ASX rises into Christmas break
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The news: The Australian sharemarket has made modest gains during its shortened session as the market shuts early for Christmas Eve.
The benchmark ASX 200 climbed 0.24% to end at 8,220, with 9 out of 11 sectors finishing in the green.
Biggest movers:
- Arcadium Lithium (6.99%) – Shares jumped after shareholders approved Rio Tinto's $10.7 billion takeover offer.
- Avita Medical (6.04%) – Received pre-market approval from the FDA in the US for its smaller wound treatment, Recell Go mini.
- St Barbara (-33.77%) – Plummeted after announcing the PNG Internal Revenue Service had served its wholly owned subsidiary Simberi Gold with a $210 million tax bill.
Other news:
- Paladin Energy (-3.08%) – Completed its acquisition of Fission Nuclear Corp.
- Karoon Energy (0.78%) – Recommenced production at its Baúna project in Brazil after a systems failure.
- Federal Government has revealed a $14 billion deficit this financial year to November.
- The minutes from RBA's December meeting shows a focus on the downside risks to the economy.
The Australian dollar is buying 62.31 US cents.
What’s ahead: The Australian sharemarket shuts for Christmas and Boxing Day before trading resumes on Friday 27 December. Capital Brief hopes you enjoy your break.
The source: ASX
