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What prompted positive movement in Wesfarmers' (ASX: WES) shares on Friday?
May 03, 2024 05:05 PM AEST| By Team Kalkine MediaShares of Wesfarmers Limited (,ASX: WES,) closed on Friday with a surge of around 2% to AU$68.450, marking its highest level since 10 April. This uptrend follows the company's robust expansion strategies and operational efficiencies, as highlighted b...
What factors are propelling surge in these three ASX shares?
May 03, 2024 03:40 PM AEST| By Team Kalkine MediaHighlights,S&P/ASX 200 is on a green note with a 0.6% surge to 7,632.8 points on Friday.,GQG share price surges over 5%, backed by news of a quarterly dividend of 3.06 US cents per share.,Xero climbs 2% on Macquarie's improved price target.,The S&P/A...
Macquarie Group (ASX: MQG) shares tumbled 1.9% as full-year profit dips
May 03, 2024 02:47 PM AEST| By Team Kalkine MediaHighlights,Shares of Macquarie Group dropped by 1.9% on Friday, hitting AU$184.410, the largest decline since 19 April.,The company’s full-year profit plummeted to AU$3.52 billion, the lowest since 2009, amid market challenges.,The company’s final di...
What's behind Block Inc's (ASX: SQ2) share price surge on ASX today?
May 03, 2024 02:20 PM AEST| By Team Kalkine MediaHighlights,Share price of SQ2 surged by around 10% on Friday backed by a revised earnings forecast.,Initially projected at AU$2.63 billion, the revised forecast now anticipates earnings to reach at least AU$2.76 billion.,The company disclosed its str...
MEI, NAB and PXA: Three ASX stocks delivers strong performance on Thursday
May 02, 2024 12:53 PM AEST| By Team Kalkine MediaThe S&P/ASX 200 Index surged by 0.23% to reach 7,587 points on 2 May 2024.,Several ASX-listed shares are outperforming the market today, with notable gains seen in the following three stocks:,Meteoric Resources NL (,ASX: MEI,),The Meteoric Resources...
International Bidding War Intensifies for Australia's Namoi Cotton (ASX: NAM)
May 02, 2024 12:51 PM AEST| By Team Kalkine MediaAn international bidding war has escalated for Australia's Namoi Cotton (,ASX: NAM,), with Singapore's Olam Agri Holdings (IPO-OLAA.SI) launching a takeover offer worth AU$136.6 million ($89.13 million), surpassing a bid by a Dutch-led consortium ear...
National Australia Bank (ASX: NAB) Reports Decline in Half-Year Profit
May 02, 2024 12:50 PM AEST| By Team Kalkine MediaNational Australia Bank Ltd. (,ASX: NAB,) has released its financial results for the half-year ending on 31 March 2024, revealing a decrease in net profit attributable to the company's owners. The net profit declined to AU$3.49 billion or 110.4 cents...
Bapcor (ASX: BAP) Faces Share Price Plunge Following Trading Halt
May 02, 2024 12:45 PM AEST| By Team Kalkine MediaBapcor Ltd (,ASX: BAP,) has reemerged from a trading halt with a significant drop in its share price, plummeting by 23.88% to close at AU$4.40 on Thursday. Although the shares have slightly recovered, they remain down nearly 30% at the time of repor...
Woolworths (ASX: WOW) Faces Stock Downturn Amid Cautionary Consumer Sentiment
May 02, 2024 12:43 PM AEST| By Team Kalkine MediaShares of Australia's leading retailer, Woolworths (,ASX: WOW,), experienced a notable decline, falling by as much as 4.15% to AU$30.50 apiece on Thursday. This dip marks their lowest level since May 29, 2020. The downward trend comes amidst a cautio...
Qube Holdings' (ASX: QUB) Shares Surge to 2-Year Highs on Strong Growth Outlook
May 02, 2024 12:40 PM AEST| By Team Kalkine MediaShares of Australia's Qube Holdings (,ASX: QUB,) soared by as much as 6.71% to AU$3.50 apiece on 2 May 2024, marking their highest level since January 16, 2020. This surge represents the stock's biggest intraday percentage gain since February 23, 202...
