Coles at one-year high ahead of ACCC review, low volume keeps bid hidden
Coles Group Ltd ended the financial-year trading week at its highest level in a year, a defensive trade ahead of a new regulator file opening on supermarket margins. Coles ended the week up 3.2%, climbing from A$23.66 to A$24.41 after moving higher in four out of five sessions. Shares finished at their session high on Friday. The ASX is closed Saturdays, so Friday’s close is the last trade.