the COB 110624

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Local investors returned from the long weekend and weighed up Friday's hotter than expected US jobs data and the outlook for interest rates, which prompted them to sell. • The S P/ASX200 fell below its 20-day moving average to finish 1.33% lower at 7,755.40. • The resources sector was hardest hit with iron ore falling to a two month low on concerns about weakening demand in China. Rio Tinto (ASX: RIO) fell 2.23%. The gold miners fared even more poorly after the gold price fell 3.5% on Friday. Emerald Resources (ASX: EMR) and West African Resources (WAF) were the worst performers, down close to 9%. • Energy stocks were caught up in the selling with the coal and uranium producers the hardest hit, Paladin (ASX: PDN) fell 6.25%, however Strike Energy (ASX: STX) bucked the trend to finish 13.16% higher. • Shares in car parts retailer Bapcor (ASX: BAP soared 13.59% after receiving an unsolicited $1.8 billion takeover offer from Bain Capital. • AGL Energy (ASX: AGL) fell 1.43% having announced it will spend $300 million over the next four years in a partnership with Ovo's Kaluza smart energy platform. • And Nine Entertainment (ASX: NEC) shares eased slightly after the company's chairman Peter Costello resigned on the weekend. • Join 90,000 investors who use ausbiz for investing ideas and opportunities. Get the full experience live, on-demand and free at https://ausbiz.com.au/. When you subscribe you can tailor your content to your interests - by company, expert, topic and series. • Subscribe to our newsletter: https://company.ausbiz.com.au/newsletter • Twitter: / ausbiztv • Facebook: / ausbiztv • With thanks to our presenting partner, Pepperstone: https://pepperstone.com/en-au/ • #asx #sharemarket #stocks #ausbiz #shares #investing #equities #hotstocks #stockpicking #marketwrapup

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