Shares of listed services company, Spotless Group Holdings Ltd [ASX:SPO] gained more than 48% today, as engineering and infrastructure management company, Downer EDI Ltd [ASX:DOW] made a takeover bid for Spotless.
Shares of Australia’s third largest iron ore producer, Fortescue Metals Group Ltd [ASX:FMG], slumped 3.7% today; BHP Billiton Ltd [ASX:BHP] fell more than 3%; and Rio Tinto Ltd [ASX:RIO] took a beating, down by 2.2%
Shares of Fortescue Metals Group Ltd [ASX:FMG] soared more than 2.7% today as the iron ore price and steel futures in China continued to rise, and expectations increased that Fortescue may pay a higher-than-expected dividend this year.
These five blue chip stocks represent 38% of the Australian market.
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