ASX 200 flat, Aussie Broadband shares halted, Openpay rises

The ASX 200 was quiet today.

It was a relatively quiet day for the ASX. The S&P/ASX 200 Index (ASX: XJO) was essentially flat at 7,530 points.

Here are some of the highlights from the ASX:

A man holds his hands out and shrugs.

Image source: Getty Images

Aussie Broadband Ltd (ASX: ABB)

The NBN-focused telco business announced today that its shares were going into a trading halt.

It said that that it's in the process of making and finalising arrangements for a potential capital raising.

According to reporting by the Australian Financial Review, Aussie Broadband is looking to raise $120 million to accelerate product development and support new opportunities. It will be reportedly priced at $4 per share which represents a discount of 13.6%.

Openpay Group Ltd (ASX: OPY)

The Openpay share price rose around 4% today after the buy now, pay later company's update on the latest partnerships that it has won.

It has signed partnerships with Goodyear and Dunlop Tyres Australia, with 450 tyre and auto service businesses including Beaurepaires, Goodyear Autocare and Dunlop Super Dealers.

Openpay also said that it has secured the status of being preferred buy now, pay later provider in partnership with the Victorian Automobile Chamber of Commerce (VACC) and Bosch Car Service Australia.

In its healthcare division, Openpay has signed an agreement with Nexus Hospitals.

It has also signed with Henry Schein UK, delivering an integration with software business Software of Excellence, which was described as a leader in providing dental practice management software and marketing solutions.

Openpay said that healthcare has also been launched in the UK with veterinary practices preparing to commence transacting with Openpay through the ezyVet integration.

The CEO and managing director of Openpay, Michael Eidel, said:

Openpay continues to establish partnerships with major ecosystem providers and aggregators in our target verticals across our key markets. With these new partnerships, we have deepened our focus into our core verticals in the UK, which together with the anticipated Payment Assist acquisition in Automotive and our imminent US launch, will set us up to achieve our long-term objectives of sustainable growth and profitability.

Biggest movers and shakers in the ASX 200

With a lack of actual announcements by ASX 200 companies, let's look at some of the biggest movers.

At the green end of the ASX 200, three of the biggest gains were resources business Chalice Mining Ltd (ASX: CHN) which rose 6.3%, ASX travel share Flight Centre Travel Group Ltd (ASX: FLT) climbed 6.2% and cloud computing business Megaport Ltd (ASX: MP1) which rose 4.2%.

At the bottom of the ASX 200 performance table, the Appen Ltd (ASX: APX) share price fell 4.4% and the Regis Resources Limited (ASX: RRL) share price fell 4.6%.

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended Appen Ltd, Aussie Broadband Limited, and MEGAPORT FPO. The Motley Fool Australia owns shares of and has recommended Appen Ltd. The Motley Fool Australia has recommended Aussie Broadband Limited, Flight Centre Travel Group Limited, and MEGAPORT FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ASX Share Market News

Man analysing data on his laptop.
ASX Share Market News

5 things to watch on the ASX 200 on Thursday

Here's what to expect at the start of the month.

Read more »

A happy group of workers around a table raise their arms in the air as though celebrating a work achievement. One woman is on her feet with her arm raised in the air in a fist-pumping action.
Broker Notes

Brokers tip up to 67% for these 3 ASX shares

All three are rated a strong buy

Read more »

Multi-ethnic people looking at a camera in a public place and screaming, shouting, and feeling overjoyed.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a strong hump day on the ASX today.

Read more »

A mining worker wearing a white hardhat and a high vis vest stands on a platform overlooking a huge mine, thinking about what comes next.
Broker Notes

7 ASX mining shares with 11% to 158% upside ahead: experts

Brokers have updated their ratings and price targets on BHP, Mineral Resources, and others. 

Read more »

Two male ASX 200 analysts stand in an office looking at various computer screens showing share prices.
Broker Notes

6 ASX shares upgraded by experts amid a weak market 

Brokers have increased their ratings on Capricorn Metals, REA Group, and others this week. 

Read more »

A man thinks very carefully about his money and investments.
How to invest

Cash rate at 4.6%: Here's how I'm investing in ASX shares

Interest rate hikes cut both ways.

Read more »

Stock market board with green numbers.
ASX Share Market News

Why has the ASX 200 jumped to its highest level in 3 weeks?

The ASX 200 is closing in on 8,800 points again.

Read more »

Man on a ladder drawing an increasing line on a chalk board, symbolising a rising share price.
Opinions

Is WiseTech the most undervalued growth stock on the ASX 200?

Has the sell-off gone too far?

Read more »