseen tremendous growth and success of the company.

• Gold miner Jervois Mining has announced they’re to acquire a 100 per cent stake in Finland-based Freeport Cobalt for US$160 million. The company has signed a stock purchase agreement to buy all the shares of Freeport Cobalt Oy and four affiliated entities from Koboltti Chemicals Holdings.

• Shares of real estate investment trust company, Dexus, were trading flat with marginal losses. The company said in an ASX update that it’s on track to acquire APN Property in an AU$320 million deal.

• The share price of Audeara rose nearly 5 per cent after the technology company reported strong earnings in June quarter. The company, engaged in the development of a hearing-aid, reported a 56 per cent year-on-year rise in revenue.

• Shares of online furniture retailer Temple & Webster Group rallied as much as 15 per cent. The company posted an 85 per cent rise in revenue for the full financial year ending 30 June 2021.

• The share price of steel maker BlueScope Steel spiked 5.7 per cent to hit 52-week high of AU$24.27 on strong earning guidance.

• The share price of Rio Tinto climbed 2.54 per cent to touch a record high of AU$133.42 after the company lowered its Canadian aluminum production.

• The mining and construction services provider NRW Holdings saw its shares fall as much as 2.8 per cent to AU$1.73. Earlier today, the shares opened higher and gained over 1 per cent on securing two contracts.

• Shares of the health care firm Japara Healthcare rallied 18.96 per cent to hit 52-week high of AU$1.38 after its board backed a takeover bid by Calvary.

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