WiseTech Shares Recover Some Ground After Rout
WiseTech closed at A$38.20 on Monday, up 0.5%, but remained 9.65% below its level a week
South32 Drops in Early Trading Ahead of ASX After $100m Copper Plan Raises Cost Worries
South32 closed at A$4.03, down 4.28% on Monday, as the S&P/ASX 200 fell 1.45% and materials stocks slumped. Sierra Gorda, 45% owned by South32, announced a $100 million, five-year copper exploration plan
Transurban Shares Slip as ASX Rout Puts Toll-Road Safe Haven to the Test
Transurban closed Monday down 0.82% at A$14.48, outperforming the S&P/ASX 200’s 1.45% drop. Trading volume reached 6.69 million shares, above average. April traffic rose in Melbourne and Brisbane but fell 1.2% in Sydney. Investors await RBA minutes after a recent rate hike to 4.35%.
Fortescue slides with ASX mining stocks ahead of Tuesday open
Fortescue Ltd shares dropped nearly 3% to A$21.95 on Monday amid a broad selloff in Australian miners, pulling the S&P/ASX 200 to a seven-week low. BHP and Rio Tinto also fell, down 2.8% and 3.6% respectively. Brent crude traded above $110 a barrel, while Singapore iron ore slipped 0.3%. Fortescue’s only new filing showed State Street Corporation holding 5.02% of its shares.
Aviva Stock Jumps as Direct Line Boost Gives FTSE Insurer Fresh Lift
Aviva shares rose 1.77% to 631.20 pence in late London trading Monday, outpacing the FTSE 100 after its Direct Line acquisition showed early gains. First-quarter general insurance premiums rose 19% to £3.4 billion, while retirement sales dropped to £1.1 billion from £1.8 billion. Legal & General shares edged up 0.15%. Analysts flagged risks from weaker retirement margins and market volatility.
Tesco Rises After Buyback; UK Grocery Market in Spotlight
Tesco shares rose 2.8% to 461.40p in delayed London trade on Monday after the company bought 5.64 million shares for cancellation under its £750 million buyback programme. Rival Sainsbury’s gained 1.8%. Tesco’s move followed a 3.4% drop last week and came as the FTSE 100 rose 1.3%. Investors remain focused on food-price competition and energy costs.
Vodafone Shares Edge Up, But Traders Still Wary of One Market
Vodafone shares rose 0.41% to 111.25p in London on Monday, recovering slightly after last week’s drop. The company reported full-year revenue up 8% to €40.5 billion, but organic service revenue in Germany, its largest market, fell 0.2%. Vodafone forecast adjusted EBITDAaL of €11.9–12.2 billion for the year ahead. Olaf Koch will join the board as a non-executive director after the 2026 AGM.
3i Group slides again even after £750 million buyback
3i Group shares dropped about 7% to 2,060 pence on Monday, despite the company launching a £750 million buyback and cancelling 701,317 shares. The stock traded well below its reported net asset value of 3,030 pence per share. Investors focused on slowing sales growth at Action, 3i’s main asset, as like-for-like sales rose just 2.4% in the year to May 10.
National Grid Shares Bounce After Friday Rout as £70 Billion Grid Bet Faces Storm Test
National Grid shares rose 1.85% to 1,210p in early London trading Monday, partly rebounding from Friday’s sharp drop after missing annual profit forecasts. The company reported adjusted operating profit of £5.68 billion versus a consensus of £5.75 billion, with storm-related costs up 7.4% to £636 million. Barclays raised its price target to 1,500p and kept an “overweight” rating. Utilities broadly recovered after last week’s sector sell-off.
Cochlear Stock Faces Crucial ASX Open After Post-Crash Bounce Fades
Cochlear shares closed at A$96.33 on Friday, up 0.95% for the day but down 3.6% from the previous week. The stock remains volatile after plunging 40.7% on April 22, when Cochlear cut its FY26 profit outlook to A$290 million–A$330 million on weak demand. Normal ASX trading had not started as of 07:06 AEST Monday.
