The S&P/ASX200 closed up Monday, gaining 19 points or 0.25% to 7,425
The S&P/ASX200 closed up Monday, gaining 19 points or 0.25% to 7,425. Materials did well, particularly the new energy miners. A fine session for Pilbara Minerals (PLS) up 7.3% and Lynas (LYC) gaining 5.4%. Yet, play of the day goes to takeover target Sydney Airport (SYD), 4.6% stronger after inviting the IFM-led consortium into its books after liking the look of a third offer, now worth $8.75 a share, implying a $32 billion plus valuation, including debt. Elsewhere, Omni Bridgeway (OBL) giving away 5.2% and Redbubble (RBL) 3%. Tomorrow Reserve Bank Governor Philip Lowe will speak on 'Delta, the Economy and Monetary Policy'. Many will listen. You can too, right here on ausbiz TV.
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