Stocks of interest on the Australian share market at the close on Friday:
BHP – BHP BILLITON – up 76 cents, or 2.3 per cent, to $34.40
Nearly a year after putting its US shale assets up for sale and after months of market anticipation, BHP on Friday agreed to sell them to BP and US group Merit Energy for a total $US10.8 billion ($14.6 billion).
AMP – AMP LIMITED – down 18 cents, or 5.2 per cent, to $3.30
AMP dropped to a new 15-year low after warning first-half underlying profit will drop by as much as 11 per cent, and the financial group put aside almost $300 million to refund and compensate customers it overcharged for financial advice.
NEC – NINE ENTERTAINMENT – down 7 cents, or 3.1 per cent, to $2.19
FXJ – FAIRFAX MEDIA LTD – down 3 cents, or 3.6 per cent, to 80.5 cents
Nine Entertainment shares continue to slide a day after the company moved to acquire Fairfax Media, with one analyst expressing doubt over how the merged group will fare against digital giants such as Google.
WHA – WATTLE HEALTH – up 30.5 cents, or 24.4 per cent, to $1.555
Infant formula and food group Wattle soared after the company announced a 71 per cent increase in gross sales for 2017/18.