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Seven shines on cricket rights win: Aus shares close 0.2% higher

13 Apr 2018 – Market Wrap Report. ASX higher on Friday and higher for the week. Seven West Media (ASX:SWM) shares soared on the back of strengthening its sports free-to-air rights. Fletcher Building (ASX:FBU) gained 8.5 per cent after it confirmed Wesfarmers (ASX:WES) has been accumulating shares in its company. CBA (ASX:CBA) entered into an enforceable undertaking with the corporate watchdog, ASIC, for an advice fee refund program. Oil Search (ASX:OSH) announced ExxonMobil resumed production of liquefied natural gas in Papua New Guinea after a temporary shutdown following severe earthquake. Netwealth (ASX:NWL) saw a lift in its funds under administration in the quarter, taking it to $16 billion. Watch for full report.

Source: Finance News Network

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