It was a bumper start to the week on Monday as the S&P/ASX 200 Index (INDEXASX: XJO) rocketed to its highest point since early August.
Here’s what you may have missed on a big day of trade in Aussie equities.
1. The iSignthis–ASX battle continues
iSignthis shares remain suspended until further notice as the company squabbles with the exchange over the Australian Securities and Investments Commission (ASIC)’s role in its recent trading halt.
ASIC confirmed that it did not request a suspension of the company’s shares, leading the ASX to question why they were suspended in October.
The ASX responded to iSignthis’ update and said it, “considers it appropriate that trading in ISX’s securities remains suspended until further notice.”
Until October the iSignthis share price had been a top performer on the ASX in 2019. The iSignthis share price remains suspended at $1.07 per share – up a whopping 603.95% in 2019.
2. Speedcast share price leads the ASX 200 on Monday
The Speedcast International Ltd (ASX: SDA) share price led the ASX 200 winners board on Monday.
Speedcast shares shot 11.29% higher to $1.04 per share despite no news from the communications group. The Speedcast share price is still down 62.18% so far this year as earnings continue to slide.
The company is heavily shorted, which could mean that it’s partially due to an unwinding of those positions causing the moves. It also could be a slight recovery following last year’s share price crash after a credit rating downgrade from S&P Global.
3. ANZ shares hit a 7-month low on ex-dividend day
The ANZ share price recovered on the ASX on Monday to close 0.51% higher at $25.58 per share. ANZ shares briefly hit a 7-month low of $25.46 at the start and end of the day’s trade.
This comes as the bank pays out its 80 cents per share final dividend to shareholders, with the share price falling 64 cents.
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Motley Fool contributor Kenneth Hall has no position in any of the stocks mentioned. 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 Scott Phillips.
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