Tuesday Market Unpacked – 07/01/20
An absolutely cracking day on the ASX today with a 1.35% rise in the ASX200 with healthcare and staples leading the charge. Posting its best gain in the last 3 weeks, adding $27.3bil!
Investors appear to be shaking off fears of military threats from Iran and being more risk-on with gold stocks pulling back slightly from their rally yesterday.
Here are 3 stocks you may have missed today!
A report has surfaced of a counter-bid from Britain’s EG Group for Caltex. This comes after the $8.6 billion offer from Alimentation Couche-Tard at $34.50 per share, which was rejected by Caltex as it was deemed that it didn’t encapsulate the true value of the business.EG Group had completed its $1.7 billion acquisition of the Woolworths petrol stations back in April of last year.
CTX:ASX ↑2.01%
Polynovo released a market announcement revealing a record $2 million in sales in December. The company’s Novosorb wound dressing specifically designed for healing severe burns, trauma and surgical reconstruction has seen a rapid take-up. This is following on from the news of the recent sales to the US military/The update saw the shares rising by more than 11% today.
PNV:ASX ↑11.85%
Micro-investing platform Raiz has revealed an increase of active customers of 20.7% in 2019 to 211,657.In the same timeframe, total funds under management have increased by 75%.
CEO George Lucas highlighted more than anticipated growth in their superannuation offering with an increase of 125% to $64 million.
RZI:ASX 0.00%
And that’s the market unpacked! 
CTX:ASX
$35.05
+
0
%
PNV:ASX
$2.03
+
0
%
RZI:ASX
$0.83
0
%
