Despite experiencing a mid-week dip on the back of US rate cut fears, the benchmark ASX 200 index recovered to finish the week up 2.8% at 5,976 points at close of trade on Friday.
APN News and Media (ASX: APN) shares ended the week up 8.1% to $0.99 after it was announced News Corp (ASX:NWS) was increasing its interest in the company.
Lend Lease (ASX: LLC) shares were also lifted by news it had finalised a deal in Malaysia worth an estimated $2.8bn, with investors also reacting positively to Woodside Petroleum (ASX: WPL) restarting production at its Pluto LNG plant.
BHP Billiton (ASX:BHP) said it raised $1bn by issuing medium-term notes in the Australian bond market, while Fortescue Metals (ASX: FMG) deferred a US$2.5bn note offering, citing unfavourable debt capital market conditions.
Shares in Myer (ASX: MYR) had fallen 14.3% to $1.35 by the end of the week after the retailer posted a 23.1% fall in net profit for the half year to 24 January.
Myer shares have now halved in the last 12 months, down 50.1%.