3i Group slides again even after £750 million buyback
3i Group shares dropped about 7% to 2,060 pence on Monday, despite the company launching a £750 million buyback and cancelling 701,317 shares. The stock traded well below its reported net asset value of 3,030 pence per share. Investors focused on slowing sales growth at Action, 3i’s main asset, as like-for-like sales rose just 2.4% in the year to May 10.
National Grid Shares Bounce After Friday Rout as £70 Billion Grid Bet Faces Storm Test
National Grid shares rose 1.85% to 1,210p in early London trading Monday, partly rebounding from Friday’s sharp drop after missing annual profit forecasts. The company reported adjusted operating profit of £5.68 billion versus a consensus of £5.75 billion, with storm-related costs up 7.4% to £636 million. Barclays raised its price target to 1,500p and kept an “overweight” rating. Utilities broadly recovered after last week’s sector sell-off.
Cochlear Stock Faces Crucial ASX Open After Post-Crash Bounce Fades
Cochlear shares closed at A$96.33 on Friday, up 0.95% for the day but down 3.6% from the previous week. The stock remains volatile after plunging 40.7% on April 22, when Cochlear cut its FY26 profit outlook to A$290 million–A$330 million on weak demand. Normal ASX trading had not started as of 07:06 AEST Monday.
4DMedical Shares Move Higher Pre-Market With Test Ahead for 4DX
4DMedical shares closed at A$4.17 on Friday, up 8.88% on heavy volume, outpacing the S&P/ASX 200’s 0.11% drop. The lung-imaging firm joined the ASX 200 in April and recently announced a one-year analytics deal with GlaxoSmithKline. No new contracts or earnings were disclosed Friday. Normal trading resumes Monday in Sydney.
QBE Stock Has a Monday-Morning Test After Last Week’s Jump
QBE Insurance closed Friday at A$23.04, up 1.86% for the day and 3.32% over five sessions, ahead of Monday’s Sydney open. The insurer recently priced AUD500 million in floating-rate capital notes, rated BBB- by Fitch. First-quarter gross written premium rose 11% to $9.2 billion, with net catastrophe claims at about $300 million for the first four months.
Liontown Sinks 6%, Lithium Rally Faces Test Next Week
Liontown shares fell 6% to A$2.35 on Friday, tracking declines in other Australian lithium miners. The drop came despite a March-quarter report showing positive net cash flow and higher realised spodumene prices. Investors are watching lithium prices and spending on the Kathleen Valley expansion ahead of Monday’s ASX open.
WiseTech Shares Recover Some Ground After Rout
WiseTech closed at A$38.20 on Monday, up 0.5%, but remained 9.65% below its level a week earlier. The S&P/ASX 200 index dropped 1.45% to 8,505. Investors are watching WiseTech’s FY26 guidance, AI-driven job cuts, and a new CargoWise pricing model as ASX trading resumes Tuesday at 9:59 a.m. AEST.
ALS Shares Drop Despite Record Profit as Tuesday Open Looms
ALS Ltd shares fell 1.7% to A$21.83 Monday despite record annual earnings and a higher dividend. Revenue for the year to March 31 rose 10.7% to A$3.32 billion, with underlying net profit up 25.8% to A$381.2 million. The board declared a final dividend of 23.1 cents a share, partially franked. The ASX cash market was still in pre-open at the time of filing.
Mineral Resources Shares Watch Lithium Market Ahead of Bald Hill Restart
Mineral Resources will restart its Bald Hill lithium mine in Western Australia, targeting first spodumene concentrate in July after a recovery in lithium prices. The company estimates restart costs at A$20 million for Q4 fiscal 2026 and expects about 370 jobs. MIN shares closed at A$64.10 Monday, down 1.03%. The S&P/ASX 200 fell 1.45% on the day.
