The S & P/ASX200 gained just 0.1 per cent, or 7.8 points, to reach 6,780.7. The All Ordinaries also rose, adding 7.3 points to 6,967.5.
In company news, shares in Inghams Group soared 7.9 per cent to $3.68, the highest since October 2021 after the poultry producer announced a half yearly statutory earnings of $247 million before interest, tax and amortisation in the first half of FY2024 Treasury Wine Estates, owner of Penfolds, announced its plans to acquire Daou Vineyards based in California. Picture: Supplied
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Rise of Zombie Companies Threatens Australian Stock ExchangeMore than 100 companies listed on the Australian stock exchange are on the brink of collapse, with a restructuring expert predicting the rise of “zombie” companies will continue.
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Rise of Zombie Companies Threatens Australian Stock ExchangeMore than 100 companies listed on the Australian stock exchange are on the brink of collapse, with a restructuring expert predicting the rise of “zombie” companies will continue.
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Live updates: Australian share market to rise, Wall Street ends sharply higherA rally on Wall Street is likely to send Australian stocks higher, while oil prices ease on lessening fears about the Israel-Gaza war disrupting supply from the region. Follow the latest updates in our live blog.
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Live updates: Australian share market rises, Wall Street ends sharply higher, AustralianSuper rejects Brookfield offerA rally on Wall Street sends Australian stocks higher, while oil prices ease on lessening fears about the Israel-Gaza war disrupting supply from the region. Follow the latest updates in our live blog.
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