Stocks

ASX Experiences Flat Trading as Mining Stocks Surge; Premier Investments Faces Challenges
September 25, 2024 05:16 PM AEST| By Team Kalkine MediaIn a notable shift within the Australian stock market, the S&P/ASX 200 Index remains relatively unchanged at 8140.6 points this afternoon. This stability comes amidst a significant rotation from banking stocks to mining equities, a trend initiated by...

Rightmove Rejects REA Group's Third Takeover Offer and What This Means for Investors
September 25, 2024 05:11 PM AEST| By Team Kalkine MediaIn a significant development within the real estate sector, REA Group (ASX: REA) announced after market hours that its third takeover bid for the London-listed property portal Rightmove (LSE: RMV) has been rejected. This rejection comes amidst ongoin...

ASX Experiences Rotation as Mining Stocks Surge While Banks Retreat
September 25, 2024 05:04 PM AEST| By Team Kalkine MediaOn Wednesday, the ASX showcased a modest decline, with the benchmark S&P/ASX 200 Index slipping by 15 points, or 0.2%, to close at 8126.4. Beneath this surface movement, a significant rotation from banking stocks into mining shares was taking place,...

Resmed CDI and Netwealth Group Ltd (ASX:NWL) Shares to Monitor
September 25, 2024 04:40 PM AEST| By Team Kalkine MediaThe share price of ResMed CDI has experienced a remarkable rise of 40.8% since the beginning of 2024, highlighting the company’s strong position in the medical equipment sector. In contrast, Netwealth Group Ltd is currently trading approximately 104....

Astral Resources (ASX: AAR) Poised for Growth with Exciting Gold Projects
September 25, 2024 03:29 PM AEST| By Team Kalkine MediaAstral Resources (ASX: AAR) is anticipating positive developments from its “icing on the cake” project, Feysville, situated in the Kalgoorlie-Kambalda area, which has been bustling with mergers and acquisitions (M&A) activity. Over the next few weeks...

Star Minerals Expands into Prominent Uranium Territory
September 25, 2024 03:21 PM AEST| By Team Kalkine MediaStar Minerals,(ASX: SMS),is making strides in its pursuit of resource expansion following the recent announcement of a farm-in and joint venture to acquire up to 51% of a significant uranium project from a Canadian-listed company. With an existing re...

Effective Portfolio Diversification Strategies: Insights from CME Group
September 25, 2024 03:11 PM AEST| By Team Kalkine MediaDiversifying a portfolio is crucial for managing risk and enhancing potential returns. According to Charu Chanana, Head of FX Strategy at CME Group (NASDAQ: CME), investors can implement a number of strategic steps to ensure their portfolios remain d...

Goodman Group (ASX:GMG) CEO Greg Goodman Sells Shares: What Does It Mean for Investors?
September 25, 2024 02:45 PM AEST| By Team Kalkine MediaGreg Goodman, the CEO of Goodman Group (ASX:GMG), Australia’s largest property business, has recently executed a substantial divestiture of shares in the company. Such insider selling often raises eyebrows among investors, as it can signal potential...

Exploring the Shareholder Composition of APA Group (ASX:APA): Insights into Individual and Institutional Ownership
September 25, 2024 02:42 PM AEST| By Team Kalkine MediaAn analysis of the shareholder composition of APA Group (ASX:APA) reveals intriguing insights into the company's ownership dynamics. The most significant group of shareholders is individual investors, who collectively own 56% of the company’s stock....

Macquarie Bank (ASX:MQG) Fined AU$4.995mn for Market Integrity Breach
September 25, 2024 02:40 PM AEST| By Team Kalkine MediaThe Australian Securities and Investments Commission (ASIC) has imposed a record fine of AU$4.995 million on Macquarie Bank (ASX:MQG) for serious breaches of market integrity. The financial institution was penalized for failing to prevent suspicious...

