Materials sector stocks advanced 1.73% at midday Monday, as iron ore prices moved higher. Meanwhile, stocks rallied on Wall Street on Friday after a US government shutdown was avoided.
Ramelius Resources (ASX:RMS) and Spartan Resources (ASX:SPR) entered into a binding transaction implementation deed for Ramelius to acquire shares in Spartan that it does not already own in a deal that values Spartan at AU$2.4 billion.
On the other hand, the healthcare sector fell 0.47%.
Nyrada (ASX:NYR) began recruiting participants for the phase 1a clinical trial for the company's lead drug candidate, NYR-BI03, which is a small molecule, first-in-class neuroprotection, and cardioprotection treatment.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.