The S&P/ASX 200 Index (INDEXASX: XJO) had a disappointing start to the week on Monday.
The benchmark Aussie index fell 0.46% lower to 6,785.10 points as at yesterday’s close. The All Ordinaries Index (INDEXASX: XAO) closed 0.43% lower at 6,894.70 points.
The Consumer Staples (+0.49%) and Information Technology (+0.44%) sectors led the way for the ASX 200 on Monday. The ASX Materials sector (-1.15%) was the hardest hit in yesterday’s trade.
Find out all the biggest ASX 200 news, events and announcements as we kick off the Christmas week of trade for Aussie equities.
1. ASX 200 leadership changes hit just before Christmas
There were a couple of big changes at the top of the ASX 200 companies announced on Monday.
Costa Group CFO Linda Kow announced her resignation from the role and will step down on 1 May 2020. Costa shares rallied to finish more than 2% up, but nib shares slumped after announcing changes to the senior executive team.
BHP’s CEO Andrew Mackenzie will retire earlier than anticipated with his retirement date brought forward to 31 March 2020.
2. Bank of Queensland share price climbs higher on capital raising
The Aussie bank was planning on raising $25 million from a share purchase plan (SPP) but has received $90 million in applications from shareholders.
The issue price of the SPP will be $7.27 per share – a 2% discount on its volume-weighted average price (VWAP) between December 16 and December 20.
3. Domino’s hits 52-week high before closing lower
The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price climbed to a new 52-week high before closing lower yesterday.
The ASX 200 food group reached $54.39 per share before closing down 0.39% on Monday.
Domino’s has had a strong second half of the year and its share price has climbed 40.26% higher since the first of July.
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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 COSTA GRP FPO. The Motley Fool Australia has recommended Domino's Pizza Enterprises Limited and NIB Holdings Limited. 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.