Are WiseTech Global Shares Turning A Corner?
There are tentative signs that WiseTech Global shares (ASX: WTC) are turning a corner after one of the most punishing selloffs on the ASX this year. The WiseTech share price rounded out last week at A$33.63, a 4.25% daily gain that shifted the week positive, up 0.6%. Despite it’s second consecutive week of gains (however…
PLS Shares At 2026 Low, As Key Level Emerges
PLS shares (ASX: PLS) fell 5.41% to A$3.50 ahead of the weekend, extending what has been a difficult period for bulls, down 48% since the start of June. After rallying 56.38% YTD up to that point, the reversal has been sharp, and with a strength that is not slowing, as 39.98 million shares changing hands…
ASX 200 Returns Neutral on Year, As Tech Stems Selling
The ASX 200 rounded out the week on a bullish note, posting back-to-back weekly gains to remain effectively flat for the year. The index added 0.64% on Friday to settle at 8,716.60, a weekly gain of 0.4% that followed a 0.2% gain in the prior period. Friday’s session was welcome relief for many of the…
EOS Shares Swing More Than 20% To Close Week Down Double Digits
Electro Optic Systems (ASX: EOS) delivered the biggest contract announcement in its history on Friday, but it almost looks like someone forgot to tell the market, after an intraday reversal left the stock down more than 4% on the day. The EOS share price rallied strongly out of the gate to an all-time high of…
Firmus IPO Officially Shelved: Here’s Why
This week has seen plenty of toing and froing with the Firmus IPO, which has now been officially been shelved, putting a firm pause on what would have been one of the largest listings in Australian history. Institutional markets rejected the aggressive pricing, as the gap between private valuations and public markets became apparent. Yesterday…
CBA Shares Slide Back Below A$150 as Bear Market Territory Looms
CBA shares (ASX:CBA) have fallen below the A$150 level, sitting just over a dollar away from a fresh 52-week low, as macro headwinds continue to bite a chunk out of some of Australia’s leading names. The CBA share price will head into this final trading session of the week at A$148.12, a level that places…
ASX 200 Negative on Year, Defensives In Favour Ahead of Weekend
The ASX 200 will head into the final trading session of the week at 8,660.90, in what has been a mixed week of defensive trading, with rising bond yields, and persistent inflation keeps broad market optimism in check. The S&P/ASX 200 shed 0.77% on Thursday, extending a two-day losing streak that followed back-to-back gains earlier…
Elevra Lithium Shares Down 63% In Five Months: The Latest Look
Elevra Lithium shares (ASX: ELV) fell 4.04% to close yesterday’s session at A$4.99, pushing the company’s market cap below the A$1 billion level to A$965.92 million. A landmark spodumene supply agreement with battery heavyweight LG Energy Solution failed to arrest the sell-off in Elevra Lithium shares, which now sit 63.06% lower in the past five…
Boss Energy Shares Downgraded To Sell, In Uranium Shake Up
Boss Energy shares (ASX:BOE) were just hit with a downgrade to Sell, as analysts at Goldman Sachs simultaneously raise Paladin Energy to Neutral, following a difficult day in both stocks. The Boss Energy share price closed Thursday’s session down 4.43% at A$1.51, while Paladin Energy shares (ASX: PDN) fell 6.34% to finish at A$8.71. The…
Rio Tinto Shares Hit Resistance at Key Moving Average, Down 9.68% on Month
Rio Tinto’s shares (ASX: RIO) have been struggling to find their footing in recent weeks, trading between technical resistance and a closely watched support floor that has kept momentum at a premium. The RIO share price heads into the final trading session of the week at A$161.97, following a 2.86% pullback yesterday that has undone…
