The S&P/ASX 200 Index (ASX: XJO) rose by 0.5% to 7,308 points.
Here are some of the highlights from the ASX:
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Charter Hall Group (ASX: CHC)
The Charter Hall share price went up more than 2% after an update.
The ASX 200 real estate management outfit said that its funds under management (FUM) has increased after property revaluations.
It said that the FUM will see gross valuation increases of $3.3 billion, including $0.6 billion of development capital expenditure, which is expected to see group FUM rise to approximately $52 billion as at 30 June 2021.
Group FUM has increased $12 billion over the course of FY21, resulting in 28% growth of FUM.
Charter Hall's CEO and managing director David Harrison said:
Today's valuation outcomes demonstrate the success of our investment selection process. We've seen impressive valuation gains across most sectors, delivering strong returns for our investors. Our focus on securing long-leased assets to high quality tenants, often secured through off-market sale-and-leaseback transactions, or through our develop-to-core development pipeline, continues to deliver attractive enhanced returns. The net valuation growth for FY21 of $3.7 billion in addition to the $1.8 billion of capex during FY21 has complemented the $7.8 billion of acquisitions and $1.8 billion of divestments, resulting in $6 billion of net acquisitions for FY21 to date.
Boral Limited (ASX: BLD)
The Boral share price went up around 6% after receiving a higher takeover offer from Seven Group Holdings Ltd (ASX: SVW).
Seven Group announced an extension to its takeover offer to 2 July 2021.
Seven Group said that if it receives acceptances under its offer is sufficient to increase its aggregate interest in Boral shares to 29.5% or more before 5pm on 2 July 2021, it will increase its offer to $7.30 cash per Boral share.
It will increase the offer to $7.40 per share if the acceptances increases Seven's interest of Boral shares to 34.5% or more.
Star Entertainment Group Ltd (ASX: SGR)
The Star share price went up 0.3% today.
After the market closed, Star Entertainment gave an update about The Star Sydney's operating restrictions.
The ASX 200 casino operator noted the NSW Government's announcement of a seven day stay-at-home order that applies to four local government areas (LGAs) including The Star Sydney and takes effect from 11:59pm on 25 June 2021.
The orders also detail that people should only enter the four LGAs for essential purposes.
It will cease operations, apart from limited hotel facilities. This will remain in place until at least 11:59pm on 2 July 2021.
The Star will continue to pay staff during the seven day stay-at-home period.
