Stocks

Commonwealth Bank Shares Rise 1% Following Divestment Announcement

January 28, 2025 02:18 PM AEDT| By Team Kalkine Media

Highlights,Commonwealth Bank of Australia (CBA) shares gain 1% to AU$159.95 on Tuesday after announcing the sale of its 5.45% stake in Bank of Hangzhou (HZB).,The sale to New China Life Insurance Co. (NCI) is expected to generate AU$940 million in gr...

Sigma Healthcare Shares Surge 10% Amid Strong Merger Partner Performance

January 28, 2025 02:16 PM AEDT| By Team Kalkine Media

Highlights,Sigma Healthcare shares rise 10.2% to AU$2.975, marking their highest level since January 14, as merger news boosts investor confidence.,Chemist Warehouse, SIG's merger partner, reports 13% growth in retail sales, with record 10.3% like-fo...

AI-Focused Stocks Hit Multi-Week Lows After Chinese Startup DeepSeek Raises Concerns

January 28, 2025 02:13 PM AEDT| By Team Kalkine Media

Highlights,AI-focused stocks in Australia fall to multi-week lows following a sharp drop in tech stocks on Wall Street triggered by concerns over DeepSeek’s low-cost AI model.,Goodman Group leads the decline with an 8.1% drop, marking its lowest poin...

Strategic Realignment for Highfield Resources (ASX:HFR) as Muga Potash Project Advances

January 28, 2025 01:54 PM AEDT| By Team Kalkine Media

Highlights,Financing amendments are intended to align with the revised development schedule of the Muga Potash Project in northern Spain.,The approach involves restructuring a finance facility and raising capital through a share purchase plan to supp...

Chinese AI Shake-Up: Global Tech Sector Faces Market Upheaval

January 28, 2025 01:46 PM AEDT| By Team Kalkine Media

Highlight,A newly introduced low-cost AI platform from Chinese startup,DeepSeek,has triggered global market volatility.,Semiconductor leader Nvidia (,NASDAQ:NVDA,) experienced a steep share decline as investors reconsidered demand for high-performanc...

Maximizing Clarity on Compensation for Inadequate Financial Advice: A Comprehensive Tax Analysis

January 28, 2025 01:39 PM AEDT| By Team Kalkine Media

Highlights,Certain compensation payments stemming from flawed financial advice are potentially subject to tax, depending on the nature and timing of the settlement.,Different components—capital proceeds, adviser fee refunds, or interest—can attract d...

Record-Breaking Gold Intersections Drive Momentum at Mandilla: Astral Resources (ASX:AAR) Advances Theia Deposit

January 28, 2025 01:36 PM AEDT| By Team Kalkine Media

Highlight,Drilling at Theia yields an unprecedented 1,079 gram-metres in a single hole,Strong correlation with existing mineralization models underpins upcoming resource update,Ongoing diamond and,aircore,programs at,Feysville,aim to uncover new stru...

Major Boost for International Graphite (ASX:IG6) with $2 Million Financing from Western Australian Government

January 28, 2025 01:34 PM AEDT| By Team Kalkine Media

Highlight,Funding allocation of $2 million forms part of a larger $6.5 million grant dedicated to feasibility studies,Collie-based facility projected to become a key hub for battery anode materials,Springdale Graphite Project resource,anticipated,to...

Arovella Therapeutics (ASX:ALA) Surges with 71% CAGR in Three Years, Rising 11% This Week

January 28, 2025 01:31 PM AEDT| By Team Kalkine Media

Arovella Therapeutics (ASX:ALA) has provided its shareholders with an impressive compound annual growth rate (CAGR) of 71% over the past three years, with an 11% increase in the last week alone.

Promising ASX Penny Stocks to Consider in January 2025

January 28, 2025 01:31 PM AEDT| By Team Kalkine Media

The ASX 200’s recent gain of 37.9 points serves as a testament to the broader market's ability to weather fluctuations, particularly those originating from overseas tech sell-offs.

Radiopharmaceutical Expansion Sparks Telix Pharmaceuticals (ASX:TLX) Momentum

January 28, 2025 12:52 PM AEDT| By Team Kalkine Media

Highlights:,Acquisition of RLS,Radiopharmacies,bolsters commercial infrastructure and distribution in the US,Telix,Pharmaceuticals (,ASX:TLX,) records over +150% year-on-year returns amid broader biotech rally,Radiopharmaceutical advancements support...

Fortescue Metals Advances with Red Hawk Mining Acquisition Amidst Iron Ore Market Intrigue

January 28, 2025 12:48 PM AEDT| By Team Kalkine Media

Highlights:,Fortescue Metals (ASX:FMG) has outlined plans to acquire Red Hawk Mining (ASX:RHK) for between $1.05 and $1.20 per share,Red Hawk’s share price has climbed over 45%, driven by market enthusiasm for the deal,The Blacksmith Iron Ore Project...

Strategic Antimony Acquisition Sparks Significant Interest for EV Resources

January 28, 2025 12:46 PM AEDT| By Team Kalkine Media

Highlights,70% interest in a joint venture targeting the Los Lirios antimony mine in Mexico,Historical sampling at Los Lirios includes high-grade antimony with potential for direct shipping ore,Multiple open pits and underground workings provide oppo...

Expanding Northern Territory Rare Earth Horizons: Desoto Resources (ASX:DES) Uncovers Substantial Mineralisation

January 28, 2025 12:40 PM AEDT| By Team Kalkine Media

Highlight,Re-assaying confirms significant total rare earth oxides (TREO) and phosphorus pentoxide (P2O5) mineralisation,New evidence,indicates,a complex system potentially spanning more than six kilometres,2025 drill program fully,permitted,to inves...

Significant Extensions at Hemi Gold Project Underscore De Grey Mining’s High-Grade Potential

January 28, 2025 12:38 PM AEDT| By Team Kalkine Media

Highlights:,Definitive feasibility study drilling reveals strong widths and high grades beneath the Eagle pit design,Mineralisation extends for over 1 kilometre down plunge at Eagle,,remaining,open at depth and along strike,Infill drilling confirms p...