Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 closed up 0.51% at 8,416 points.
The local market rose in response to China’s measured response to Trump’s tariffs.
Materials was the best performing sector, up 1.6%, followed by IT, up 1.55%, and Energy, up 1.5%. Health Care was the biggest loser, down 0.55%.
In the Green
Insignia (ASX:IFL) closed up 6.9% after Brookfield Asset Management offered $4.60 a share in cash, matching current offers from Bain Capital and CC Capital Partners – and was also given limited due diligence.
Insignia closed at $4.62.
Woodside (ASX:WDS) closed up 1.7% as Brent Crude Oil climbed to around US$76 per barrel.
Woodside closed at $24.78.
Coronado Global Resources (ASX:CRN) closed up 1.5% after paring gains in morning trade. Most Aussie coal miners rallied after China’s retaliatory step to place tariffs on a basket of commodities then set expectations for higher prices.
Coronado Global Resources closed at 66.5 cents.
In the Red
Mesoblast (ASX:MSB) closed down 5.3% despite no news today. It’s likely some investors are taking profits after the stock achieved strong gains over the last twelve months.
Mesoblast closed at $3.02.
Cleanaway Waste Management (ASX:CWY) closed flat after the company was forced to close its liquid waste processing facility in Western Sydney following a significant fire at the premises.
Cleanaway closed at $2.70.
Strickland Metals (ASX:STK) finished down 2.7% after reporting results from its latest drilling at the Rogozna Gold and Base Metals Project in Serbia.
Strickland Metals closed at 7.2 cents.
