To read further, please register free and login
[s2If !current_user_can(access_s2member_level1)][lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Market Update: Australia Stocks Down for 1st Time in 8 Sessions
The ASX 200 fell 32 points or 0.4% to 7,597 in early trade on Monday, retreating for the first time in eight sessions, as traders booked profits after the index continued to hit record highs last week. At the same time, the sentiment was dented by lockdowns imposed to curb the spread of the Delta variant of COVID-19, with Australias most populous state extending statewide stay-at-home orders over the weekend. In business news, Sydney Airport Holdings Pty Ltd today rejected an improved bid from a group of infrastructure investors worth A$22.80 billion, saying that it undervalued the airport operator, but that it was open to a higher offer. Beach Energy Ltd sank 8.3%, hitting its lowest level since March 2020 after the company’s annual profit fell by more than a fifth. Bendigo and Adelaide Bank shed 9% after reporting its annual results, saying it would buy fintech firm Ferocia for up to A$116 million. [/s2If]
Join Our Telegram Group