Scentre Group Shares Pull Back To Start Week, As Analyst Downgrades
Scentre Group shares (ASX: SCG) have come under fresh pressure to start the week, down 4.43% to A$3.45 following a downgrade by Morgan Stanley and the insolvency of anchor tenant David Jones. This brings the stock’s YTD decline to 18.44%, a significant underperformance to the broader market, with the ASX 200 up 3.46% since the…
Capstone Copper Shares Flash Death Cross: The Latest Look
Capstone Copper shares (ASX: CSC) closed the week on shaky ground, flashing a classic bearish technical signal just as the global copper market faced a fresh wave of selling pressure. The CSC share price closed Friday at A$11.04, down 5.4% on the day after briefly testing a break below the psychologically significant A$11.00 level. The…
IAG Shares Make New High, As Bulls Eye Breakout
Amid the huge swings across the market this week, one name that has been quietly edging higher is IAG, with the shares making a new 52wk high at A$9 into the weekend, before closing at A$8.91 for a steady 1.25% gain on the week. IAG shares may have gone under the radar, but the move…
Macquarie Shares Pull Back From Highs, Despite Record Half-Year Profit: Here’s Why
Macquarie Group delivered a record first-half net profit that comfortably beat consensus expectations, yet markets chose to sell the news. The MQG share price closed down 3.69% on the day, and 1.42% lower on the week, as a divergence between its commodities trading arm and investment banking division complicated the otherwise impressive headline numbers. The…
Qantas Shares Reclaim Key Level Following Three Week Bounce
Qantas Airways shares (ASX: QAN) closed the week on with a 7.51% gain, as the company reaffirmed its full-year outlook, with demand holding firm. The update signals that management’s combination of disciplined capacity management and robust hedging is, for now, doing the job. The Qantas share price was flat into the weekend at A$9.45, holding…
Elsight Shares Down 67% on Month, Make Lowest Close of Year
Elsight shares (ASX:ELS) have fallen 67.57% over the past month of trading, with 21% of the decline coming just last week. It has been a torrid time for holders of ELS, with Friday’s close the lowest of 2026 so far. Financials Fail To Arrest Slide Elsight’s third-quarter result, released late last month came in at…
Silex Systems Make New Low, Down 50% in 10 Weeks
Silex Systems shares (ASX: SLX) have just put up another double decline for the week, as a 7.19% drop on Friday brought the cumulative pullback to 10.81%. After eight consecutive red weeks in the market that saw a 46% drop into Oct 23rd, the w/c 26th Oct was the sole green week in the past…
Silver Price Forecasts For 2027/28 Trimmed as Markets Shift
After a historic surge that carried silver prices to record highs early this year, the metal is now facing up to a shift in sentiment, with latest forecasts pointing to a potential multi-year correction that could see prices retreat toward the low $60s per ounce by 2027. Silver delivered a huge rally this year, with…
NextDC Shares Add 77% in a Week: Here’s What Happened
It has been a wild ride for followers of NextDC shares (ASX:NXT) in recent weeks, with a 77.17% gain over this past week bringing the stock back above A$10 at A$10.40. A dramatic piece of opportunistic buying has sparked one of the biggest reversals on the ASX in recent memory, with the NXT share price…
Copper Price Falls To Lowest Level In Months, Outlook Shifts
Copper prices fell to their lowest level since July this week, after a Democratic congressional sweep in the United States dismantled two of the metal’s most powerful near-term supports. With the prospect of aggressive import tariffs and uninterrupted AI infrastructure spending shifting, there are significant implications for all those connected to the metal. LME benchmark…
