Stocks of interest on the Australian stock exchange and their moves over the course of the week:
APA – APA GROUP – up $1.46, or 17.46 per cent, at $9.82
Shares in APA Group surged after the Australian infrastructure giant received a $13 billion takeover proposal from a Chinese consortium led by global infrastructure player CK Infrastructure Holdings.
AGO – ATLAS IRON – down 0.4 cents, or 10 per cent, at 3.6 cents
Atlas Iron tumbled after the Western Australian government indicated potential buyers of the junior miner may not be able to develop valuable export infrastructure.
TLS – TELSTRA CORPORATION – up 17 cents, or 6.14 per cent at $2.94
Telstra shares jumped following an upgrade on the outlook for the telco giant from analysts at JP Morgan. But the company remains well down on its $3.20 price before its shock earnings warning in May.
SRX – SIRTEX MEDICAL – up $1.40, or 4.73 per cent, at $31.00
Shares in the liver cancer treatment developer leapt after it accepted a $1.87 billion takeover bid from China’s CDH Genetech.