Coles Jumps as ASX Slides, Grocery Stocks Catch a Bid
Coles Group Ltd gained Tuesday, with investors turning to supermarket stocks for defense as the Australian market reopened after the long weekend and shook off sharp early declines. Coles shares ended A$0.40 higher at A$22.61, gaining 1.8%. The stock moved between A$22.18 and A$22.75. Coles said volume was 4.1 million shares, with the price last updated at the 4 p.m. ASX close.