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ASX closes 0.06% lower: Global oil prices fall

At the closing bell, the S&P/ASX 200 was 0.06 per cent lower at 7,298.50.

Among the 11 industry groups, four of them recorded declines.

Endeavour Group (ASX:EDV), a company heavily reliant on the Victorian poker machine market, saw its shares plummet by 9.9% due to concerns over new poker machine reforms in Victoria. This decline in Endeavour Group shares had a negative impact on the consumer staples sector.

The energy sector also contributed to the ASX’s decline as global oil prices dropped for a second consecutive day. The global benchmark Brent fell by 1.8% on Friday, approaching $US79 per barrel.

This decline affected energy-related stocks on the ASX, with Woodside Energy Group (ASX:WPL) experiencing a 0.9% decrease, Santos (ASX:STO) losing 1.8%, and Beach Energy (ASX:BPT) dropping by 1%.


The Dow Jones futures are pointing to a fall of 40 points.

The S&P 500 futures are pointing to a fall of 4 points.

The Nasdaq futures are pointing to a fall of 11 points.

The SPI futures are down 8 points.

Best and worst performers

The best-performing sector was Information Technology, up 0.88 per cent. The worst-performing sector was Energy, down 0.81 per cent.

The best-performing large cap was Yancoal Australia (ASX:YAL), closing 4.40 per cent higher at $4.98. It was followed by shares in Medibank Private (ASX:MPL) and Whitehaven Coal (ASX:WHC).

The worst-performing large cap was Endeavour Group (ASX:EDV), closing 9.90 per cent lower at $5.64. It was followed by shares in IGO (ASX:IGO) and Liontown Resources (ASX:LTR).

Asian markets

Japan’s Nikkei has lost 0.09 per cent.

Hong Kong’s Hang Seng has gained 0 per cent.

China’s Shanghai Composite has lost 0.18 per cent.

Company news

The Calmer Co. International (ASX:CCO) announced a record Q4 sales figure, up 80% compared to the Q3. This is largely due to deals with CJ Patel, RooLife and Amazon USA. Shares closed flat at 0.3 cents.

DroneShield (ASX:DRO) has received a record $33 million order from a U.S. Government agency. The award consists of DroneShield equipment and multi-year services. Shares closed 17 per cent higher at 31 cents.

Sovereign Metals (ASX:SVM) announced that Rio Tinto (ASX:RIO) is set to invest $40.1 million and become a 15% strategic investor. Chairman Ben Stoikovich commented: “The experience and expertise that Rio Tinto brings will truly set Kasiya apart as a potentially globally significant supply of two critical minerals and take us all a step closer to supply chain decarbonisation.” Shares closed 8.08 per cent higher at 53.5 cents.

Commodities and the dollar

Gold is trading at US$1,957.00 an ounce.

Iron ore is 3.6 per cent higher at US$115.80 a tonne.

Iron ore futures are pointing to a 0.7 per cent fall.

Light crude is trading $0.98 lower at US$74.43 a barrel.

One Australian dollar is buying 68.07 US cents.