Steve Daghlian

The gold miner has some mines in WA and also New South Wales.

Well, it's agreed to buy its slightly smaller peer, Volt Minerals, which is mainly WA focused in an all share transaction.

Shares in Volt Minerals though have jumped by about almost 4%.

So it gives the combined entity a value of around 10 billion bucks.

The shipbuilder Austal is down 3.8%, even though it won a contract worth about $150 million to build two additional patrol boats for the Australian Border Force.

It means it now is contracted to build and deliver six of them at the moment.

Absolutely.

So there'll be plenty to watch locally.

Of course, we also have the Japanese markets closed tomorrow for those that do trade the Tokyo Stock Exchange.

I think that wraps it up.

Have a great evening, everyone, and we'll chat to you tomorrow.

This podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited, ABN 60067254399, AFSL 238814.

The information does not take into consideration your objectives, financial situation or needs.

Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

The Aussie market kicks off the week in the red ahead of a busy couple of days.

Good afternoon, I'm Steve Daglian.

I'm Laura Becerrati.

It's Monday the 4th of May.

Welcome to the ComSec Market Update.

Yes, over the past two weeks, our market has shed around 2.8% of its value.