Three big movers on the ASX on March 3, 2022; Hot Chili shares jumped 16.5%, Corporate Travel Management rallied on ACCC approval, and A2 Milks shares hit by floods
The Australian market continued its green streak into Thursday, closing the session 0.49% higher at 7151.40 points as a surge in energy stocks boosted the key index on the back of the price of Brent crude oil hitting 110 US dollars a barrel for the first time since 2014 overnight.
The stocks that made headlines today were:
Hot Chili shares jumped 16.5% today after the top copper miner announced an offtake agreement with Glencore for future copper concentrate production from the company’s Costa Fuego (FWEGO) copper-gold project in Chile.
Corporate Travel Management shares rallied today after the ACCC approved the travel company’s proposed acquisition of Helloworld’s corporate and entertainment travel business.
And A2 Milk shares took a hit today after the dairy and infant formula company said it could take years for grazing to resume on the company’s flood-ravaged pastures among other long-term implications resulting from the catastrophic floods in QLD and NSW.
Read the full story
in the Grafa app
To read the full article and more in the Grafa app, available on all app stores.
Track the trends
Get the hot tips first
Stay close to your investments
Learn to trade like a pro
Let your money entertain you