ASX Market Update: Index rises as Rio Tinto eyes Arcadium Lithium in takeover bid | October 7, 2024

The Market Herald
2024-10-07

The ASX200 has been up around 0.6% of a percent at 8,198 points in early afternoon trade.

The labour day holiday in some states has seen the bourse trading in lower volumes, as investors continue to digest the unfolding conflict in the Middle East.

The sectors are a mixed bag, and both Financials and IT have been leading the market higher – both up 1.35%, followed by Materials up 0.65%.

Company News

Mining giant Rio Tinto (ASX:RIO) has been down 1.5% on news it has made a takeover approach to Arcadium Lithium (ASX:LTM). Rio has confirmed the potential acquisition, but has underscored there is no guarantee the takeover will go ahead. The company says it will update the market when appropriate.

Rio has been trading at $122.05 and Arcadium Lithium has been up 43% at $6.00.

Evolution Mining (ASX:EVN) has been down around 2% after broker Jefferies downgraded the gold miner to a hold rating. However, the broker lifted its price target by 6.4% to $5.00 amid broad weakness in the gold sector.

Evolution Mining has been $4.53.

Neuren Pharmaceuticals (ASX:NEU) has been up 2.3% after taking a step closer to FDA approval for its Phase 3 trial to treat children with Phelan-McDermid Syndrome (PMS).

Neuren Pharmaceuticals has been $14.37.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10