Fortescue Share Price Gains (ASX:FMG) – Firm Bolsters Sustainability by Electrifying Fleet
Fortescue’s share price (ASX:FMG) ended the day as a notable gainer on the ASX today, up 4.72% as the company tries to shift sentiment that has been bearish all year. With the stock having fallen 35.86% through 2024, leadership have made some changes. In a significant move towards sustainability and innovation in mining the company…
Australian CPI Eases, ASX Ends Lower
As Australian inflation rate records a deceleration, with August’s Consumer Price Index (CPI) easing to 2.7%, the local stock market experienced subdued movements. Despite a trend of record highs on Wall Street, the ASX 200 closed the trading day 0.19% lower on Wednesday at 8126.40 as the All Ords dipped 0.15%. The Australian Bureau of…
South32 Shares Gain As ASX Miners Have Strong Day
South32 shares (ASX: S32) gained 4.06% today as miners experienced a strong day on the ASX. The mining and metals company, is set to receive a significant boost from the United States Government, in the form of up to $US166 million ($243m). This financial support is earmarked for the development of a new manganese mine…
Healius Upgraded To Neutral at JPMorgan
In a notable turn of events, JPMorgan has recently upgraded Healius shares (ASX: HLS), a prominent player in the diagnostics and research sector, from ‘Underweight’ to a ‘Neutral’ rating, adjusting the price target to $1.65 from the earlier $1. This adjustment comes after Healius successfully garnered an “impressive” price for its imaging business, a strategic…
ATFX Enhances Global Trading Infrastructure Expanding Trading Server Hosting At Equinix Data Center in Hong Kong and London
ATFX, a leading global online trading platform, has announced completion of relocation of all MT Trading servers to Equinix Data Center in Hong Kong and OneZero Equinix Data Center in London, further enhancing its global trading infrastructure. This initiative aims to optimize services across China, Southeast Asia, Australia, MENA and LATAM ensuring that clients experience…
WiseTech Share Price Showing Bullish Trend
In a striking display of growth, WiseTech Global (ASX: WTC) shares have soared, nearly doubling over the past year (+95%) to an all-time high of $134.40. This impressive surge in share value has largely been attributed to the company’s strong financial performance and its strategic acquisitions, which have expanded its global footprint. WiseTech Global, primarily…
IAG’s Shares Delivering Strongly in 2024
Insurance Australia Group (ASX:IAG) has experienced an 39% uptick in stock price through the year so far, signalling a positive trend for the insurance giant. With such a significant increase, investors are closely examining the fundamentals to understand the drivers behind this momentum, but it is clear to see the reversal over the 5 year…
Deep Yellow Shares Turn Green YTD As Tumas Project Sentiment Builds
Deep Yellow shares (ASX:DYL) were a big gainer today on the ASX, with a 13.53% increase bringing total gains over the past 5 trading sessions up to 19.29%. This move brings DYL’s share price green through 2024, as the company recently reported a significant upgrade in their uranium resource estimates at the Tumas 1, 1…
ASX Lithium Stocks Surge Amid China Mining Constraints
The ASX 200, and the All Ords faced a slight decline on Wednesday, with dips of 0.3%, and 0.27%, primarily led by the banking and energy sectors. With ASX financials retreating 1.46%, and Energy losing 1.41%, it was left to Minerals (+1.67%) to lead the day in green, particularly in the lithium segment. This rally…
Qantas Prioritises Customer Satisfaction Amid Profit Dip
Qantas shares (ASX: QAN) gained 0.79% today, bringing YTD gains up to an impressive 19%. As the stock continues to close in on 52 week highs, Australia’s flagship airline reported a considerable drop in its net profits, citing various factors including reduced fares post-Covid. Despite the financial setback, the airline emphasised on its ongoing efforts…
