The ASX 200 had another down day on Thursday as the benchmark index slumped 0.27% lower.
The S&P/ASX 200 Index (INDEXASX: XJO) closed at 6,833.1 points while the All Ordinaries Index (INDEXASX: XAO) edged 0.21% lower to 6,942.6 points.
Industrials (+0.25%), A-REITs (+0.42%) and Utilities (+0.48%) were the only ASX 200 sectors to climb higher on Thursday. The Energy sector (-0.87%) was the worst-performing group of ASX shares yesterday.
Here's a recap of the biggest news, announcements and events that you missed on another big day of trade.
1. Service Stream shares rocket 11% higher
The Service Stream Ltd (ASX: SSM) share price led the ASX 200 gainers on Thursday.
The construction engineering group saw its shares rocket 11.07% higher to $2.71 per share.
Service Stream announced a new major contract with Sydney Water Corporation, as part of a consortium including Lendlease Group (ASX: LLC).
The 10-year contract will start in January 2020 and could deliver $200 million per annum for the consortium.
2. Beach Energy leads ASX 200 Energy shares lower on Thursday
The Beach Energy Ltd (ASX: BPT) share price slumped 4.83% lower as the ASX Energy shares were hammered.
The ASX 200 oil producer will acquire a 30% stake in exploration permit PEP50113, offshore New Zealand. The transaction will cost Beach approximately $25 million and the group's shares slumped lower.
ASX Energy shares were hammered yesterday but the Beach share price was one of the worst performers.
3. Village Roadshow shares soar higher after takeover news
The Village Roadshow Ltd (ASX: VRL) share price jumped a handy 21.56% higher on the ASX 200 on Thursday.
Pacific Equity Partners has made a proposal to acquire 100% of its share through a scheme of arrangement at an indicative price of $3.90 per share.
Village Roadshow shares rocketed higher on the news as the private equity group also took a call option of approximately 19% of Village Roadshow's issued shares.
The takeover proposal on Thursday values the ASX 200 entertainment group at approximately $530 million.
