All Ords & ASX 200 In Touching Distance Of Highs
The ASX 200 kicked off the week on a strong note, as it closed 0.47% higher and moved back within touching distance of highs. The All Ords edged within 5 points of the record highs, gaining 0.45%, and signaling robust investor confidence across the leading Aussie indices. One of the big movers of the day…
IAG Announces Directorial Change
Insurance Australia Group Limited (ASX:IAG), a prominent player in the insurance industry, has announced a significant change in its boardroom dynamics. After serving the company, Jonathan Bryant Nicholson has ceased to be a director at Insurance Australia Group Limited at the end of last week. The departure of a director is always a significant event…
Megaport (ASX:MP1) Brings NaaS to Milan
Megaport shares (ASX: MP1) has given holders a bumpy ride in 2024, with gains of more than 60% through the first quarter of the year now firmly in the rear-view mirror. Where the first five months of the year brought significant gains to the stock, the last five has seen MP1’s price fall by 50%,…
Piedmont Lithium Shares (PLL) Continue Fightback From Recent Lows
Piedmont Lithium’s share price (ASX: PLL) gained an impressive 10.81% in trading today, as the stock continues to fight back against bearish sentiment that had seen 52 week lows of $0.10 set one month ago. Investors witnessed its value leap from $0.185 to $0.207 cents in late morning trade before settling at $0.20 for the…
TechnologyOne Shares (TNE) Hitting New 52 Wk Highs
Shares of Australian software company TechnologyOne (ASX: TNE) made a fightback in trading over the past two days, gaining 0.41% today, to add to the 1.4% gain on Wednesday. The dip to start the week followed an unfavourable analysis from global investment firm Goldman Sachs. The firm’s stance on TechnologyOne switched from a ‘Buy’ rating…
Rio Tinto Set to Bolster Lithium Capacity With Arcadium Acquisition
International mining conglomerate Rio Tinto (ASX:RIO) is poised to significantly enhance its lithium production capabilities through the acquisition of Arcadium Lithium (NYSE:ALTM), after reaching a definitive agreement. The ambitious move, valued at US$6.7 billion, will take the form of an all-cash transaction at US$5.85 per Arcadium share. This bid underlines Rio Tinto’s commitment to becoming…
HMC Capital Shares Hit 52 Week High As Goldman Initiate Coverage with a ‘Buy’
Goldman Sachs has just launched coverage on HMC Capital (ASX: HMC), stamping the alternative asset manager with a confident Buy rating and a price target of A$8.94. With HMC Capital’s shares having added an impressive 41.61% on a YTD basis, the endorsement adds an additional layer of confidence into an already bullish phase that has…
ATFX Announces Strategic Investment in Spark Systems to Enhance Institutional Offerings
ATFX is pleased to announce its strategic investment in Spark Systems, a next generation, institutional-grade eFX trading platform based in Singapore serving clients in Asia and globally. ATFX is entering into this partnership with Spark Systems via a Series C investment. Spark Systems investors include leading venture capital companies and also global banks including Citibank…
SiteMinder Shares (ASX: SDR) Threatening Highs As Rally Continues
Attention has been increasing in recent weeks on an Australian tech company that has been threatening multi year highs, and according to some, may be closing in on all time highs. SiteMinder’s share price (ASX: SDR) has experienced a significant uptick over the past month of trading, adding 1.14% today, to bring 1 month gains…
ASX 200 Hits Record Highs in Trading
In a show of strength, the ASX 200 Index (ASX: XJO) has added 0.7% to begin the week, and propelled itself into record territory, making an all-time high close of 8,269.8 points, having touched 8,285.70 in trading. This marks a significant milestone for the index, which has witnessed impressive growth of 17.58% over the past…
