Last week, the S&P/ASX 200 index fell 12.1 points or 0.2 per cent to close on Friday at 6045.20.
Here are the week’s 3 biggest ASX 200 winners.
The Nanosonics Ltd (ASX:NAN) share price jumped 14.13 per cent higher to close the week at $3.07. Nanosonics shares climbed steadily following the release of survey results from the US that found a high rate of non-compliance with major disinfecting guidelines for surface ultrasound probes.
Having last month gained FDA clearance and a Medical Device Licence from Health Canada, Nanosonics plans to launch in the US and Canada in the first quarter of FY19, and believes these survey results demonstrate a strong opportunity for its trophon2 disinfection technology.
A2 Milk Company Ltd
The A2 Milk Company Ltd (ASX:A2M) share price jumped 9.89 per cent higher to close the week at $10.56. Despite receiving mixed reports from brokers recently, A2 Milk shares have been boosted as the sell-off that occurred after the negative broker note may have created a buying opportunity for bargain hunters looking for a long-term investment. Investment manager giant Blackrock took up a 5% stake in a2 Milk on 31 May 2018.
Sandfire Resources NL
The Sandfire Resources NL (ASX:SFR) share price jumped 9.3 per cent higher to close the week at $9.52. Sandfire shares were boosted by the announcement that it had reached an agreement with Talisman Mining Limited (ASX:TLM) to acquire Talisman’s 30% interest in the Springfield Exploration and Mining Joint Ventures in the Doolgunna region of WA.
The acquisition will give Sandfire 100% ownership of the Monty copper-gold deposit, located 10km from the DeGrussa Copper-Gold Mine including its 1.6Mtpa processing plant.
Talisman will receive approximately $72 million in cash plus an ongoing 1% Net Smelter Return (NSR) royalty on future discoveries at Springfield Joint Ventures.