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…
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….
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…
ASX 200 Hits New High as Energy and Materials Sectors Lead
The Australian stock market continues its strong performance, with the S&P/ASX 200 (XJO) hitting a new high at 8,639.10 early in the session, driven primarily by strong gains in the energy and materials sectors. The index closed marginally higher on the day, up 0.057% at 8,592.10 as the attempt to hold 8,600 fell flat through…
Lynas Rare Earths Shares Pull Back From Highs as US-China Talks Progress
Lynas Rare Earths shares (ASX: LYC) closed at $8.60 today, a significant 8.22% drop that has seen the break above $9 halted with the ever-present influence of China on the global rare earths market casting a shadow. This decline follows a period of upward momentum that saw the stock reach a two-year high above $9 ($9.42), fuelled…
