Greencross Limited leads S&P/ASX 200 higher

Credit: Ken Teegardin

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) was up 0.3% at lunch, shrugging off falls in European markets overnight.

What happened overnight:

  • Dow Jones (USA) – up 0.60%
  • NASDAQ (USA): up 0.38%
  • FTSE 100 (UK): down 1.32%
  • DAX (Germany) – down 1.94%
  • EURO STOXX 50 (Europe) – down 2%

Among today’s best performers is Greencross Limited (ASX: GXL), the owner of vets and retail stores like PetBarn and City Farmers. Greencross’ share price has underperformed in recent months, and Fairfax Press revealed this morning that the retailer could be caught in the crosshairs of private equity.

ASX movers

  • Greencross – up 28.5%
  • Mesoblast Limited (ASX: MSB) – up 9.5%
  • Slater & Gordon Limited (ASX: SGH) – up 6.3%
  • APN News and Media Limited (ASX: APN) – up 5.7%
  • Technology One Limited (ASX: TNE) – up 4.23%

Among today’s biggest losers on the ASX are resources businesses. Falling commodity prices have wreaked havoc on miners’ share prices in recent months – with no sign of abating.

ASX shakers

Today’s top stories

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Motley Fool writer/analyst Owen Raszkiewicz owns shares of Slater & Gordon and Liquefied Natural Gas Ltd. 

Owen welcomes your feedback on Google plus (see below), LinkedIn or you can follow him on Twitter @ASXinvest.

Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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