AU Morning Wrap: ASX Jumps; Origin Bid Sweetened to A$19.9B

In the tug of war between low-risk government debt and higher-risk equities, that was enough of a signal to push stocks higher Wednesday. The $Dow Jones Industrial Average(.DJI.US)$ rose 0.7 per cent, or 222 points, while the tech-heavy $Nasdaq Composite Index(.IXIC.US)$ added 1.6 per cent. The $S&P 500 Index(.SPX.US)$ increased 1.1 per cent, led by the information-technology and communication services sectors.

The $S&P/ASX 200(.XJO.AU)$ is 70.8 points, or 1 per cent, higher, pushing the benchmark back above 6900 points for the first time this week.

$Origin Energy Ltd(ORG.AU)$: Origin Energy has dropped 1.9 per cent to $8.90 after Brookfield and EIG sweetened their takeover bid for the company to $9.53 per sure, following pressure from shareholders to up the previous $18.7 billion offer.

$CSR Ltd(CSR.AU)$: CSR has jumped 5.5 per cent to $5.93 after earnings in the company’s building products segment jumped 18 per cent to $165 million in the six months to September 30.

$Janus Henderson Group PLC(JHG.AU)$: Global asset manager Janus Henderson is 4.1 per cent higher at $37.87. The firm plans to de-list from the ASX on December 6, citing the decline in the shares traded on the local exchange to just 5.5 per cent of its issued capital.

$Sayona Mining Ltd(SYA.AU)$ Battery metals hopeful Sayona Mining has unearthed new lithium hits at its North American Lithium operation in Québec, Canada, saying the new finds have potential to upgrade the known resource at the site. Shares have inched 1.4 per cent higher to 7.3c