The Myer Holdings Ltd (ASX: MYR) share price gave up some of yesterday's strong gains today after it commented on the recent trading in its shares. The broader market soared higher for the day.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 1.3% to 5821 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 1.2% to 5860 points
- AUD/USD at US 76.19 cents
- Iron Ore at US$81.57 a tonne, according to the Metal Bulletin
- Gold at US$1,254.70 an ounce
- Brent oil at US$50.95 a barrel
After soaring more than 18% on Monday, the MYR share price dropped 5.2% when it said it "has not received any communication in relation to yesterday's trading on any corporate activity". It was speculated that the retailer could have become a takeover target.
The iSentia Group Ltd (ASX: ISD) share price shed 3.3% for the session as well, with Orocobre Limited (ASX: ORE) and St Barbara Ltd (ASX: SBM) down 2.4% and 2%, respectively.
Elsewhere, there was plenty for investors to smile about. The Mantra Group Ltd (ASX: MTR) share price soared 12.3% following recent speculation of takeover activity, even though the group confirmed it is not in discussions with any potential buyers.
Ardent Leisure Group (ASX: AAD) shares soared 11%. The Aconex Ltd (ASX: ACX) share price lifted 8.2%. And Whitehaven Coal Ltd (ASX: WHC) jumped 4.4%.
The BHP Billiton Limited (ASX: BHP) share price rebounded 1.5% as well, with Commonwealth Bank of Australia (ASX: CBA) rising 2.2% for the day.
Here are Tuesday's top stories:
