Coles at one-year high ahead of ACCC review, low volume keeps bid hidden
Coles shares closed at A$24.41 Friday, a 52-week high, up 1.5% on light volume of 2.10 million, below the 3.08 million average. The ACCC will begin monitoring supermarket prices at Coles and Woolworths from July 1 under new excessive-pricing rules. Coles’ price-earnings ratio stands at 32.28, with a 2.99% dividend yield. The company’s FY26 investor day is set for August 25.