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JardenTarget revisedNeutral109d ago
Price targetAU$55.30from AU$58.75

What's the latest news on ASX:ASX?

ASX Says Total New Capital Quoted Falls in August

ASX (ASX:ASX) said that total new capital quoted in August was AU$3.99 billion, compared with AU$4.58 billion a year ago, according to a Friday Australian bourse filing.The total quoted market capitalization of entities de-listed was AU$9.99 billion, up from AU$8.36 billion a year earlier.The average daily number of trades of 3.1 million in August was up 22% from 2.6 million in the prior year, per the filing. The average daily value traded on-market of AU$7.93 billion was up 11% from AU$7.16 billion in the year-ago period.

ASX Launches Exchange-Traded Bond, Credit Index Futures

ASX (ASX:ASX) launched exchange-traded bond and credit index futures in collaboration with Bloomberg Indices, based on the Bloomberg AusBond Composite Index and Bloomberg AusBond Credit Index, according to a Monday statement.The contracts trade on ASX 24 and are cash settled against the relevant Bloomberg AusBond Index, the exchange operator said. They are meant for institutional investors and market participants seeking exchange-traded exposure to Australian bond and credit markets.They are designed to support multiple investment and risk management applications, including portfolio hedging, liquidity management, and cash equitization, ASX said.ASX's shares shed about 1% in recent Monday trade.

ASX Share Price Increase Likely Reflected Relief Over Expense Guidance Not Showing Further Deterioration, Jefferies Says

ASX's (ASX:ASX) 9% share price increase on Thursday following its fiscal 2026 earnings release likely reflected investor relief that the company's reaffirmed fiscal 2027 expense guidance did not show further deterioration, Jefferies said in a Friday note.The company's fiscal 2026 operating revenue improved over 13% to AU$1.25 billion, buoyed by its markets business where revenue grew nearly 19% due to a surge in interest rate futures and options volumes, the investment firm said.It added that ASX achieved a key operational benchmark with the successful launch of Chess Release 1 on April 20, delivering the core technology modernization milestone on schedule and within financial guidance. Management is targeting the primary build completion for Release 2 by the end of 2027.Jefferies maintained a hold rating on ASX, saying it prefers to wait until the company's incoming management outlines a new strategy, while raising the price target to AU$58 from AU$50.

Update: ASX Fiscal 2026 Underlying EPS, Revenue Up; Shares Up 7%

(Updates to add stock movement in the headline and the last paragraph)ASX (ASX:ASX) logged AU$2.758 in underlying EPS for fiscal 2026, compared with AU$2.629 a year ago, a Thursday filing showed.Analysts polled by FactSet expected AU$2.735.For the 12 months ended June 30, revenue was AU$1.27 billion versus AU$1.13 billion previously, the Australia-listed stock exchange operator added. Analysts surveyed by FactSet projected AU$1.25 billion.The company's board declared a final dividend of AU$1.047 per share, down from AU$1.121 a year earlier, payable Sept. 21 to shareholders of record as of Aug. 24.ASX reaffirmed its fiscal 2027 total expense growth guidance of 18% to 21%, and capital expenditure outlook of between AU$180 million and AU$200 million.The company's shares rose 7% in recent Thursday trade.

ASX Fiscal 2026 Underlying EPS, Revenue Up

ASX (ASX:ASX) logged AU$2.758 in underlying EPS for fiscal 2026, compared with AU$2.629 a year ago, a Thursday filing showed.Analysts polled by FactSet expected AU$2.735.For the 12 months ended June 30, revenue was AU$1.27 billion versus AU$1.13 billion previously, the Australia-listed stock exchange operator added. Analysts surveyed by FactSet projected AU$1.25 billion.The company's board declared a final dividend of AU$1.047 per share, down from AU$1.121 a year earlier, payable Sept. 21 to shareholders of record as of Aug. 24.ASX reaffirmed its fiscal 2027 total expense growth guidance of 18% to 21%, and capital expenditure outlook of between AU$180 million and AU$200 million.

ASX Shareholder Plans Legal Action Against Former Officers, Directors Over Chess Project

ASX (ASX:ASX) said shareholder Rosherville plans to file an application in Australia's Federal Court to launch a statutory derivative action against certain former officers and directors of the company, according to a Wednesday filing with the bourse.Rosherville, which would start proceedings on behalf of ASX, alleges that the former officers and directors breached certain duties in connection with the previous Chess modernization project, per the filing.The shareholder is not making any allegations against ASX, the company said.

ASX Reports Over AU$8 Billion of Net New Capital Quoted in July

ASX (ASX:ASX) reported AU$8.39 billion of net new capital quoted in July, up 27% from the prior corresponding period, according to a Thursday filing with the Australian bourse.The company reported a total cash market value of AU$180.81 billion for July, up 10% from a year earlier, with the total average daily value also rising 10% to AU$7.86 billion.In July, the average daily number of trades rose 32% from a year earlier to about 2.7 million, while the average daily value traded on-market jumped 12% to AU$6.65 billion.The number of entities listed on the exchange declined 2% year over year to 2,045 in July, per the filing.