IAG Shares Near A$8 Before ASX Open—The Weather-Cost Test Investors Are Watching
Insurance Australia Group closed at A$7.99 on Monday, down 0.25%, as investors weighed its new strategy and weather-claims risks ahead of Tuesday’s ASX session. The S&P/ASX 200 index fell 1.45% to 8,505.3. IAG lodged a “Notification of cessation of securities” after a recent buy-back update. No new profit figures were released.
Elders Drops 23% in Sydney Despite Higher Profit as Investors React to Costs
Elders Limited shares plunged 22.92% to A$5.55 on Monday, despite a 33% rise in first-half underlying EBIT to A$76.6 million. Investors punished the company for higher technology and corporate costs, with underlying earnings per share down 4% and return on capital falling to 10.7%. The S&P/ASX 200 dropped 1.45% to a seven-week low. Regular ASX trading resumes Tuesday at 9:59 a.m. AEST.
Woolworths Shares Hold Steady as Discount Worries Persist
Woolworths shares closed flat at A$32.98 on Monday as the S&P/ASX 200 dropped 1.45% to a seven-week low. The company faces renewed scrutiny over supermarket discounting after new pricing data and Coles’ court loss on misleading promotions. Woolworths’ third-quarter update showed stronger food sales, but profit outlook remains cautious amid rising fuel costs and legal risks.
South32 Drops in Early Trading Ahead of ASX After $100m Copper Plan Raises Cost Worries
South32 closed at A$4.03, down 4.28% on Monday, as the S&P/ASX 200 fell 1.45% and materials stocks slumped. Sierra Gorda, 45% owned by South32, announced a $100 million, five-year copper exploration plan in Chile. Investors weighed the new copper push against ongoing cost concerns at South32’s Hermosa project in Arizona. The company also cut its fiscal 2026 production guidance.
Why Wesfarmers Shares Are Near a Low — and the June Date Investors Will Watch
Wesfarmers shares closed at A$71.26 on Monday, down 0.57% and near a 52-week low, as the S&P/ASX 200 fell 1.45% to a seven-week low. No new company announcements were issued. Wesfarmers traded between A$71.14 and A$72.29 on volume of 1.01 million shares. The broader market dropped amid higher oil prices and inflation concerns.
Computershare Shares Climb as ASX Drops, Traders Move Into CPU
Computershare Limited rose 3.28% to A$32.09 on Monday, bucking a sharp selloff in Australian equities that saw the S&P/ASX 200 drop 1.45%. More than 2.26 million shares traded, over twice the average volume. The gain followed reaffirmed FY26 EPS guidance and a margin income upgrade. The ASX closed at 8,505.3 amid inflation and geopolitical worries.
Orica slips in dividend week, stock draws trader focus
Orica shares fell 2.3% to A$22.52 on Monday as the S&P/ASX 200 hit a seven-week low. The stock is set to trade ex-dividend on May 21 for a 28.5-cent interim payout. Orica reported first-half EBIT up 5% to A$512 million and completed a A$500 million share buyback. Management cited a volatile external environment but maintained positive full-year guidance.
Lynas Rare Earths spikes on China supply risk; ASX down
Lynas Rare Earths rose 5.46% to A$18.93 on Monday, bucking a 1.45% drop in the S&P/ASX 200. The gain came as China’s rare-earth export controls and an Australian order forcing China-linked investors to sell Northern Minerals shares kept supply-chain risks in focus. Northern Minerals fell over 8% after the order. Lynas mines and processes rare earths in Australia and Malaysia.
PLS shares stay at A$6 after ASX slump, lithium traders look to Tuesday
PLS Group Limited closed at A$6.00 on Monday, down 0.17%, with a market value near A$19.33 billion. The S&P/ASX 200 dropped 1.45% to a seven-week low after profit warnings from Brambles and Elders. PLS reported an 86% jump in third-quarter spodumene concentrate output in April. Lithium carbonate prices in China slipped 0.26% on May 18 but remain up 11% for the month.
