The Australian market?s green streak extended into the midweek session, closing the day 0.67% higher at 7514.50 points as a rally for tech stocks led gains on the key index, while declining oil prices caused a sell-off for energy stocks.
The stocks that made headlines today were:
Eagers Automotive as shares in Australia?s oldest listed automotive group jumped almost 3% today after the company announced it has entered into a non-binding agreement with WFM Motors to acquire a portfolio of dealerships and associated properties in Canberra for $205 million dollars, which will expand Eager?s presence into Canberra.
Star Entertainment Group shares took a hit today after the casino and resort operator announced it has been served with a class action statement by Slater & Gordon, with the claims alleging The Star failed to comply with continuous disclosure requirements and engaged in misleading or deceptive conduct between the 29th March 2016 and 16 March 2022.
And Culpeo Minerals skyrocketed 104% today after the copper exploration and development company announced that the first drill hole of the company?s maiden campaign at its Lana Corina Project in Chile found visual copper mineralisation.