AU Market Mover on 13 July

Core Lithium $CXO.AU$ , one of Australia’s biggest lithium producers, was in news today as it has reported a significant increase in Mineral Resource Estimate (MRE) and Ore Reserve Estimate (ORE) for its Finniss Lithium Project, in the Northern Territory. Core shares closed Wednesday’s trade 2.34% higher.

Fundie Platinum Investment Management $PTM.AU$ , shared its funds under management (FUM) data, as of 30 June 2022. Platinum saw net outflows worth AU$304 million in June, the highest since February last year. PTM share price slipped 2.29%.

ANZ Bank $ANZ.AU$ was also making headlines after confirming its discussions with Kohlberg Kravis Roberts for a potential acquisition of MYOB. ANZ share price shed off 1.19% today.

TPG Telecom $TPG.AU$ shares gained attention as escrowed shares of its three largest shareholders became available for sale. Shares came out of escrow as the TPG and Vodafone’s merger completed two years. However, TPG share price lost 0.85% in Wednesday’s trade.

In the top losing sector, Energy, a drop in oil prices has likely impacted shareholders. Energy majors Santos $STO.AU$ lost 1.29%, Beach Energy $BPT.AU$ shed 1.18% and Viva Energy Group $VEA.AU$ fell 2.85%.
Data source: Kalkine Media