ASX 200 sees more M&A, lithium rally extends, & Macquarie upgrades uranium forecast

The S&P/ASX 200 closed 16.3 points lower, down -0.22%.

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It looked like a quiet day on the surface, a modest pullback on very little volume within a tight trading range. But there’s still a little bit of action around as the ASX winds down for 2023. M&A activity continues with a buyout offer for Adbri ( ASX: ABC ), and there’s also a bid by Mitsubishi UFJ Financial Group for Link Group ( ASX: LNK ). The lithium rally extended into its second week, but is getting increasingly patchy, and uranium stocks prospered as major broker Macquarie upgraded its medium-term price forecast for the commodity.

Let’s dive in. Today’s major market moves Markets […]

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