Graincorp adds 40% despite weaker market: Afternoon market insights

The ASX sank into the red today, following Asian markets which have all posted losses so far in the trading day.

At 2.10pm, the ASX200 gave up 0.67% to 4540.4, while the broader All Ordinaries index lost 0.66% to 4563.2.

Graincorp shares bucked this trend, rising more than 40% on the back of a takeover offer.

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