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ASX closed red; Booktopia rose 2% on a new partnership; AnteoTech dipped on TGA requests.

  • The ASX200 closed 0.70% lower on Wednesday at 7327.10 points.
  • Booktopia rose 2% on a new partnership with Welbeck Publishing Group.
  • AnteoTech dip after TGA requests additional information on submission.

The Australian market extended the red run into Wednesday, closing the midweek session 0.7% lower at 7327.10 as every sector aside from utilities stocks closed the day in negative territory, led by the gold miners tumbling 2.88%.

The tech sector finished the session 2.6% lower as Life360 Inc tanked 6.49%, Megaport lost 5.43% and Appen fell 4.68%.

Bitcoin is trading 2.97% higher over the last 24-hours at US$48,184.60 at 5:00pm AEDT.

Australian-based leading online bookstore, Booktopia, rallied 2% today after announcing it has completed a major new publishing and distribution partnership with UK-based Welbeck Publishing Group. Under the partnership, Booktopia Publisher Services will distribute WPGANZ’s (Welbeck Australia and New Zealand) catalogue of around 300 new titles each year.

Making headlines, AnteoTech shares took a hit today after the biotech company provided an update on its TGA registration for its EuGeni Reader and SARS CoV-2 Ag Rapid Diagnostic Test (RDT) submission. The TGA has completed a preliminary review and has requested that AnteoTech supply additional information and clarification on how its diagnostic test will cover COVID-19 variants.

And Google has reportedly told staff that they will lose pay and eventually be let go from their role from December 3 if they do not comply with the company’s COVID-19 vaccination policy by declaring their vaccination status or applying for an exemption.

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