Northern Star will put a $5 billion bid across the table to acquire De Grey mining, as the gold price continues to sit near the top of its range.

MARKET WRAP:


ASX200: up 0.14%, 8,447


GOLD: $2,654 US/oz


BITCOIN: $147,889 AUD




A $5 billion bid for De Grey Mining by gold giant Northern Star Resources saw De Grey shares lift almost 30% to $1.97, while Northern Star went the other way, down 5.3% to $16.59.


IGA operator Metcash lifted 2.2% to $3.19, despite underlying profit down by 5.5% to $134.6 million in first half earnings.


Mineral Resources and IGO both up 6.2%.


And a mixed day for the banks saw NAB up 0.5% & ANZ up 0.6%, while Commbank and Westpac both went backwards.


GQG Partners slid by 14% to $2.02 after receiving a broker downgrade from UBS.


Clarity Pharmaceuticals down 6.2% and Regis Healthcare down 3.4%


While down more than 1% was Dexus, Charter Hall and Lovisa.

CURRENCY UPDATE:


AUD/USD: 65.01 US cents


AUD/GBP: 51.2 pence


AUD/EUR: 61 Euro cents


AUD/JPY: 97 Japanese yen


AUD/NZD: 1.10 NZ dollars

Northern Star will put a $5 billion bid across the table to acquire De Grey mining, as the gold price continues to sit near the top of its range.
MARKET WRAP:
<ul>
<li dir="ltr" aria-level="1">
ASX200: up 0.14%, 8,447
</li>
<li dir="ltr" aria-level="1">
GOLD: $2,654 US/oz
</li>
<li dir="ltr" aria-level="1">
BITCOIN: $147,889 AUD 
</li>
<li dir="ltr" aria-level="1">
A $5 billion bid for De Grey Mining by gold giant Northern Star Resources saw De Grey shares lift almost 30% to $1.97, while Northern Star went the other way, down 5.3% to $16.59.
</li>
<li dir="ltr" aria-level="1">
IGA operator Metcash lifted 2.2% to $3.19, despite underlying profit down by 5.5% to $134.6 million in first half earnings.
</li>
<li dir="ltr" aria-level="1">
Mineral Resources and IGO both up 6.2%.
</li>
<li dir="ltr" aria-level="1">
And a mixed day for the banks saw NAB up 0.5% &amp; ANZ up 0.6%, while Commbank and Westpac both went backwards.
</li>
<li dir="ltr" aria-level="1">
GQG Partners slid by 14% to $2.02 after receiving a broker downgrade from UBS.
</li>
<li dir="ltr" aria-level="1">
Clarity Pharmaceuticals down 6.2% and Regis Healthcare down 3.4%
</li>
<li dir="ltr" aria-level="1">
While down more than 1% was Dexus, Charter Hall and Lovisa.
</li>
</ul>
CURRENCY UPDATE:
<ul>
<li dir="ltr" aria-level="1">
AUD/USD: 65.01 US cents
</li>
<li dir="ltr" aria-level="1">
AUD/GBP: 51.2 pence
</li>
<li dir="ltr" aria-level="1">
AUD/EUR: 61 Euro cents
</li>
<li dir="ltr" aria-level="1">
AUD/JPY: 97 Japanese yen
</li>
<li dir="ltr" aria-level="1">
AUD/NZD: 1.10 NZ dollars
</li>
</ul>

Join Deborah Knight for Money News, the most respected business program on radio.


If you crave the latest insights into super & small business, interest rates & investment, and economics & e-commerce, then the team at Money News has everything you need to know.


Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing moneynews@2gb.com

Join Deborah Knight for Money News, the most respected business program on radio.
 If you crave the latest insights into super &amp; small business, interest rates &amp; investment, and economics &amp; e-commerce, then the team at Money News has everything you need to know.
 Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing <a href="mailto:moneynews@2gb.com">moneynews@2gb.com</a>

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