Sirtex Medical Limited (ASX: SRX) shares heaved the ALL ORDINARIES (INDEXASX: XAO)(ASX: XAO) index to a higher finish on Wednesday.
All Ordinaries: up 0.2% at 6,146 points
ASX 200: up 0.2% at 6,037 points
Here are the shares which moved the market today.
Biggest Gainers
- Sirtex Medical (ASX: SRX) – up 46%
- a2 Milk Company Ltd (Australia) (ASX: A2M) – up 3%
- Air New Zealand Ltd (ASX: AIZ) – up 4%
Biggest Losers
- Beach Energy Ltd (ASX: BPT) – down 4%
- Rio Tinto Limited (ASX: RIO) – down 2%
- Fortescue Metals Group Limited (ASX: FMG) – down 2%
Shares in three of the Big Four banks ended higher today, with Commonwealth Bank of Australia (ASX: CBA) falling 0.3% into the red.
Commonwealth Bank has been in hot water lately, after copping a $1.9 million fine, overseeing potentially poor standards of financial planning, a Royal Commission into the financial system, and (most recently) allegations that it rigged the bank bill swap rate (or BBSW).
Shares of Fortescue Metals Group also came under selling pressure today. Yesterday, Australia’s third-largest iron ore mining company reported its quarterly production results, revealing shipments of 40.5 million tonnes for the second quarter — down 8% over the prior quarter.
Sirtex Medical shares shot higher today following yesterday’s takeover offer from California-based Varian Medical Systems Inc for $28 per share. Before the announcement of the offer, Sirtex Medical shares changed hands for around $18. Read more here.
GetSwift Ltd (ASX: GSW), the $400 million software company, released its eagerly awaited quarterly cash flow report today. The software business, worth over $400 million at its last traded share price, reported $160,000 of cash inflow from customers for its most recent quarter. GetSwift shares remain suspended.
Finally, Treasury Wine Estates Ltd (ASX: TWE), the name behind brands like Lindeman’s and Pepperjack, reported its half-year financial results. Find them here.
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