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ASX Limited (ASX) and Nuix (NXL)

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ASX Limited (ASX) and Nuix (NXL)

Hi James and team, Please allow me two questions today 1. ASX Limited - ASX any additional information on the total trade on 16/5/25 to my information that was more than $300mil 2. Nuix - NXL please your updated opinion Regards Christof

Answer

Hi Christof,

  • ASX Limited (ASX) – there was block trade on the 16th of 3.55 million shares, equivalent to 1.8% of the free float, with a market value of $248.9mn at $70.10. It looks like UniSuper were the seller, taking their position down from 10.69% to 8.87% of the ASX. We ‘re not sure who the buyer was.
  • Nuix (NXL) – AI/tech company specialising in investigative analytics and intelligence software has plunged ~77% from its late 2024 high, the latest issue being a downgrade to earnings, and it looks like Nuix has been losing market share to rival Relativity over the past year. The trends here are a little worrying, we would need to see signs these are improving before becoming more positive again.
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ASX Ltd (ASX)
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