The Blackmores Limited (ASX: BKL) share price went nuts today following reports that China has delayed its new cross-border e-commerce laws indefinitely. The broader market, on the other hand, ended the session slightly in the red.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.1% to 5774 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) flat at 5819 points
- AUD/USD at US 77.03 cents
- Iron Ore at US$91.49 a tonne, according to the Metal Bulletin
- Gold at US$1,228.90 an ounce
- Brent oil at US$51.83 a barrel
The BKL share price ended the day a whopping 13.1% higher. The Bellamy's Australia Ltd (ASX: BAL) share price also benefited from the news, lifting 15.7%, while a2 Milk Company Ltd (Australia) (ASX: A2M) shares jumped 4.5%.
The TPG Telecom Ltd (ASX: TPM) share price also rose 5.4% following a positive earnings result while the Mesoblast limited (ASX: MSB) share price gained 12.7%.
The Spotless Group Holdings Ltd (ASX: SPO) share price skyrocketed 49% after it received a takeover offer from Downer EDI Limited (ASX: DOW). Downer's own share price ended the session flat after it entered a trading halt this morning.
Nearmap Ltd (ASX: NEA) didn't fare so well today. It's share price fell 10% to 45 cents. Thorn Group Ltd (ASX: TGA) also shed 6%.
Here are Tuesday's top stories:
