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Asia

ASX Preview: Australian Shares Set to Rise After US-Iran Peace Deal; Atlas Arteria Says IFM Global Unit Raises Takeover Offer

Australian shares are poised to rise on Monday after US and Iranian officials agreed to a peace framework to end their conflict and reopen the Strait of Hormuz, triggering a sharp drop in oil prices and lifting global risk sentiment.On June 12, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.5%, 0.3%, and 0.7%, respectively.In the macroeconomy, investors are eyeing the Reserve Bank of Australia's interest rate decision on Tuesday.In corporate news, Atlas Arteria (ASX:ALX) said IFM Global Infrastructure Fund subsidiary Diamond Infraco 1 has increased its takeover offer to AU$5.10 per security from AU$4.75 and declared it "best and final."ASX (ASX:ASX) has settled Federal Court proceedings with the Australian Securities and Investments Commission (ASIC) over misleading 2022 statements about its Chess replacement project, admitting a breach of the ASIC Act and agreeing to pay AU$20.5 million in penalties plus AU$3 million in legal costs, subject to court approval.Telstra Group (ASX:TLS) is in focus as investors weigh its outlook after SpaceX's June 12 listing.Australia's benchmark index rose nearly 2% or 170.8 points to close at 8,804 on June 12.

ASX 200ASX:ALXASX:ASXASX:TLS
Asia

ASX Admits Breach in ASIC Settlement Over Chess Project Disclosures

ASX (ASX:ASX) settled Federal Court proceedings with Australian Securities and Investments Commission (ASIC) over misleading 2022 statements about its Chess replacement project, admitting a breach of the ASIC Act, according to a Monday filing with the Australian bourse.The exchange operator agreed to pay AU$20.5 million in penalties plus AU$3 million in legal costs, subject to court approval.ASIC commenced civil penalty proceedings in August 2024, alleging that ASX made misleading or deceptive statements to the market in 2022 regarding the Chess replacement project, including claims that it was "progressing well," "tracking to the Published Plan," and "tracking to Go-Live in April 2023," per the filing.The settlement resolves the matter, and the parties will no longer proceed to trial, the filing added. ASX will recognize the penalty and legal costs as "significant" fiscal 2026 items impacting statutory earnings.

ASX:ASX
Asia

ASX Says Total New Capital Quoted Falls 48% in May

ASX (ASX:ASX) said that total new capital quoted in May was AU$3.51 billion, plunging 48% from AU$6.81 billion a year ago, according to a Thursday Australian bourse filing.The total quoted market capitalization of entities de-listed was AU$5.49 billion, compared with AU$7.71 billion a year ago.The average daily number of trades of 2.8 million in May was up 37% from 2.1 million in the prior year, per the filing. The average daily value traded on-market of AU$7.49 billion was up 15% from AU$6.51 billion in the year-ago period.

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Asia

Jarden Adjusts ASX Limited's Price Target to AU$55.30 from AU$58.75, Keeps at Neutral

ASX (ASX:ASX) has an average rating of hold and mean price target of AU$54.94, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

ASX:ASX
Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Tuesday.ASX (ASX:ASX): -12%, AU$51.51Elevra (ASX:ELV): -7%, AU$12.75PEXA Group (ASX:PXA): -7%, AU$10.67Infratil (ASX:IFT): -5%, AU$12.29Yancoal Australia (ASX:YAL): -4%, AU$6.69Telix Pharmaceuticals (ASX:TLX): -4%, AU$12.82Challenger (ASX:CGF): -4%, AU$8.89Whitehaven Coal (ASX:WHC): -4%, AU$8.51Netwealth Group (ASX:NWL): -3%, AU$21.69Paladin Energy (ASX:PDN): -3%, AU$11.13

ASX 200ASX:ASXASX:CGFASX:ELVASX:IFTASX:NWLASX:PDNASX:PXAASX:TLXASX:WHCASX:YAL
Asia

ASX Issues Fiscal Year 2027 Expense Growth Guidance, Raises Capex Outlook; Shares Fall 12%

ASX (ASX:ASX) said it expects fiscal year 2027 expenses to grow between 18% and 21% from fiscal year 2026, while operating expenses excluding depreciation and amortization are forecast to rise 13% to 16%, according to a Tuesday filing with the Australian bourse.The company said the forecast for higher expenses is mainly driven by technology modernization, and changes it is making in response to an inquiry by the Australian Securities and Investments Commission that flagged certain governance and risk management failures.ASX increased its fiscal year 2027 capital expenditure guidance to between AU$180 million and AU$200 million from a previous range of AU$160 million to AU$180 million, primarily driven by technology cost inflation and new product development. The company also disclosed fiscal year 2028 capital expenditure guidance of between AU$170 million and AU$190 million.Additionally, ASX adjusted its medium-term target range for underlying return on equity to between 12% and 14% from a previous target of 12.5% to 14%. The company kept its dividend policy intact with a payout ratio range of 75% to 85% of underlying net profit after tax.Meanwhile, the stock exchange operator struck a deal to sell its 49% stake in Sympli to its joint venture partner, ATI Group, for a nominal amount. The sale will result in an after-tax loss of about AU$12 million in fiscal year 2026.ASX shares fell 12% in recent Tuesday trade.

ASX:ASX
Asia

ASX Midday Sector Update: Financials Stocks Gain, Consumer Staples Down

Financials stocks led gainers with a rise of about 0.1% in midday trading Thursday.ASX (ASX:ASX) advanced nearly 2% after it appointed Anthony Attia as chief executive, effective Sept. 1.On the flip side, consumer staples stocks shed 2.3% to lead decliners in a broadly lower market.Coles Group (ASX:COL) fell past 3% after Australia's Federal Court ruled that the retailer deceived shoppers by advertising discounts on products that, in many cases, were being sold at higher prices.

