Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 closed flat at 8,548 points.
Energy has been the best performing sector, up 5.2%, followed by Information Technology, up 0.9%, and Telecommunication, up 0.7%.
Staples has been the worst performing sector, down 1.2%, followed by Materials, down 0.9%, and Utilities, down 0.5%.
In the Green
Santos (ASX:STO) jumped 10.9% today after UAE-owned ADNOC launched a $30B takeover of the company.
Santos closed at $7.72.
Bubs Australia (ASX:BUB) closed up 6.25% after its New Infant Formula Submission to the United States Food and Drug Administration. This is a major step towards securing approval for its products in the US.
Bubs Australia closed at 17 cents.
Tourism Holdings (ASX:THL) soared 56% after receiving an unsolicited, conditional, non-binding indicative proposal (NBIO) from a consortium of BGH Capital (BGH) to buy all THL stock for NZ$2.30 per share in an all-cash offer.
Tourism Holdings closed at $2.13.
In the Red
The Australian Stock Exchange (ASX:ASX) retreated 6.7% on news the corporate watchdog ASIC has launched an inquiry into its governance and risk management.
ASX finished at $67.89.
Betr Entertainment (ASX:BBT) wrapped up down 7.9% on news Pointsbet Holdings (ASX:PBH) has rejected the company’s takeover offer.
Betr Entertainment closed at 29 cents.
Northern Star (ASX:NST) finished down 8.2% after profit takers swooped in after the stock rose higher on Friday in response to a spike in tension in the Middle East.
Northern Star closed at $20.68.
-1200x645-380x200.jpg)
