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S&P/ASX 200 opens in the green and climbs straight through 6,200

ASX 200 is up 0.8% or 46.6 points higher to 6,227.3 points at 1.42pm.

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The ASX has taken the US's lead from its strong Friday trading session

S&P/ASX 200 (INDEXASX:XJO) has opened strongly this morning reaching 6,234 at around 11.00am, up around 1%.

Toll road operator Transurban (ASX:TCL) is down 0.8% through the mid-afternoon after it was revealed its CEO sold $6.47 million worth of stock.

Meanwhile Afterpay (ASX:APT) is having a very strong day of trade reaching $22.59 just after lunch, up 7.8% on the day.

Afterpay shares have an all-time high of $23.00, reached in August 2018.

Pre-market: S&P/ASX 200 set to open moderately higher after strong US session Friday

S&P/ASX 200 futures are pointing to a moderately stronger open after a strong session to close the quarter in the US on Friday.

Both the S&P 500 Index (INDEXSP:.INX) and the Nasdaq Composite (INDEXNASDAQ:.IXIC) finished higher.

Uber competitor Lyft debuted on stockmarkets Friday in the US after an IPO of shares at $72.

Shares traded as high as $87 before closing at 78.29 representing a gain of 8.7%.

Trump calls out Fed for rising rates

President Trump also had a busy weekend on Twitter with perhaps his most interesting tweet calling out the Federal Reserve for mistakenly raising interest rates.

 

 

Transurban CEO sells $6.47 million of shares

One of the more interesting pieces of news to come out post-close Friday was the revelation that Transurban (ASX:TCL) CEO Scott Charlton had sold 500,000 shares on-market.

The average sale price of $12.94 amounts to gross proceeds of $6.47 million.

The disclosure notice said the sale was to fund impending tax and financial obligations, a common reason provided for large share sale transactions.

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