Metcash (ASX:MTS) Experiences Stagnation in Returns
September 25, 2024 02:38 PM AEST| By Team Kalkine MediaHighlights,Metcash (ASX:MTS) shows stable ROCE of 16%, indicating effective capital reinvestment despite an 87% capital increase over five years.,The company's current liabilities to total assets ratio at 50% signals a high reliance on short-term cre...

Why are Premier Investments’ (ASX:PMV) shares falling today?
September 25, 2024 01:27 PM AEST| By Team Kalkine MediaShares of Premier Investments Limited (ASX:PMV) are experiencing a notable decline, dropping over 7% to AU$31.19 during early trading on Wednesday. This downturn follows the release of the retailer’s full-year financial results, which revealed challe...

Australian Gold Stocks Surge as Prices Hit Record High Amid Global Tensions
September 25, 2024 01:24 PM AEST| By Team Kalkine MediaThe Australian gold stocks sub-index (INDEXASX: XGD) experienced a notable surge, jumping as much as 2.6% to reach its highest level since early November 2020. This upward trend in gold stocks comes on the heels of a 1% rise in gold prices overnight,...

Fortescue (ASX:FMG) Partners with Liebherr to Launch Major Zero-Emission Mining Fleet
September 25, 2024 01:22 PM AEST| By Team Kalkine MediaShares of Fortescue Metals Group (ASX:FMG) rose as much as 3.7%, reaching AU$18.66 on 25 September 2024, marking its highest level since August 30. This increase represents the stock's largest intraday percentage gain since September 13, and if the c...

Australian Mining Stocks Surge on Iron Ore and Copper Price Rally
September 25, 2024 01:20 PM AEST| By Team Kalkine MediaThe Australian mining sub-index (INDEXASX: XMM) experienced a robust increase of as much as 2.6% on 25 september 2024, reaching its highest level since mid-July. This surge is primarily attributed to a significant jump in iron ore futures prices, whi...

Premier Investments (ASX:PMV) Shares Slide Nearly 10% Following Earnings Miss and Demerger Delay
September 25, 2024 01:15 PM AEST| By Team Kalkine MediaShares of Premier Investments (ASX:PMV) experienced a significant decline on Wednesday, plummeting as much as 9.4% to AU$30.68. This drop marks the steepest intraday decrease for the company since late March 2020 and positions PMV as the top loser on...

Australian Markets See Minor Gains as Investors Anticipate Key Inflation Report
September 25, 2024 01:13 PM AEST| By Team Kalkine MediaAustralian shares saw a slight uptick on Wednesday after enduring two consecutive days of declines. The increase was primarily driven by gains in commodity stocks, following China’s announcement of a significant stimulus package aimed at rejuvenating...

Light & Wonder's (ASX:LNW) Shares Hit a Rough Patch Following Analyst Downgrades and Legal Issues
September 25, 2024 01:06 PM AEST| By Team Kalkine MediaShares of Light & Wonder (ASX:LNW) have experienced a notable decline on Wednesday, dropping as much as 3.6% to AU$129.74, marking the fifth consecutive day of losses. This downturn comes in the wake of a downgrade from J.P. Morgan, which has reduced...

Focus Shifts to Taroom Trough as Gas Supply Crisis Deepens
September 25, 2024 01:05 PM AEST| By Team Kalkine MediaHighlights,Taroom,Trough,emerges,as a solution for the east coast gas crisis, drawing interest from Shell and Omega Oil & Gas (,ASX:OMA,).,Omega Oil & Gas is appraising flow potential through a horizontal drill well in the promising,Taroom,Trough.,Re...

Nova Minerals Ltd Launches Public Offering to Boost Exploration Efforts
September 25, 2024 12:24 PM AEST| By Team Kalkine MediaHighlights,Nova Minerals Ltd (ASX: NVA) is raising up to US$2.15 million via a public offering of American Depositary Shares (ADS).,The company has a 9.9 million-ounce gold resource at Estelle, exploring scalable production amid rising gold prices.,N...

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