The ASX200 has been down 0.65% at 8,375 points.
The corporate regulator’s chair Joe Longo says the ASX is at risk of new enforcement action or further licence conditions, after a “serious failure” culminated in a damaging outage at the exchange late last year. The corporate cop and ASIC are now currently assessing the best next steps.
IT has been the best performing sector, up 0.35%, followed by Telecommunication, up 0.2%. Materials has been the biggest loser, down 1.5%, followed by Discretionary, down 1.25%, and Staples down around 1%.
Company News
Myer (ASX:MYR) has been up 1.66% after Premier Investments (ASX:PMV) shareholders overwhelmingly backed the merger of the two consumer companies. The expanded Myer will have a larger footprint of more than 700 retail stores, and Solomon Lew is set to join the board later in the year.
Myer has been 92 cents.
Fortescue (ASX:FMG) has been down 2.7% after its quarterlies. The company delivered a record in iron ore shipments for the six months.
Fortescue has been $18.51.
Insignia Financial (ASX:IFL) has been up 1.8% after Bain Capital increased its acquisition offer. The offer matches the proposal submitted by CC Capital Partners on January 17.
Insignia Financial has been $4.51.