Bega Cheese and Biggest Loser

: The All Ordinaries index rose by 0.75 of a per cent to close at 5,094, according to Australian Broadcasting Corporation. The ASX 200 index added 38 points to finish on 5,044. The gains were capped by some soft manufacturing data from China, with official figures showing factory activity last month shrank at its fastest pace in nearly three-and-a-half years. Bega Cheese was the biggest loser, shedding 10.5 per cent to $6.32 after announcing Coles supermarkets would change suppliers for its own brand of cheese when their current five-year contract ends early next year. Meanwhile the Australian dollar lost steam after the release of the Chinese manufacturing data. Adventure retailer Kathmandu went the other way, jumping 11.6 per cent to $1.54 after forecasting higher sales and profits for the first half of the year. (news.financializer.com). As reported in the news.

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