Here are the winners and losers in the ASX 200 for the week ended Friday, June 3.
Top 5 share price gains
Liquefied Natural Gas
Weekly rise: 14.8% to 62 cents
Share price movement past 12 months: Down 84%
Shares in Liquefied Natural Gas (ASX: LNG) advanced despite the company not making any material announcement to the Australian Securities Exchange (ASX) since late April.
Natural gas futures traded on the New York Mercantile Exchange gained last week, as Brent crude oil closed at a seven-month high of US$50.04 per barrel on June 2, according to Bloomberg data.
Weekly rise: 13% to $7.20
Share price movement past 12 months: Down 30.5%
Select Harvests (ASX: SHV) shares rose for a second week after the almond grower raised its production forecast for 2016.
The company told investors last Monday it expects to produce 14,000 tonnes this year, compared with 13,700 tonnes estimated in April, as crop harvests were progressing ahead of previous years.
The group added that it’s positive about the outlook of its orchards in 2017.
Weekly rise: 12.1% to $7.20
Share price movement past 12 months: Down 30.7%
Rosenberg WorleyParsons, a subsidiary of engineering group WorleyParsons (ASX: WOR), won a $95m fabrication job from Norwegian oil and gas giant Statoil.
Under the contract, the company will construct three large bridges connecting the four platforms and two flare booms at the Johan Sverdrup oil field, WorleyParsons said in a statement last Friday.
Weekly rise: 12% to $5.03
Share price movement past 12 months: Down 8.9%
ALS (ASX: ALQ), which provides testing services to the mining and energy industries, received a $2.7bn takeover offer from Advent International and Bain Capital.
The indicative cash offer price of $5.30 per share was 31% higher than the stock’s closing price of $4.05 prior to the announcement.
ALS board unanimously rejected the offer, saying it was “opportunistic” and underestimated the company’s value.
Weekly rise: 11.9% to 94 cents
Share price movement past 12 months: Down 32.6%
Whitehaven Coal (ASX: WHC) hasn’t filed any announcement to the ASX since April 14, when it reported record coal sales in the March quarter.
In addition to selling its coal at a higher average price then, the company had said cash costs for the full 2016 financial year could fall.
Market movers this week
The board of the Reserve Bank of Australia (RBA) will meet tomorrow to decide on its latest monetary policy. The cash rate will be considered, with the latest data showing Australia achieved strong economic growth of 1.1% in the March quarter while inflation remains low.
Investors are likely to focus on any comment in the RBA statement that could impact the markets.
Commonwealth Bank economists expect no change in the June official cash rate, while the market has factored in a 5% chance of a cut, CommSec said.
The Australian Bureau of Statistics will release the April lending finance data this Friday. This broader data includes not just home loans but also business, personal and lease finance commitments, CommSec noted.
The data is important because it shows confidence and spending levels in the economy and indicates the appropriateness of the nation’s interest rate settings.
Meanwhile in China, authorities will announce the May data for the country's international trade on Wednesday.
China is Australia’s largest trading partner. Changes in the Asian country’s import and export figures can have a major impact on the Australian economy and markets.
Top 5 share price falls
FlexiGroup (ASX: FXL) tumbled 12% over the week to $1.935. The financial services provider said last Tuesday its FY16 statutory net profit after tax (NPAT) could fall by 35% from a year earlier due to one-off significant costs and asset write-offs from discontinued business units.
Cash NPAT would be higher than its previous estimate after including contribution from Fisher & Paykel Finance, FlexiGroup added.
Japara Healthcare (ASX: JHC) slumped 10.2% to $2.46, while Regis Healthcare (ASX: REG) lost 8.9% to $4.49, after a large investment bank published a research report on Australian aged care stocks.
Bendigo and Adelaide Bank (ASX: BEN) dropped 8.7% to $9.33 after a large investment house released a research note on the lender.
Diversified metals and mining group South32 (ASX: S32) declined 8.4% to $1.475. According to various news reports, workers at its nickel mine in Colombia are planning to go on strike over wage agreement disputes as the company cuts more jobs.