AMA Group Ltd (ASX:AMA) is an industry leader in 3 key automotive sectors: vehicle panel repairs; automotive components and accessories; and procurement and distribution. The Group has roughly 130 panel repair shops across the country.
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished down +0.77% to 6890.20.
Both benchmarks weakened into the close, as both the S&P/ASX200 (INDEXASX: XJO) and All Ordinaries (INDEXASX: XAO) fell 0.2% on Friday.
The S&P/ASX 200 (ASX: XJO) overcame another negative lead to finish 0.3% higher with both energy and materials central to the positive result.
The S&P/ASX 200 (ASX:XJO) suffered a 1.6% loss during the week, while all three US benchmarks also ended lower. Here are my 3 key takeaways.
The AMA Group Ltd (ASX: AMA) share price won’t be moving today after the company announced a $150 million capital raising to bolster its balance sheet.
The S&P/ASX 200 (ASX: XJO) finished the week on a positive note on Friday behind strength in Orocobre (ASX:ORE) and Alumina (ASX:AWC).
Shares in AMA Group Limited (ASX:AMA) were trading as much as 13% higher today after successfully raising approximately $179 million via a share placement and institutional entitlement offer.
