The S&P/ASX 200 (INDEXASX: XJO) (^AXJO) and All Ordinaries (INDEXASX: XAO)(^AORD) indices ended lower on Tuesday.

All Ordinaries: down 0.2% at 5,859 points

ASX 200: down 0.1% at 5,752 points

ASX 200 Movers

  • Santos Ltd (ASX: STO) – up 16.2%
  • Evolution Mining Ltd (ASX: EVN) – up 3%
  • Virgin Australia Holdings Ltd (ASX: VAH) – up 4.5%

ASX 200 Losers

  • Afterpay Touch Group Ltd (ASX: APT) – down 6.8%
  • Pushpay Holdings Ltd (ASX: PPH) – down 3.7%
  • REA Group Ltd (ASX: REA) – down 2.8%

Australian Investing News

The biggest financial news in Australia and the ASX 200 came from Santos, the $10.5 billion oil and gas energy company.

This morning, Santos announced to the ASX that has received an unsolicited, conditional and non-binding offer from Harbour Energy Ltd. The offer values Santos at US$4.98 per share, or about $6.50 using an exchange rate of 76.62 US cents.

The offer follows three unsuccessful takeover offers from Harbour, which valued Santos shares at $4.55 (August 2017), $6.25 (March 2018) and $6.37 (March 2018). With some uncertainty to the offer, Santos said: “Directors therefore advise that Santos shareholders take no action in relation to the Harbour Proposal at this time.”

You can read more about the offer here: Santos Just Received A Large Takeover Offer From Harbour Energy.

At 2:30 pm today, Australia’s central bank, the RBA, released its latest thoughts on interest rates and published an economic statement. The RBA decided to leave Australia’s official interest rate at 1.5%.

“The low level of interest rates is continuing to support the Australian economy,” the RBA said. “Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.”

After finding itself the target of a short seller’s research report last week, shares of Blue Sky Alternative Investments Ltd (ASX: BLA) moved from trading halt to suspension today. Read more about Blue Sky’s trading halt here: Blue Sky (BLA) Shares Frozen Over Glaucus Report.

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