Author: Shawn Hickman
DroneShield is trading down over 10% after the company announced that ASIC was investigating director share sales from lats November.
The fight for control of WA’s premier gold regions continues, with elevated bullion prices continuing to fuel consolidation pressure across the sector.
South32 shares are down ~7% after flagging another cost blowout at its flagship zinc-lead-silver project in Arizona, citing tariffs, inflation, rising input costs and contractor underperformance.
Codan (ASX:CDA) is surging ~15% after the Australian electronics maker flagged net income of $170mn, around 11% ahead of estimates.
Cochlear (ASX:COH) has plunged the most in more than 30-years after downgrading net profit guidance by ~25%.
Xero and WiseTech are leading the market higher this morning as US software stocks shrugs off AI Disruption fears.
Westpac has fallen, more than 4%, the most since March 30th, after saying interest rate volatility has adversely impacted treasury and net interest margins (NIM).
An 11th hour US-Iran ceasefire has reduced global inflation fears, allowing bonds to bounce, sending precious metals and respective stocks roaring higher.
Nickel Industries (NIC) falls more than 8% after a fatality at its Hengjaya mine in Indonesia led to suspension of operations.
After correcting well over 30% from its 2026 high Sandfire (SFR) is coming back to life, MM asks is it time to buy?
