ASX 200 flat, Aussie Broadband shares halted, Openpay rises

The ASX 200 was quiet today.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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 Share Market News

A male sharemarket analyst sits at his desk looking intently at his laptop with two other monitors next to him showing stock price movements
Broker Notes

Leading brokers name 3 ASX shares to buy today

Here's why brokers believe that now could be the time to buy these shares.

Read more »

A disappointed female investor sits in front of her laptop and puts her hand to her forehead and closes her eyes in disappointment over share price falls
Share Market News

Why is the ASX 200 down so much on Monday?

The ASX 200 is taking a beating on Monday. But why?

Read more »

A group of people in suits watch as a man puts his hand up to take the opportunity.
Opinions

2 top ASX shares I'd buy today amid falling prices

Sell-offs are a great time to buy shares.

Read more »

A young man goes over his finances and investment portfolio at home.
Broker Notes

Buy, hold, sell: CBA, QBE, and Qantas shares

Let's see what analysts are saying about these shares.

Read more »

A senior couple sets at a table looking at documents as a professional looking woman sits alongside them as if giving retirement and investing advice.
Share Market News

Genesis Energy completes NZ$400 million capital raise and rights offer

Genesis Energy wraps up NZ$400m capital raise, including a premium-priced rights offer shortfall and FY25 revenue of NZ$3.7 billion.

Read more »

A businesswoman exhales a deep sigh after receiving bad news, and gets on with it.
Share Market News

These are the 10 most shorted ASX shares

Let's see which shares short sellers are targeting this week.

Read more »

Excited couple celebrating success while looking at smartphone.
Broker Notes

Why this ASX 200 share could be dirt cheap with a 7% dividend yield

Bell Potter is predicting 50% upside and a 7% dividend yield.

Read more »

A man raises his reading glasses in a look of surprise.
Broker Notes

Guess which ASX 200 stock could be worth $90 a share

Here's why one broker thinks this stock is heading much higher.

Read more »