4DS Memory, ASX Ltd, Betr, and Northern Star Face Pressure on ASX 200 and All Ordinaries

June 16, 2025 02:35 PM AEST | By Team Kalkine Media

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4DS Memory, ASX Ltd, Betr, and Northern Star Face Pressure on ASX 200 and All Ordinaries — Image source: shutterstock

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Highlights

4DS Memory (ASX:4DS) shares decline following semiconductor platform update

ASX Ltd (ASX:ASX) experiences drop amid regulatory developments

Betr and Northern Star Resources (ASX:NST) move lower in contrast to market direction

The S&P/ASX 200 Index and the All Ordinaries were positioned for a modest rise early in the week. However, select companies across the technology, financial services, betting, and mining sectors showed marked downward movements. Among them were 4DS Memory Ltd (ASX:4DS), ASX Ltd (ASX:ASX), Betr Entertainment Ltd (BBT), and Northern Star Resources Ltd (ASX:NST), each reflecting distinct sector developments.

Semiconductor Sector: 4DS Memory Ltd (ASX:4DS)

4DS Memory operates in the semiconductor sector with a focus on advanced memory technology. The company reported updates related to its Sixth Platform Lot, a batch intended to showcase its memory wafer innovation. Recent findings indicated that process adjustments made to enhance wafer performance did not align with intended electrical outcomes. The data surrounding wafer functionality has not matched the technical benchmarks. This update has coincided with downward price activity for the stock, diverging from the broader All Ordinaries movement.

Financial Infrastructure: ASX Ltd (ASX:ASX)

ASX Ltd is part of the financial services infrastructure space and is listed on the ASX 50 Index and ASX 100 Index. The company came into focus following notification from the Australian Securities and Investments Commission (ASIC). ASIC disclosed that a compliance assessment and inquiry is being initiated to examine obligations under key provisions of the Corporations Act, applicable to the ASX’s operational and settlement services. ASX acknowledged the inquiry and stated full cooperation with regulatory proceedings. Market reaction reflected the seriousness of regulatory scrutiny.

Betting Sector: Betr Entertainment Ltd (BBT)

Betr Entertainment is part of Australia’s digital betting and gaming ecosystem. The share movement followed an announcement that Pointsbet Holdings Ltd (ASX:PBH) has opted not to engage with Betr’s proposal. Instead, Pointsbet is advancing a separate arrangement with MIXI Australia. Public statements from Pointsbet emphasized confidence in the comparative structure of the MIXI Australia proposal. The decision led to attention on Betr's position in the competitive wagering landscape, with market sentiment adjusting accordingly.

Mining Sector: Northern Star Resources Ltd (ASX:NST)

Northern Star Resources operates within the mining sector and is a constituent of both the ASX 100 and ASX 200. The recent decline in the stock was seen across multiple gold mining companies. The movement follows activity from the previous trading session that had seen a broad uplift in gold-linked equities. Monday’s reversal impacted several mining names including Northern Star, which also forms part of the All Ordinaries. Broader sector indices aligned with this shift.

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