The Australian market rebounded from Thursday?s tumble to close Friday?s session more than 1% higher as a surge in energy stocks boosted the key index. Meal kit home delivery company My Foodie Box skyrocketed more than 22% on its ASX debut today following an IPO at 20 cents per share and raising 6 million dollars, as the fresh meal delivery market continues to boom. A spotlight on Wesfarmers as shares in the conglomerate rallied today after Woolworths pulled out of the running to takeover API. Woolies offered a takeover price of $1.75 per share which was above the Wesfarmers offering of 1 dollar and 55 cents per share. Hyundai has announced it is shutting down its new engine development department as the automaker prepares to kill off petrol cars in favour of an all-electric future.
VIDEO: My Foodie Box soared 25% on its ASX debut today.
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