Telstra Stock Bucks ASX Rout as Buyback Tops A$1.12 Billion
Telstra shares closed up 0.56% at A$5.41 on Monday as the company disclosed a fresh buyback of 848,630 shares for A$4.57 million. The S&P/ASX 200 fell 1.45%, pressured by profit warnings from Brambles and Elders. Telstra has now spent about A$1.121 billion of its A$1.25 billion buyback program, which began in September 2025. The ASX cash market reopens Tuesday at 9:59 a.m. AEST.
Xero Stock to Watch After A$550 Million Buyback, Melio Margin Concerns
Xero shares fell 2.0% to A$78.07 Monday ahead of the ASX open, as investors weighed a planned A$550 million buyback against weaker profit and lower margins tied to its U.S. expansion. FY26 net profit dropped 27% to NZ$167.4 million, while revenue rose 31% to NZ$2.75 billion. The company added 110,000 U.S. customers and integrated Melio payments. Trading resumes Tuesday with no holiday closures scheduled.
Suncorp Steady as ASX Drops; Buyback Moves to Fore
Suncorp Group shares closed at A$17.47 on Monday, down 0.11%, after the insurer disclosed another on-market buy-back, nearing its A$400 million cap. The company bought 497,942 shares in the previous session, bringing total repurchases to 21.8 million shares and A$389.4 million spent. The S&P/ASX 200 fell 1.45% to a seven-week low. The buy-back program runs until June 30.
Transurban Shares Slip as ASX Rout Puts Toll-Road Safe Haven to the Test
Transurban closed Monday down 0.82% at A$14.48, outperforming the S&P/ASX 200’s 1.45% drop. Trading volume reached 6.69 million shares, above average. April traffic rose in Melbourne and Brisbane but fell 1.2% in Sydney. Investors await RBA minutes after a recent rate hike to 4.35%.
Northern Star Shares Slip While Gold Miners Face Pressure
Northern Star Resources closed at A$20.00 on Monday, down 2.44%, after hitting A$19.53 intraday as gold miners fell amid rising bond yields. The ASX Gold Sub-Index dropped 4.0%, with Evolution Mining down 4.6%. Northern Star reaffirmed FY26 guidance of over 1.5 million ounces sold at AISC of A$2,600–A$2,800 per ounce. The KCGM mill expansion remains on track for early FY27 commissioning.
Evolution Mining Stock Just Fell 4.6% — Why Tuesday’s ASX Open Matters
Evolution Mining shares closed down 4.56% at A$11.93 Monday amid a broad sell-off in Australian gold miners, with about 9 million shares traded. The stock is now well below its 52-week high of A$17.75. The S&P/ASX 200 fell 1.5% to 8,505.30, its weakest close since March 31. Gold miners dropped about 4% as investors questioned the outlook for bullion-driven earnings.
Santos Shares Rise After Alaska Oil Moves, Traders Eye Tuesday Open
Santos shares rose 2.66% to A$8.09 on Monday after announcing first oil from the Pikka project in Alaska. The company expects output to reach 20,000 barrels a day in the coming weeks, targeting 80,000 barrels a day in the third quarter. The broader ASX 200 fell 1.45% as energy stocks outperformed on higher crude prices. Santos said Pikka production will be intermittent during late-stage commissioning.
ANZ Shares Slip Again, And Tuesday’s RBA Signals May Decide What Comes Next
ANZ closed Monday at A$35.06, down 0.43%, as the S&P/ASX 200 dropped 1.45% to a seven-week low amid oil and inflation concerns. ANZ’s standard variable home loan rate rose to 8.64% from May 15. The Reserve Bank of Australia holds its cash rate at 4.35%, with meeting minutes due Tuesday. Financials fell less than the broader market, but ANZ shares still declined.