Australia…One Hour In…ASX up 18 points

By Scott Phillips | More Articles by Scott Phillips

ASX200 up 18 points (0.3%) to 6660.

  • Afterpay (+4%); look at the chart !!!
  • Altium (-1%);  will sell its “Tasking” software assets to European private equity firm FSN Capital for US$110m.
  • AP Eagers (+4%); will sell its Daimler truck business to Velocity Vehicle Group for $108m.
  • Cimic (-0.9%); said its directors approved a further buy back of up to 10% of Cimic’s ordinary shares over the 12 months beginning Dec 29.
  • IAG (+0.6%) / QBE (-0.4%) / SUN (+0.3%) ;  big storms hitting Australia’s east coast…….
  • IOOF (+0.9%)/ NAB (+0.6%); the ACCC will not oppose IOOF’s acquisition of MLC Wealth Management, owned by NAB.
  • Pilbara Minerals (TH); announced a $240m capital raising to buy Altura Lithium Project.
  • Treasury Wines (+0.3%); a complete set of 64 bottles of Grange (ranging from 1951 to 2015) has just sold for $430,000.

 

………and for those wishing 2020 would hurry up and finish………….

 

About Scott Phillips

Scott has over 35 years experience in Australian equities, starting as a “chalkie” and trader on the Stock Exchange Trading Floor and spending the last 25 years advising and trading for International Institutions. He has been an Executive Director at JPMorgan and Nomura, a Governor of the Australian Stock Exchange and was recently awarded a Lifetime Achievment award by the Australian Stockbrokers Association.

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