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ASX200 A.M Wrap 21 June 2018

Posted by Billy Macris on 21-Jun-2018 10:47:03

Currently in our local market the ASX200 is trading at 6212.80 higher by 40.22 points or +0.65% with Technology and Consumer Disc sectors pushing higher by 1.86% and 1.72%, respectively. In company news, AMP realised a statement this morning outlining that David Murray will be chairman of the insurer effective immediately. Mr Murray said: “I am pleased to today begin the task of rebuilding AMP as Chairman, working with the Board and management to restore trust in the company. AMP shares are trading lower by 0.55%. APN Outdoor Group (APO) received an unsolicited takeover bid from JCDecaux worth approximately $1.1 billion in what would be if successful the French outdoor advertising company’s biggest acquisition in almost two decades. The $6.52 a share cash offer which is 11% above the current share price for APO is it its early stages. In Paris JCDecaux rose as much as 9.2% their biggest move higher since January 2016. APO shares are currently in a trading halt.

Best Performing Stocks

  • Appen Ltd (APX0 +5.23%
  • Bellamy’s Australia (BAL) +4.49%
  • Fletcher Building (FBU) +3.87%

Worst Performing Stocks

  • Ramsey Health (RHC) -8.67%
  • Incitec Pivot (IPL) -2.28%
  • Mineral Resources (MIN) -2.05%

 

Topics: ASX A.M Wrap