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Mergers and acquisitions activity spurs ASX gains

2015-05-25 09:54:28| Biotech - Topix.net

The Australian sharemarket climbed on Monday, led by blue-chip names such as the big banks and spurred on by merger and acquisition activity, while a leap in the iron ore price supported miners. Despite a weak lead from Wall Street, the S&P/ASX 200 index surged within an hour of opening and reached a high of 5733 in the middle of the day before fading to close at 5712.5, up by 1 per cent.

Tags: activity gains acquisitions mergers

Category:Biotechnology and Pharmaceuticals

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