Liontown says NYSE-listed suitor Albemarle walked away from takeover deal. Picture Getty
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The ASX 200 tracked Wall Street lower, down by -0.3% on Monday, as a surge in energy and mining stocks were offset by losses in other sectors. Traders were cautious as they weighed the prospects of an escalation in the Israel-Hamas conflict.
Major tech stocks like Xero (ASX:XRO), Life360 (ASX:360) and Megaport (ASX:MP1) dragged down the bourse as oil prices surged 5% on Friday, amplifying fears of higher inflation.
The biggest stock news today came from lithium play Liontown Resources (ASX:LTR), which said that its NYSE-listed suitor Albemarle walked away from the takeover deal after Gina Rinehart built up a 19.9% stake over the past month and a half. LTR dropped -3% before putting its shares on a trading halt.
Investors also cautiously await tomorrow’s RBA September minutes to understand what policymakers are thinking ahead of the November 7 board meeting.
To the currency market, the Aussie dollar is trading close to an 11-month low after touching below US63c earlier. It has since popped back up to US63.20 at the time of writing.
And elsewhere in the region, most Asian stock markets were down today as the Israeli army said it was making preparations for “significant ground operations” in Gaza.
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| AZS | Azure Minerals | 2.45 | 6.99 | 2,919,769 | $1,020,800,437 |
| SGR | The Star Ent Grp | 0.65 | 5.69 | 7,802,401 | $1,564,937,603 |
| NIC | Nickel Industries | 0.80 | 4.93 | 4,222,677 | $3,257,215,509 |
| LFG | Liberty Fin Group | 3.87 | 4.88 | 57,769 | $1,121,036,291 |
| DMP | Domino Pizza Enterpr | 55.15 | 4.19 | 389,918 | $4,753,564,858 |
| DDR | Dicker Data Limited | 10.44 | 4.09 | 212,253 | $1,807,840,630 |
| BRG | Breville Group Ltd | 23.12 | 4.00 | 348,508 | $3,188,345,486 |
| BOQ | Bank of Queensland. | 5.56 | 3.93 | 5,940,784 | $3,516,113,256 |
| AD8 | Audinate Group Ltd | 13.84 | 3.83 | 191,092 | $1,107,840,784 |
| PLS | Pilbara Min Ltd | 4.19 | 3.71 | 22,025,239 | $12,158,229,146 |
| MAD | Mader Group Limited | 6.74 | 3.69 | 76,512 | $1,300,000,000 |
| IFL | Insignia Financial | 2.50 | 3.53 | 827,198 | $1,606,570,475 |
| SEK | Seek Limited | 23.48 | 3.25 | 837,068 | $8,100,447,121 |
| EMR | Emerald Res NL | 2.50 | 3.10 | 534,398 | $1,445,122,203 |
Treasury Wine Estates (ASX:TWE) addressed shareholders at its Annual General Meeting today. TWE said trading in September was in line with expectations.
Swipe or scroll to reveal the full table. Click headings to sort.
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| CSL | CSL Limited | 238.82 | -6.08 | 2,121,632 | $122,828,896,104 |
| BOE | Boss Energy Ltd | 4.35 | -5.84 | 1,793,328 | $1,630,553,066 |
| TAH | TABCORP Holdings Ltd | 0.92 | -5.64 | 10,999,902 | $2,225,350,714 |
| RMD | ResMed Inc. | 22.15 | -5.34 | 5,046,528 | $12,128,832,144 |
| PRN | Perenti Limited | 1.02 | -4.44 | 6,707,151 | $1,032,324,767 |
| STX | Strike Energy Ltd | 0.44 | -4.40 | 4,167,926 | $1,155,380,310 |
| FPH | Fisher & Paykel H. | 19.84 | -3.92 | 313,384 | $12,018,967,016 |
| DYL | Deep Yellow Limited | 1.29 | -3.37 | 2,839,734 | $1,012,447,891 |
| RWC | Reliance Worldwide | 3.77 | -3.21 | 2,405,300 | $3,073,468,636 |
| AIZ | Air New Zealand | 0.66 | -2.96 | 1,146,765 | $2,273,713,413 |
| PDN | Paladin Energy Ltd | 1.00 | -2.67 | 15,246,963 | $3,070,562,815 |
| ORA | Orora Limited | 2.69 | -2.54 | 4,352,582 | $3,708,059,832 |
| CEN | Contact Energy Ltd | 7.45 | -2.36 | 511 | $1,936,600,049 |
| NEU | Neuren Pharmaceut. | 11.34 | -2.24 | 193,147 | $1,468,161,842 |
| SGM | Sims Limited | 13.42 | -1.83 | 449,096 | $2,640,791,378 |
| BSL | BlueScope Steel Ltd | 19.18 | -1.79 | 2,040,406 | $8,822,367,657 |
Fletcher Building (ASX:FBU) tumbled 9% after the company came out of trading halt. On Friday, Fletcher issued a statement to deny claims by BCG that plumbing failures at a number of its homes in Perth were due to Fletcher’s equipments. Fletcher said evidence clearly points to installation as causation, and that testing to date proves no manufacturing defect.
Westpac (ASX:WBC) fell -0.8% after Ampol chairman Steven Gregg was appointed chairman-elect at the bank, succeeding John McFarlane.
Qantas (ASX:QAN) dropped after Loyalty chief executive Olivia Wirth announced her resignation.
SkyCity Entertainment (ASX:SKC) fell -2.4% after CEO Michael Ahearne said he will will step down from his role early next year.
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