ASIC Proposes Changes Allowing Firms on Australia's Public Market More Flexibility to Publicize IPOs

The Australian Securities and Investments Commission (ASIC) proposed changes extending its existing relief from Corporations Act restrictions, allowing firms listing on Australia's public market greater flexibility to publicize upcoming initial public offerings (IPO), according to a Tuesday statement from the regulator.The changes aim to modernize and simplify the pre-lodgment advertising framework for IPOs, following industry feedback received as part of ASIC's discussion paper on Australia's evolving capital markets.Under the proposal, companies may advertise unquoted securities as long as they identify the issuer and seller, ensure a prospectus is available upon listing, state when and where to access the prospectus, and direct investors to the disclosure document as the primary information source before making an investment decision.ASIC is seeking feedback on its proposal by Sept. 11.ASX (ASX:ASX) shares rose nearly 2% in morning trade Tuesday.

Australian Shares Fall; Cochlear Confirms US Duty-Free Access for Hearing Implant Systems

Australian shares declined on Friday, as concerns over inflation rose after oil prices jumped above the $100-mark.The S&P/ASX 200 Index declined 0.75%, or by 66.70 points, to close at 8,772.30.Overnight, the Nasdaq Composite index on Wall Street fell 2.2%, the S&P 500 retreated 1.2%, and the Dow Jones declined 1%.Brent crude oil futures were trading over $100 per barrel, after jumping 7% overnight to a two-month high of $102 per barrel. The Iran-aligned Houthis struck Saudi Arabian tankers in the Red Sea even as shipping remains constricted in the Straits of Hormuz.US President Donald Trump threatened to escalate the conflict with Iran after the attacks in the Red Sea. The US administration is also said to intend to impose higher tariffs on 60 trading partners.On the domestic front, Australia's private sector expanded at its fastest pace in 2026 in July as new business returned to growth after four months; however, business confidence remained subdued despite easing cost pressures, according to a S&P Global survey. The Flash Australia PMI Composite Output Index rose to 52.6 in July from 50.4 in June, marking its highest level since the start of the year and indicating a second consecutive month of private sector growth.The Reserve Bank of Australia (RBA) is anticipated to hold interest rates steady at 4.35% in 2026 amid a slowing activity backdrop, despite elevated inflation risks, before beginning to cut rates from mid-2027, National Australia Bank (ASX:NAB) said.In company news, Cochlear (ASX:COH) said its hearing implant systems will continue to be imported into the US duty-free after the US Government's final Section 301 investigation findings retained the tariff classification covering duty-free entry for hearing implants.Newmont (ASX:NEM) reported second quarter adjusted net income of $2.10 per share, up from $1.43 a year earlier. Revenue for the three months ended June 30 was $6.12 billion, compared with $5.32 billion a year earlier.Lastly, ASX (ASX:ASX) said Chief Financial Officer Andrew Tobin informed the group of his intention to retire.

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ASX CFO to Retire

ASX (ASX:ASX) said Chief Financial Officer Andrew Tobin has informed the group of his intention to retire, according to a Friday Australian bourse filing.Anthony Attia, who will begin his role as chief executive on Sept. 1, will lead the appointment process for the next CFO, the filing added.

ASX Posts 45% Jump in New Listings in Fiscal 2026, IPO Capital Raised Remains Flat

ASX (ASX:ASX) said a total of 100 new entities were listed in fiscal 2026, up 45% on fiscal 2025, with new listings adding AU$32.6 billion in quoted market capitalization, up 86% on the prior year, according to a Thursday report by the stock exchange.ASX said total net new capital quoted was AU$37.1 billion, compared with AU$35.6 billion in fiscal 2025, with initial public offering (IPO) capital raised totaling AU$5.6 billion, flat on last year but above the five-year average of AU$4.9 billion.The top three IPOs by capital raised were HMC Digital Infrastructure (ASX:DGT) at AU$1.99 billion, GemLife Group (ASX:GLF) at AU$750 million, and Virgin Australia Holdings (ASX:VGN) at AU$685 million, ASX added.The exchange operator's shares rose 2% in recent Thursday trade.

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ASX Says Total New Capital Quoted Falls in June

ASX (ASX:ASX) said that total new capital quoted in June was AU$3.35 billion, compared with AU$11 billion a year ago, according to a Monday Australian bourse filing.The total quoted market capitalization of entities delisted was AU$1.4 billion, compared with AU$172 million a year ago.The average daily number of trades of 3.2 million in June was up 47% from 2.2 million in the prior year, per the filing. The average daily value traded on-market of AU$8.41 billion was up 19% from AU$7.07 billion in the year-ago period.

