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Oil Search shares rallied after satisfying a condition in relation to its merger with Santos.

The Australian market reversed morning losses to finish the first trading day of the week higher as a late rally for utilities and gold mining stocks boosted the key index into positive territory. Zip Co shares hit a 52-week low today amid a broad tech sell off, and in the aftermath of criticism received following the buy now, pay later company?s integration with the Microsoft Edge browser. A spotlight on Oil Search as Papua New Guinea?s largest oil and gas exploration and development company rallied today after announcing it has satisfied the condition in relation to approvals from the PNG Securities Commission, precedent to its merger implementation deed with Santos. Extreme weather and supply chain disruptions have caused a shortage in Christmas Trees available this year for both real and synthetic trees.