Qantas Airways (ASX: QAN) Shares Decline Amid Frequent Flyer App Investigation
May 01, 2024 04:42 PM AEST| By Team Kalkine MediaThe shares of Qantas Airways (,ASX: QAN,), Australia's national carrier, experienced a decline of up to 1.19% to AU$5.83 on Wednesday, marking their steepest intraday percentage drop since April 19. This downturn coincides with the airline's announce...
Endeavour Group (ASX: EDV) Shares Dip Following Woolworths' Stake Sell-Down
May 01, 2024 04:40 PM AEST| By Team Kalkine MediaShares of Australian food retailer Endeavour Group Ltd (,ASX: EDV,) experienced a decline of up to 3.92% to AU$5.15 on Wednesday, marking their lowest level since February 27. The drop comes in response to an announcement from Woolworths Group Ltd (,...
Woolworths (ASX: WOW) Shares Hold Steady Amid Market Volatility on Wednesday
May 01, 2024 04:38 PM AEST| By Team Kalkine MediaWoolworths Group Ltd (,ASX: WOW,) shares demonstrated resilience on Wednesday during the trading session and maintained stability amidst broader market turbulence. However, the supermarket giant's shares closed at AU$31.82, 0.25% down from the previo...
Beach Energy (ASX: BPT) Faces Stock Drop on Wednesday Amid Analysts' Concerns
May 01, 2024 04:32 PM AEST| By Team Kalkine MediaBeach Energy (,ASX: BPT,) witnessed a 3.42% decline in its share price to AU$1.56 apiece on Wednesday, reflecting a dip in investor sentiment. The downturn followed a decision by analysts at Morgan Stanley to lower the price target on the stock to AU...
Anson Resources (ASX: ASN) Secures Lithium Supply Deal with LG Energy Solution
May 01, 2024 04:29 PM AEST| By Team Kalkine MediaAnson Resources (,ASX: ASN,) announced on Wednesday its agreement to supply 4,000 dry metric tons of lithium carbonate annually from its Mexican Paradox Basin project to South Korean battery giant LG Energy Solution (373220.KS). The deal spans an ini...
Amcor (ASX: AMC) Witnesses Surge in Share Price on Wednesday, Up by 4%
May 01, 2024 04:27 PM AEST| By Team Kalkine MediaAmcor (,ASX: AMC,) shares experienced a substantial surge on Wednesday, climbing as high as 4.12% to AU$14.39 apiece, marking the most significant intraday percentage gain since February 7. The stock reached its highest level since April 2, reflectin...
Australian Lithium Stocks Surge Following Tesla's Advancements in Chinese Self-Driving Car Market
April 30, 2024 03:51 PM AEST| By Team Kalkine MediaAustralian lithium stocks are experiencing a significant surge after Tesla Inc. secured pivotal achievements in the self-driving car sector in China. The rally in local lithium stocks mirrors the upward momentum seen in their U.S.-listed counterparts...
Zip Co (ASX: ZIP) Shares Edge Up Following Quarterly Cash Flow Update
April 30, 2024 03:31 PM AEST| By Team Kalkine MediaThe share price of Zip Co Ltd (,ASX: ZIP,), a prominent player in the buy now, pay later (BNPL) sector, is on the rise today. After closing yesterday at AU$1.24, shares of the BNPL stock are trading at AU$1.25 in early morning trading on Tuesday, ref...
TPG Telecom (ASX: TPG) Shares Surge on Analyst Upgrade and Network Sharing Agreement with Optus
April 30, 2024 03:23 PM AEST| By Team Kalkine MediaShares of Australian telecommunications giant TPG Telecom (,ASX: TPG,) experienced a significant surgen Tuesday , rising by as much as 3.21% to AU$4.50 apiece , reaching their highest level since March 14.,Analysts at J.P. Morgan upgraded their stock...
Coles Group (ASX: COL) Share Price Dips as Third Quarter Sales Update Unveiled
April 30, 2024 03:14 PM AEST| By Team Kalkine MediaThe share price of Coles Group Ltd (,ASX: COL,) experienced a slight decline on Tuesday, with the supermarket giant's shares falling by 0.25% to AU$16.23 apiece at the time of writing.,Investors reacted to the company's third quarter sales update, re...
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