The ASX 200 slumped 0.65% lower on Thursday as the up and down week for Aussie equities continued.
Communication Services (-1.75%) again led the ASX losers while A-REITs (-1.26%) didn’t perform much better. Materials (+0.12%) was the only ASX 200 sector to climb higher on a disappointing Thursday of trade.
Catch up on all the news, announcements and events that you missed on another big day for Aussie equities.
1. Lynas Corp shares lead ASX 200 gainers on Thursday
The Lynas Corporation Ltd (ASX: LYC) share price rocketed 9.72% higher yesterday as expansion rumours swirled.
Lynas shares led the ASX 200 gainers on Thursday after Reuters reported the U.S. Army could look to fund the construction of a rare earths plant for weapons development.
Lynas shares surged on the news, given the company is the largest rare earths producer outside of China. That unique position could mean the group is well-placed to capitalise on the U.S. Army’s plans.
2. Nearmap shares edge lower after acquisition update
The Aussie geospatial mapping company will purchase technology and intellectual property from Primitive LLC (Pushpin).
Primitive is a deep learning and analytics tech company that extracts data to provide roof geometry insights.
The ASX 200 tech stock fell lower on Thursday as the broader Information Technology sector closed down 1.17%.
3. Charter Hall shares rocket higher after REIT acquisitions
The Charter Hall Group (ASX: CHC) share price rocketed 4.67% higher yesterday after updates from its real estate investment trusts (REITs).
Charter Hall Long WALE REIT (ASX: CLW) went into a trading halt ahead of a $619 million spending spree.
The Long WALE REIT will purchase stakes in a number of properties for a total of $619 million.
The Charter Hall share price surged on the ASX 200 on Thursday after the REIT’s announcement to close among yesterday’s top gainers.
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Motley Fool contributor Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Nearmap Ltd. 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.