The Australian market see-sawed throughout Friday?s session before closing the day just 5.8 points lower at 7493.8 points as a sell-off in consumer discretionary and communication services stocks weighed down the key index. For the week the ASX200 gained 1.18%.
The stocks that made headlines today were:
Domain Group as the online real estate giant entered a trading halt today before shares dipped after the company announced a capital raise of $180 million dollars to fund its acquisition of real estate campaign management platform Realbase in a bid to expand Domain?s evolution marketplace strategy to provide real estate agents with an end-to-end solution.
Corporate Travel Management shares fell slightly today after the company announced it has completed its $175 million acquisition of Helloworld Travel?s corporate and entertainment travel business in Australia and New Zealand. The acquisition positions Corporate Travel Management as the travel management provider for more than a quarter of ASX200 listed companies.
And Argosy Minerals jumped 5.3% today after the lithium exploration and development company announced further progress at the Rincon Lithium Project in Argentina, with 67% of the total works now completed, and the Company remains on schedule to achieve first production of 99.5% battery quality lithium carbonate product for mid-2022.