ASX 200ASX:ASXASX:COL
Asia

ASX Appoints CEO

ASX (ASX:ASX) appointed Anthony Attia as chief executive, effective Sept. 1, according to a Thursday Australian bourse filing.Attia will succeed current CEO Helen Lofthouse, who will depart on May 29, the filing said.Darren Yip has been appointed interim CEO and will assist with the transition to Attia later this year, the filing added.

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Asia

ASX Says Total New Capital Quoted Soared in April

ASX (ASX:ASX) said that total new capital quoted in April was AU$7.1 billion, compared with AU$2.14 billion a year ago, according to a Tuesday Australian bourse filing.The total quoted market capitalization of entities de-listed was AU$4.44 billion, increasing 44% from AU$286 million a year ago.The average daily number of trades of 2.8 million in April was up 16% from 2.4 million in the prior year, per the filing. The average daily value traded on-market of AU$7.52 billion was up 1% from AU$7.47 billion in the year-ago period.

ASX:ASX
Asia

Australian Shares Extend Losing Streak; Woolworths Group Reports Higher Fiscal Q3 Sales

Australian shares extended their losing streak for the eighth consecutive day on Thursday's close as the US continued its naval blockade of Iranian ports.The S&P/ASX 200 Index retreated 0.24%, or by 21.20 points, to close at 8,665.80.Brent crude oil futures jumped 5.2% to $124.15 per barrel. The Strait of Hormuz remained closed, as US President Donald Trump is reported to be considering military options as the deadlock in negotiations with Iran continues, according to an Axios report as cited by Reuters.On the domestic front, Australia's export prices rose 0.5% in the March quarter after a 3.2% increase in the December 2025 quarter, while import prices rose 0.1% after a 0.9% increase in the previous quarter, data from the Australian Bureau of Statistics showed.Australia's total credit rose 0.7% month on month in March, following a 0.6% increase in February, data from the Reserve Bank of Australia showed.Small businesses in Australia had a firm start to the year, with the March quarter recording a 7.2% jump in sales, though higher fuel prices amid the Middle East conflict present a key risk, Xero said. Sales, jobs, and wages all grew during the quarter, nearly reaching their historical average growth rates.In company news, Woolworths Group (ASX:WOW) reported fiscal third-quarter sales of about AU$18.1 billion, up 4.5% from AU$17.31 billion in the year-ago period. Reported fiscal 2026 Australian food earnings before interest and taxes growth is still expected to be in the mid to high single-digit range, but no longer at the upper end of the range. Its shares fell 7% at market close.Mineral Resources' (ASX:MIN) fiscal third-quarter production volume reached 80 million wet metric tonnes (wmt), up from 62 million wmt a year earlier. Total iron ore production for the three months ended March 31 across Onslow Iron and the Pilbara Hub was 10.3 million wmt, with shipments totaling 9.3 million wmt. Its shares closed up 2%.Lastly, ASX (ASX:ASX) appointed Darren Yip, group executive of markets and listings, as interim chief executive, succeeding Helen Lofthouse, effective May 29. Its shares also closed up 2%.

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Asia

Market Chatter: ASX's Equity Post-Trade Pricing Model Changes May Increase Revenue, UBS Says

Changes to ASX's (ASX:ASX) equity post-trade pricing model might raise revenues even if turnover moderates, according to UBS analyst Kieren Chidgey, the Australian Financial Review reported Thursday.Chidgey increased earnings forecasts by around 6% across fiscal year 2027 and fiscal year 2028. He expects futures revenue to exceed market forecasts by 10% to 11% over these years.UBS upgraded its recommendation to buy and raised the price target to AU$65.20 per share.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:ASX
Asia

ASX Appoints Interim CEO

ASX (ASX:ASX) appointed Darren Yip, group executive of markets and listings, as interim chief executive, succeeding Helen Lofthouse, effective May 29, according to a Thursday filing with the Australian bourse.Yip will lead the company on an interim basis while the board continues its search for a permanent CEO, the filing added.

ASX:ASX
Asia

ASX Confirms Successful Launch of Chess Release 1 Clearing Platform

ASX (ASX:ASX) successfully launched Release 1 of its Chess modernization project, enabling clearing services on a new platform designed for greater resilience, scalability, and higher trading volumes, according to a Monday filing with the Australian bourse.All approved market operators are successfully connected ahead of the market open, and the system is being closely monitored throughout trading, settlement, and end-of-day processing, with contingency plans ready in case any issues arise, the filing said.The estimated cost for Chess Release 1 remains within the previously stated budget of around AU$125 million, the filing said. Release 2, which will introduce settlement and sub-register services, is currently being prepared, with industry testing in progress and is scheduled for delivery in 2029.

ASX:ASX
Asia

ASX Credit Rating Downgraded by S&P Global

ASX (ASX:ASX) said S&P Global Ratings has downgraded the company's long-term issuer credit rating to A+ from AA-, with a stable outlook, according to a Thursday filing with the Australian bourse.The Australian Securities and Investments Commission's (ASIC) final report on an inquiry into risk management deficiencies at the exchange operator contributed to the downgrade, the company said.In its own statement, the ratings agency said the persistent operational failures flagged by the regulator will take several years and significant investment to resolve. However, it added that ASX is expected to show continued strong revenue growth as most of its businesses are still benefiting from market movements.ASX reaffirmed its commitment to addressing the issues highlighted by the ASIC, adding that the downgrade does not impact its capital, liquidity or funding position.

ASX:ASX