Australia's Incitec Pivot set for biggest weekly gain since mid-July

Dyno Nobel

15/09/2023 05:11

** Shares of Incitec Pivot  IPL.AX  up 4.7% so far this
week, on track to post their biggest weekly pct gain since July
14, if gains hold 
    ** IPL jumps as much as 1.9% to A$3.200 for the day, hitting
its highest level since May 16 
    ** Earlier in the week, Australia's top fertiliser maker
said it continues to pursue a potential sale of its fertiliser
business
    ** Co did not disclose names of any potential buyers
    ** It was in talks with Indonesia's state-owned PT Pupuk
Kalimantan Timur for the sale of the fertiliser arm, Reuters had
previously reported 
    ** IPL on track to record a second consecutive session of
gains, if trend holds
    ** Stock down 16.5% YTD, as of last close 

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))