AUS
NZ
UK
CA
USA
IND
Highlights
- ASX ends flat despite global tariff relief
- (ASX:WTC) jumps on major US acquisition
- Uranium stocks surge on US nuclear policy
The Australian sharemarket closed virtually flat on Monday, with the S&P/ASX 200 Index ticking up just 0.1 points to finish at 8361. Despite early optimism sparked by global developments, local sentiment remained cautious, keeping trading within a narrow range. The All Ordinaries index edged up by 2.1 points.
News that US President Donald Trump delayed a proposed 50 per cent tariff on EU imports until July provided some relief to global markets. Futures on the Nasdaq and S&P 500 gained 1 per cent in response. However, the muted reaction on the ASX highlighted local hesitation, particularly ahead of Wall Street’s Monday holiday.
A standout on the day was logistics software giant WiseTech Global (ASX:WTC), which surged 4.7 per cent to $104.75. The rally followed news of its largest acquisition to date — the $3.25 billion purchase of Texas-based supply chain platform e2open, reinforcing WiseTech’s global expansion narrative.
Meanwhile, uranium stocks extended last week’s upward momentum after the US administration signed an executive order to boost nuclear energy development. Notable gainers included Boss Energy (ASX:BOE), up 7.3 per cent to $4.27, Deep Yellow (ASX:DYL) rising 13.7 per cent to $1.42, and Paladin Energy (ASX:PDN), climbing 8.8 per cent to $6.28. The positive sentiment in the energy sector highlights growing interest in clean energy investments within the S&P ASX300 universe.
In contrast, utilities dragged on the broader index. Origin Energy (ASX:ORG) dropped 4.9 per cent to $10.51 following a guidance update, where the company indicated softer-than-expected earnings from its stakes in Australia Pacific LNG and Octopus Energy.
Agribusiness Elders (ASX:ELD) fell 6.7 per cent to $6.16 after half-year earnings came in below market expectations. Although profits more than doubled year-on-year, dry conditions weighed heavily on its outlook.
Gold producer Genesis Minerals (ASX:GMD) gained 2.1 per cent to $4.43 after announcing the $250 million acquisition of Laverton Gold Project from Focus Minerals (ASX:FML), which surged 86.67 per cent to 42¢.
Cinema and hospitality group EVT (ASX:EVT) added 2.1 per cent to $15.42 amid growing optimism for a strong rebound in cinema earnings. Meanwhile, Accent Group (ASX:AX1) slipped 1.6 per cent to $1.88 following the announcement of Chairman David Gordon’s retirement after 18 years.
As investors weigh ongoing tariff developments and earnings news, sectors like technology and uranium continue to show strength within the broader ASX dividend stocks landscape, offering key areas of focus across the ASX300.
