Legacy Tech Stocks

02/06/2026

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Weekend report 13/06/2026

Weekend Q&A: Bulls back in control

After a shaky start to the week, the ASX200 finished with a flourish, rallying 2% on Friday to end the week up 1.4% as risk appetite returned. Following several sessions dominated by geopolitical headlines, the ASX delivered its strongest weekly gain in two months as markets embraced the prospect of a US-Iran peace deal and the accompanying pullback in oil prices, which reversed more than US$10/barrel from their weekly highs. The gains were driven primarily by rate-sensitive sectors, with Consumer Staples (+9%), Consumer Discretionary (+8%), Healthcare (+7%) and Real Estate (+5%) leading the charge. The winners' enclosure was also dominated by underperformers as investors went bargain hunting into EOFY, while the laggards had a distinctly gold and uranium flavour.

Afternoon report 12/06/2026

The Match Out: ASX surges almost 2% for its best session since April as Trump flags ‘imminent’ Iran deal

The ASX finished the week with its strongest session since April, surging almost 2% on the day after US President Donald Trump suggested a deal with Iran could be signed as soon as this weekend. The move wasn't confined to a handful of stocks with around 85% of ASX 200 companies closing higher on the session.