The Downer EDI Limited (ASX: DOW) share price was smashed 25.2% today after the group emerged from a trading halt and announced a major capital raising. The broader market, on the other hand, rose strongly after a mixed night for international markets.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.8% to 5753 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.7% to 5796 points
- AUD/USD at US 76.17 cents
- Iron Ore at US$86.36 a tonne, according to the Metal Bulletin
- Gold at US$1,243.80 an ounce
- Brent oil at US$50.59 a barrel
Downer EDI is raising cash as part of its bid to acquire all of the shares of Spotless Group Holdings Ltd (ASX: SPO), whose own share price rocketed higher this week. The Spotless share price was up 1.9% again today.
Gold miners Evolution Mining Ltd (ASX: EVN) and St Barbara Ltd (ASX: SBM) were on the nose with investors as well following a small dip in the gold price. The pair fell 3.8% and 3.5%, respectively.
The Collins Foods Ltd (ASX: CKF) share price was also hammered 9% after it announced it had completed a $54.5 million placement.
And the Harvey Norman Holdings Limited (ASX: HVN) share price rose 0.7% despite an announcement that the corporate watchdog is conducting a 'routine review' on the business.
The Slater & Gordon Limited (ASX: SGH) share price was a clear standout today, soaring 13.6% after ASIC concluded its own investigation into the law firm's accounts, concluding that it did not indicate "that there was a breach of law and it will not take any enforcement action." The SGH share price did lift as much as 36.4% at one stage.
The G8 Education Ltd (ASX: GEM) share price shot 3.7% higher as well while Caltex Australia Limited (ASX: CTX) rose 3%.
Here are Friday's top stories:
