市场见解

ASX 200 (ASX:XJO) midday update: Transurban acquisition, BHP & Fortescue sink

It has been a very poor start to the week for the ASX 200…
The post ASX 200 (ASX:XJO) midday update: Transurban acquisition, BHP & Fortescue sink appeared first on The Motley Fool Australia. –

At lunch on Monday, the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is tumbling notably lower. The benchmark index is currently down a disappointing 1.5% to 7,292.5 points.

Here’s what is happening on the ASX 200 today:

Transurban raising funds for WestConnex acquisition

The Transurban Group (ASX: TCL) share price is in a trading halt today whilst it seeks to raise $4.2 billion. The toll road operator is raising the funds to acquire the remainder of WestConnex with the Sydney Transport Partners consortium. The $11.1 billion acquisition will take the company’s ownership to 100%.

Ausnet shares jump on takeover approach

The Ausnet Services Ltd (ASX: AST) share price is rocketing higher today after the electricity distributor received a takeover approach. According to the release, Brookfield Asset Management has made a non-binding offer to acquire all of its issued shares at $2.50 per share. This is a 26% premium to Ausnet’s closing price of $1.98 on Friday. Ausnet has decided to provide Brookfield with the opportunity to conduct due diligence.

Mining giants fall heavily

It has been another difficult day for the likes of BHP Group Ltd (ASX: BHP), Fortescue Metals Group Limited (ASX: FMG), and 力拓集团 (ASX: RIO) shares. Investors have been selling down their shares again after iron ore prices tumbled further. According to Metal Bulletin, the spot benchmark iron ore price has tumbled 5% to US$101.95 a tonne.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Monday has been the Ausnet share price with an 18% gain. This follows the receipt of takeover approach from Brookfield Asset Management. The worst performer has been the Champion Iron Ltd (ASX: CIA) share price with a 12% decline. This appears to have been driven by iron ore price weakness.

The post ASX 200 (ASX:XJO) midday update: Transurban acquisition, BHP & Fortescue sink appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Fortescue (ASX:FMG) share price slides 6% as iron ore woes continue
Ausnet (ASX:AST) share price rockets 20% on fresh takeover bid
Why this fund manager is ditching Rio Tinto for BHP (ASX:BHP) shares
Could the Fortescue (ASX:FMG) share price bounce back? This fund thinks so
Transurban (ASX:TCL) share price halted for $4.2bn WestConnex equity raising

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!