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ASX up 1.7 per cent, all sectors higher

ASX s fast start slowed by offshore mood
AAP
8/03/2021
Steven Deare
© Joel Carrett/AAP PHOTOS
The ASX closed higher but well down on earlier highs in the session.
After surging early, Australia s share market closed with modest gains as changing investor sentiment overseas took a toll on local equities.
The S&P/ASX200 benchmark index closed higher 28.8 points, or 0.43 per cent, to 6739.6 on Monday.
The All Ordinaries closed higher by 28.6 points, or 0.41 per cent, at 6971.6.
Materials was the top sector, up 1.65 per cent.
Consumer staples, energy and financials closed half a per cent or more higher.
The ASX200 was 1.7 per cent higher at 1200 AEDT and earlier reached a daily high of 6835.6 after US markets closed higher on Friday. ....

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Australia: ENN sells Santos shares

Santos has been advised by ENN Group that it has sold approx. 107.1 million shares representing a 5.14 per cent interest in Santos at $7.33 per share. ENN has advised Santos that it remains fully supportive of Santos’ strategy and future direction and is excited to remain Santos’ largest individual shareholder with a 9.97 per cent stake. ....

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China's ENN Reduces Stake in Santos

China s ENN Cuts Stake in Santos
Australian oil and gas explorer Santos on March 8 said that China s ENN Group has reduced its stake in the company.
ENN Group sold approximately 107.1mn shares representing a 5.14% interest in the company at A$7.33 (US$5.65)/share. Despite the sale, the Chinese company remains Santos largest shareholder with 9.97% ownership.
“ENN has advised Santos that it remains fully supportive of Santos strategy and future direction and is excited to remain Santos largest individual shareholder,” Santos said.
As a result of the reduced shareholding, Santos 2017 strategic relationship agreement with ENN regarding board representation and other matters is no longer effective. Accordingly, the ENN-nominated director Eugene Shi will resign from the Santos board following the completion of the sale, the company said. ....

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Blow for Santos as China's ENN exits - News for the Oil and Gas Sector

Santos said today that its largest shareholder had sold about one third of its stake worth A$785 million ($603.7 million) in the Australian gas producer. ....

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Santos' biggest shareholder cuts stake by a third, remains top investor

Santos Ltd said on Monday its largest shareholder had sold about a third of its stake worth A$785 million ($603.7 million) in the Australian gas producer. ....

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