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Trading Day: S&P/ASX 200 bounces, Crown soars on offer

Australian shares gained 0.7 per cent on Monday as gaming group Crown jumped more than 20 per cent thanks to a takeover offer.

David Rogers and Elise Shaw
less than 2 min read
4:56AMMarch 22, 2021.
Updated 7:32PMMarch 22, 2021
The Australian Business Network
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Insurers are bracing for claims as wild weather hits NSW. Picture: AAP
Insurers are bracing for claims as wild weather hits NSW. Picture: AAP

Australian shares gained 0.7 per cent on Monday as gaming group Crown jumped more than 20 per cent thanks to a takeover offer.

The Insurance Council of Australia has declared a catastrophe for large parts of NSW following the weekend’s devastating storms and floods. Freedom Foods dropped by as much as 90% on its return from suspension from trading on the ASX.

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Original URL: https://www.theaustralian.com.au/business/trading-day/trading-day-australian-sharemarket-set-for-weaker-start-as-insurers-brace-for-claims/live-coverage/a3028936ade5fc6c76ff84b8ba01c662