S&P/ASX 200 down 1% on sharp fall in mining and health heavyweights

S&P/ASX 200 (INDEXASX:XJO) fell 1.04% by 12.53 pm to 6092 with the heavyweight miners and health stocks the biggest drag.

Losses for CSL Limited (ASX:CSL) (-3.40%) and BHP Group Ltd (ASX:BHP) (-3.40%) are holding back the market most. In fact, they are contributing to almost half the market's decline.

COVID-19 update

NSW Premier Gladys Berejiklian said there are 16 new cases of COVID-19 in the state in the last 24 hours.

She requested people to avoid crowds on the weekend and warned gatherings in homes and hospitality venues were the most risky.

Victoria has hit a massive new COVID-19 record, with 484 new cases recorded in 24 hours, The Australian reports.

Retail sales rise

The Australian Bureau of Statistics said retail sales lifted by 2.4% in June, with the re-opening of cafes and worried shoppers back stockpiling toilet paper and flour contributing to the gain.

Top gainers

Todays top gainers on the ASX include Yandal Resources Ltd (ASX:YRL) (+11.32%), Engage:BDR Ltd (ASX:EN1) (+14.29%), Kingwest Resources Ltd (ASX:KWR) (+15.38%), Blackstone Minerals Ltd (ASX:BSX) (+14.29%) and Corazon Mining Ltd (ASX:CZN) (+100.00%).

Proactive news headlines:

De Grey Mining grows scale of Hemi gold discovery with Aquila extensions

De Grey Mining Ltd (ASX:DEG) continues to increase the overall dimensions of the Hemi gold discovery near Port Hedland in Western Australia with recent drilling extending the Aquila zone at depth and along strike.

Whitebark Energy's Rex-3 Well at Wizard Lake running strongly after pump installed

Whitebark Energy Ltd's (ASX:WBE) Rex-3 Well at the Wizard Lake Oilfield in Canada is flowing strongly after installation of a new bottom hole pump.

Latin Resources at “most exciting point in its history” says chairman

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