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The ASX200 has closed the first trading day of the week up three-quarters of a per cent – with all sectors – except energy and utilities – finishing in front.
Origin Energy (ASX:ORG) shares dipped nearly four per cent today after shareholders voted down the $20 billion takeover deal proposed by the North American consortium of Brookfield and EIG. We’ll have more on that shortly. But first to the winners today:
In the green
Myer (ASX:MYR) added 13.7 per cent today. Short of an announcement, one could only assume investors are showing confidence heading into the Christmas shopping rush.
Nickel play Chalice Mining (ASX:CHN) also gained nearly 11.5 per cent and also with no fresh announcements to the market today.
Liontown Resources (ASX:LTR) gained about half a per cent after securing a 10-year port services and access agreement with the Mid West Ports Authority (MWPA). This agreement will allow Liontown to export lithium spodumene concentrate from its Kathleen Valley project through the Port of Geraldton to offtake partners, including LG Energy Solution Australia, Tesla and Ford Motor Company.
LTR closed at $1.36.
And Helium explorer Noble Helium (ASX:NHE) closed up 2.7 per cent on news it’s completed wireline logging and sampling for helium at the Mbelele-2 well, at its North Rukwa Helium Project in Tanzania.
The sample calculated free-air composition of 2 to 3 per cent helium, with the company claiming the reservoir parameters and flow potential was ‘excellent’.
NHE closed at 19 cents.
In the red
Strike Energy (ASX:STX) dropped 9.5 percent despite releasing an update on appraisal results from its SE3 well, within its South Erregulla gas field in the Perth Basin. The appraisal confirmed the continuity of the gas field to the northwest.
However, there’s some uncertainty around Talon Energy (ASX:TPD) shareholders voting on Strike’s takeover offer on Thursday. Under the deal, Talon shareholders would receive .4828 Strike shares for each Talon share they hold.
STX closed at 38 cents.
Neuromorphic AI processor developer BrainChip Holdings (ASX:BRN) was down nearly 10 per cent on news it had issued a capital call notice on an existing agreement with LDA capital that will see it draw down at least $2.76 million by the end of the year.
Brainchip can access more tha $15.6 million under the Put Option agreement with LDA Capital.
BRN closed trade at 18.5
And Origin Energy (ASX:ORG) closed down nearly four per cent on news the takeover bid from Brookfield and EIG for Origin Energy has failed, despite receiving support from the majority of shareholders.
Around 69 per cent of voters voted in favour of the takeover, falling short of the 75 per cent needed for the takeover scheme to go ahead.
Major shareholder AustralianSuper has unsurprisingly welcomed the proposal’s rejection.
ORG closed trade at $7.86.
