ASX 200 Flirts With 8,000 Close, Continues Rally
The ASX 200 index flirted with a close above the 8,000 level today, hitting an intraday high of 8,025.20 before ending up 0.22% at 7997.70 and notching its eighth consecutive day of gains. This marked improvement was spearheaded by the robust performance of resources and technology companies. Leading the charge were gold and iron ore…
ATFX Launches MT5, Offering Enhanced Trading Experience for Global Users
ATFX, a leading global CFD broker, proudly announces the launch of MetaTrader 5 (MT5) platform. This milestone not only underscores ATFX’s unwavering commitment to continually upgrading its customer service quality but also marks a significant leap forward in the brand’s mission to create an exceptional trading environment for investors worldwide. Over the years, ATFX has…
VTM Shares Climb As Firm Pursues License for Rare Earth Project
Victory Metals shares (ASX:VTM) have gained more than 6.5% so far today, bringing weekly gains a little above 14%. With the 1 year appreciation in VTM now up to 75%, why are markets bullish on the stock? For one, the firm has taken a significant stride in its Australian operations by formally applying for a…
CSL Rated a Buy Post FY24 Results
Leading blood plasma and vaccine manufacturer CSL (ASX:CSL) has been tagged as a ‘buy’ by major brokerage firms following its financial outcomes for the fiscal year 2024 (FY24). The company, renowned for its growth trajectory, recently disclosed its revenue and earnings, alongside providing forward-looking guidance that stands to shape investor expectations. CSL reported a robust…
BHP Shares Up As Bonus Offer To Escondida Miners Reported
Shares of mining giant BHP Group Ltd (ASX: BHP) witnessed a slight upturn today, gaining 0.25% to close at $40.74 earlier threatened to break back above $41 (the intraday high). Markets are reacting today to the looming threat of a strike at the company’s significant Escondida copper mine in Chile with the firm offering a…
QBE Half-Year Profits Soar
QBE Insurance Group (ASX: QBE) has delivered a stunning financial performance in the first half of the year, doubling its profits compared to the previous year. The insurance heavyweight reported a substantial increase in earnings, rising to $US802 million from $US400 million in the previous corresponding period. This substantial growth is a clear indicator of…
Fisher and Paykel Shares (ASX: FPH) Trading Around 52 Wk Highs
Fisher & Paykel Healthcare shares (ASX: FPH), a key player on the ASX 200, has recently demonstrated a solid performance that have seen the price hitting new 52-week highs in trading. At the close, the shares stood at a commendable $29.95, just shy of the intra-day peak of $30.32. Up almost 36% on a YTD…
Zooming Out On Fortescue Metals Shares (ASX: FMG)
Looking at Fortescue’s performance on a stock chart through 2024 does not make pretty reading, but the firm remain a hugely influential name that has performed admirably over longer time horizons. The 37% dip seen in FMG shares since the start of the year seems poor at first glance, but when you zoom out and…
RBA Keeps Rate Steady Amid Inflation Concerns
In its latest monetary policy decision, the Reserve Bank of Australia (RBA) has opted to hold interest rates at 4.35%. Despite this steadiness, the RBA has adopted a hawkish tone, signalling concerns about high inflation, supply and demand imbalances, and weak domestic economic activity. Underpinning the decision to maintain the current interest rate is the…
Lynas Rare Earths Reserves Soar Despite LYC Share Price Dip
Lynas Rare Earths (ASX: LYC), a leading producer of rare earth minerals, has announced a striking 92% increase in its mineral resources. These resources, vital for advanced electronic and green energy technologies, have soared from 55.4 million tonnes to 106.6 million tonnes, with a reported Total Rare Earth Oxide (TREO) concentration of 4.12%. This significant…
