ASX 200 live: CC Capital trumps Bain bid for Insignia; Infratil lifts CDC funding; Goodman, Nine up on investor moves
CC Capital trumps Bain takeover bid for Insignia. Infratil flags more CDC support as debt costs weigh on valuation. Shares in Goodman, Nine up after notable investor moves. Whyalla Steelworks restarts with unresolved issues.
Welcome to the Trading Day blog for Monday, January 6. The ASX 200 index closed 0.1 per cent higher to 8257.40 pints.
Wall Street closed its Friday session with gains. The S&P 500 climbed 1.3 per cent, the technology-focused Nasdaq index soared nearly 2 per cent and the Dow Jones rose 0.8 per cent.
Cryptocurrency market leader bitcoin is above $US99,000 at 5pm AEDT.
The Aussie dollar is trading around US62.29c at 5pm AEDT.
ASX 200 ends up 0.3pc up as most sectors rise
Australia's stock market rises for a fourth day running, setting three week intraday and daily closing highs as gains in most sectors outweigh falls in iron ore miners. Morgan Stanley says Aussie bank share prices 'not justified'. IDP Education up on Macquarie upgrade. WiseTech's new buy. Nvidia hits record.
Property, energy stocks lead ASX 200 gains
The local bourse closed the week on an upbeat note, boosted by uranium and oil stocks as the major miners declined.