Australian Shares Rise; Australia's Federal Court Approves ASX's AU$20.5 Million Settlement in Misleading Disclosure Case

Australian shares closed higher on Friday with investors now expecting the US Federal Reserve to keep interest rates steady after softer US jobs data.The S&P/ASX 200 Index rose 1.37%, or 119.80 points, to close at 8,844.30.On Thursday, the Dow Jones Industrial Average rose 1.1%, to set another record, reaching a fourth straight week of gains. Meanwhile, the S&P 500 was flat. The US nonfarm payrolls report showed the economy added 57,000 jobs in June, below the estimates for a rise of 110,000.Gold rose by over 1% to around $4,200 per ounce.On the domestic front, Australia's seasonally adjusted S&P Global Services purchasing managers' index (PMI) business activity index rose to 50.5 in June from 48.7 in May, signaling a marginal increase in business activity following a contraction in the previous month, according to a report by S&P Global.In company news, ASX (ASX:ASX) is set to pay a pecuniary penalty of AU$20.5 million for misleading disclosures in February 2022 over the progress of a technology upgrade project, Australia's Federal Court ruled. The case, brought by the Australian Securities and Investments Commission, centered on a claim by ASX that its CHESS Replacement Project was progressing well, even though the project was facing delays.Suncorp Group (ASX:SUN) placed its main catastrophe program for the fiscal year 2027, which maintains the maximum event retention of AU$350 million for a first and second large event, covering the home, motor, and commercial property portfolios across Australia and New Zealand. The firm's total reinsurance costs in fiscal year 2027 are expected to be higher than in fiscal year 2026.Genesis Minerals (ASX:GMD) reported gold production of 70,767 ounces for the June quarter, bringing fiscal year 2026 production to 285,400 ounces. The company said both production and all-in sustaining costs are within its fiscal year guidance range of 260,000 to 290,000 ounces at AU$2,500 to AU$2,700 per ounce.

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Update: Australia's Federal Court Approves ASX's AU$20.5 Million Settlement in Misleading Disclosure Case

(Updates to add ASX's comment in the fourth and fifth paragraphs)ASX (ASX:ASX) is set to pay a pecuniary penalty of AU$20.5 million for misleading disclosures in February 2022 over the progress of a technology upgrade project, Australia's Federal Court ruled on Friday.The case, brought by the Australian Securities and Investments Commission (ASIC), centered on a claim by ASX that its CHESS Replacement Project was progressing well, even though the project was facing delays, according to the court's judgment filing.The company disclosed a settlement with the ASIC in June, agreeing to contribute AU$3 million to the regulator's legal costs in addition to the penalty.ASX accepted the court's findings and recognized the seriousness of the matter while noting that the judgment records that ASIC accepted that ASX did not deliberately intend to mislead the market, a spokesperson for the bourse operator said in a statement in response to a request for comment from."Since resetting the project, ASX has made significant changes to strengthen communication, improve delivery oversight and provide dedicated forums for stakeholder engagement and input," the spokesperson said.The company's shares fell 2% in recent Friday trade.

Australia's Federal Court Approves ASX's AU$20.5 Million Settlement in Misleading Disclosure Case

ASX (ASX:ASX) is set to pay a pecuniary penalty of AU$20.5 million for misleading disclosures in February 2022 over the progress of a technology upgrade project, Australia's Federal Court ruled on Friday.The case, brought by the Australian Securities and Investments Commission (ASIC), centered on a claim by ASX that its CHESS Replacement Project was progressing well, even though the project was facing delays, according to the court's judgment filing.The company disclosed a settlement with the ASIC in June, agreeing to contribute AU$3 million to the regulator's legal costs in addition to the penalty.ASX did not immediately reply to a request for comment fromon the court's endorsement of the settlement.The company's shares fell 2% in recent Friday trade.

ASX Hits Record Number of ETF Listings in Fiscal Year 2026

ASX (ASX:ASX) reached a record number of exchange-traded fund (ETF) listings in the fiscal year 2026, with 72 ETFs added, according to a statement on Thursday.There were 50 ETF listings last year, the statement said.The result indicates sustained growth in issuer activity and investor demand, supported by uptake from retail investors.The ETF market currently holds over AU$350 billion in assets across 458 products listed on ASX, and has seen more than AU$50 billion in inflows in the full fiscal year, per the statement.Shares fell 1% in morning trade on Thursday.

ASX Gets Regulatory Nods for Revised Transformation Plan

ASX (ASX:ASX) said Wednesday the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) have agreed to the company's revised transformation plan to address governance and other shortcomings flagged by an ASIC inquiry.This revised plan includes a redesign of workstreams, delivery approach, and target outcomes centered on five core enterprise priorities, including culture and leadership, risk transformation, operational resilience, resource sufficiency, and governance."The reset gives us a clearer definition of success, links our activities directly to measurable outcomes and ensures the program sets the right ambition for ASX while also being aligned with regulatory expectations," said ASX Interim CEO Darren Yip.The company is starting to implement the revised plan and has engaged consulting firm Promontory to assist with the process, it said.

ASX Launches ASX Listed Entity Supervision Report

ASX (ASX:ASX) launched its inaugural ASX Listed Entity Supervision Report, focusing on market integrity and disclosure practices, according to a statement on Friday.ASX will focus on actions aimed at "ramping" a company's share price by misusing the market announcements platform and mining company disclosures, and review private credit investment disclosures by newly admitted entities and key shareholder approval rules, the statement said.Additionally, ASX expanded its market education program, per the statement.

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.

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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.

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