Description
A deal between Amcor and US group Berry group will see the Aussie packaging giant have 400 factories in its operations.
MARKET WRAP:
ASX200: down 0.57%, 8,326
GOLD: $2,628 US/oz
BITCOIN: $142,306 AUD
Utility and Health Care stocks just escaped the losses, with CSL up 1.1% and Pro Medicus rising 1%.
Northern Star and Evolution mining both up 1%
Small gains for Commonwealth Bank, Infratil and Origin Energy.
Amcor’s merger announcement saw down 1.2% to $15.51.
Energy stocks were down around 1%, with Woodside & Santos both falling around 0.7%.
Nick Scali told the market that freight problems had hurt its guidance, shares fell 1.7% to $13.84.
Telstra was down 2.3% and James Hardie fell 2%.
CURRENCY UPDATE:
AUD/USD: 65.23 US cents
AUD/GBP: 51.4 pence
AUD/EUR: 61 Euro cents
AUD/JPY: 101 Japanese yen
AUD/NZD: 1.10 NZ dollars
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