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Laura Besarati

๐Ÿ‘ค Speaker
134 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

They were down around 4% last week, but today gold price is actually improving on that latest news.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

Absolutely.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

And look, there has been a fair bit of company news around today as well.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

Now, the best performer on the ASX 200 has been toll operator Atlas Arteria.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

Now, it surged about 14% after receiving a takeover offer from asset manager IFA.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

worth approximately $7 billion or about $4.75 per share, which is a 10% premium to its closing price ahead of the offer.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

Now, the boards of Atlas Arteria will now establish an independent board committee to consider the offer and they'll update shareholders in due course.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

They've told investors to take no action for the time being in relation to the offer, but shareholders have clearly been excited by this and that's driven its share price to a two-month high.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

Another winner today, the second best is gold miner Newmont.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

Its share price is up around 7% despite it being a fairly quiet session of trade as we alluded to towards the top.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

But you mentioned it hasn't been that quiet and maybe it's because investors have been buying into these shares that we have been talking about.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

Look, it seems to be extending some of its modest gains from Friday after it came out with a stronger than expected trading update.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

It was only up a very modest 0.7% on Friday, so doing much better today with that near 7% lift.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

And it's also received a lift in its earnings forecasts and target price by a broker today.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

So that certainly helped to drive its share price higher.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

All right, let's look ahead because we have a super big week coming up.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

So looking to tomorrow first, we have some quarterlies out from Beach Energy, Coronado, Caroon, Whitehaven Coal, so plenty in the energy space, which could drive share prices around.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

But looking to, you know, the rest of the week, things really heat up from sort of Wednesday onwards.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

We have MAG7 earnings, the magnificent seven.

CommSec Market Update
Market Close 27 Apr 26: ASX slips for fifth day

So Alphabet, Amazon, Meta, Microsoft all on three.