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…
BHP Shares Gain as Dividends and Profit Slide Amid Growth Plans
Mining giant BHP (ASX:BHP) has announced a significant final dividend for its shareholders despite a slide in profits for the fiscal year 2024. The company will distribute a final dividend of $0.74 per share, which totals a generous payout of US$5.6 billion. When combined with previous distributions, the total dividends for FY2024 amount to $10.9…
ANZ Share Price Edges Up on Q3 Report
ANZ Group Holdings Ltd (ASX: ANZ) saw a slight uplift in its share price on Tuesday following the release of its third-quarter results. The share price rose 0.64% to $29.93, showcasing a positive reception from investors who appeared content with the bank’s latest performance metrics. During this quarter, ANZ demonstrated solid growth across a number…
ASX 200 Flirts With 8,000 Close, Continues Rally
The ASX 200 index flirted with a close above the 8,000 level today, hitting an intraday high of 8,025.20 before ending up 0.22% at 7997.70 and notching its eighth consecutive day of gains. This marked improvement was spearheaded by the robust performance of resources and technology companies. Leading the charge were gold and iron ore…
ATFX Launches MT5, Offering Enhanced Trading Experience for Global Users
ATFX, a leading global CFD broker, proudly announces the launch of MetaTrader 5 (MT5) platform. This milestone not only underscores ATFX’s unwavering commitment to continually upgrading its customer service quality but also marks a significant leap forward in the brand’s mission to create an exceptional trading environment for investors worldwide. Over the years, ATFX has…
VTM Shares Climb As Firm Pursues License for Rare Earth Project
Victory Metals shares (ASX:VTM) have gained more than 6.5% so far today, bringing weekly gains a little above 14%. With the 1 year appreciation in VTM now up to 75%, why are markets bullish on the stock? For one, the firm has taken a significant stride in its Australian operations by formally applying for a…
CSL Rated a Buy Post FY24 Results
Leading blood plasma and vaccine manufacturer CSL (ASX:CSL) has been tagged as a ‘buy’ by major brokerage firms following its financial outcomes for the fiscal year 2024 (FY24). The company, renowned for its growth trajectory, recently disclosed its revenue and earnings, alongside providing forward-looking guidance that stands to shape investor expectations. CSL reported a robust…
BHP Shares Up As Bonus Offer To Escondida Miners Reported
Shares of mining giant BHP Group Ltd (ASX: BHP) witnessed a slight upturn today, gaining 0.25% to close at $40.74 earlier threatened to break back above $41 (the intraday high). Markets are reacting today to the looming threat of a strike at the company’s significant Escondida copper mine in Chile with the firm offering a…
QBE Half-Year Profits Soar
QBE Insurance Group (ASX: QBE) has delivered a stunning financial performance in the first half of the year, doubling its profits compared to the previous year. The insurance heavyweight reported a substantial increase in earnings, rising to $US802 million from $US400 million in the previous corresponding period. This substantial growth is a clear indicator of…
