CSL Shares (ASX: CSL) Under Pressure Looking For Support
CSL Limited shares (ASX:CSL) have shown considerable chop in recent years, with the last five years of price action highlighting a market that is uncertain about which direction to take. The company, a stalwart of the ASX and a global leader in biotechnology, finds itself trading at A$239.29 per share, moving closer to the 52wk…
Telstra Group Shares (TLS) Hit Multi-Year High – What Next?
Telstra Group Limited (ASX:TLS) has broken through to a new 52-week high, reaching A$4.91 during intraday trading before settling slightly lower at A$4.88 into the close. This milestone marks a significant achievement for the telecommunications giant, with gains of 21% YTD, and 37.46% in 12 months painting a picture of outperformance. But what’s driving the…
Uranium Shares Gain As Deep Yellow Leads (DYL, BOE, PDN)
Australian uranium shares experienced a significant rally today, with Deep Yellow Limited (ASX:DYL) leading the pack with an impressive 21.24% surge in its share price. Boss Energy Limited (ASX: BOE) and Paladin Energy Limited (ASX: PDN) also enjoyed substantial gains, rising 17.66% and 15.56% respectively, reflecting renewed investor confidence in the sector. The surge comes…
ASX Ltd Shares (ASX: ASX) Drop as ASIC Launches Broad Investigation
ASX Limited (ASX.AX), the operator of the Australian Securities Exchange, is facing significant headwinds as its shares fell 6.62% today following the announcement of a comprehensive investigation by the Australian Securities and Investments Commission (ASIC). The ASX share price closed at $67.89, down $4.88 on the day, trading near a support area that had previously…
ASX 200 Slides into Weekend as Energy Sector (XEJ) Gains 4.7%
The Australian stock market presented a mixed picture to end the trading week, with the benchmark S&P/ASX 200 Index (ASX: XJO) facing downward pressure while the S&P/ASX 200 Energy Index (INDEXASX: XEJ) surged to new heights. As the ASX 200 dipped 0.21% into the weekend at 8,547.40, the XEJ closed at 8,625.20, marking a significant…
Woodside Energy Shares Make Big Red/Green YTD Move On Oil Price Gains
Woodside Energy shares (ASX:WDS) ended the week trading at A$25.21, as a gain of 7.41% on the day moved the price back into positive territory year-to-date (+1%). With the Israeli strike on Iran increasing tensions in the region, crude oil prices have soared more than 7% today. While the stock has shown strength today as…
Why is Domino’s Pizza Share Price (DMP) Down Again?
Domino’s Pizza Enterprises shares (ASX:DMP) continue in a seeming state of freefall today, with a 4.91% decline bringing the price to a close at the low of $20.32. Sentiment has been bearish for some time now, with an 85%+ drop from September 2021 highs, although the pace of decline is gathering pace in recent weeks….
Fortescue Metals Group Shares (ASX: FMG) Drop Alongside Iron Ore Price
Fortescue Metals shares (ASX: FMG) closed at $15.66, marking a 3.39% decline and cutting its winning streak at six days. This near-term positive momentum, with an 8% rise since the start of June (now 4.4%) leading into the session, contrasting with the significant challenges the company faced in recent times. The company’s performance in 2024…
Qantas to Ground Jetstar Asia Amidst Rising Costs – Jetstar Airways/Japan Not Impacted
Qantas Airways (ASX: QAN) announced today its decision to shutter Jetstar Asia, its Singapore-based budget airline subsidiary, by July 31, 2025. The move, attributed to escalating operational costs, intense regional competition, and persistent financial losses, marks the end of a 20-year venture that has struggled to achieve consistent profitability. While the news brings job losses…
Winners and Losers From July’s Minimum Wage Increase
In a move poised to ripple through the Australian economy, the Fair Work Commission (FWC) has mandated a 3.5% increase to the national minimum wage, effective July 1st. This adjustment, raising the hourly rate to A$24.94, translates to an extra A$1,670 annually for the approximately 2.6 million Australians relying on the national minimum wage or…
