Xero shares near 52-week low as ASX tech selling tests Melio, AI growth case
Xero closed at A$72.09 on Tuesday, down 1.72%, hovering just above its 52-week low of A$67.93
Origin Energy stock rises as ASX energy names rebound after RBA rate hold
Origin Energy closed at A$10.94 on Tuesday, up 1.96%, as energy stocks rose after the Reserve Bank of Australia held rates at 4.35%. The S&P/ASX 200 edged up 0.04% to 8,917.7. Origin
Woolworths holds firm in early ASX trade; RBA keeps rates steady
Woolworths closed at A$38.26 on Tuesday, up 0.03%, with no new price-sensitive disclosures. The S&P/ASX 200 ended almost flat at 8,917.70 after the Reserve Bank of Australia held rates at 4.35%. Woolworths’ recent filings were routine. Market attention remains on the company’s food sales and margin outlook.
Sigma Healthcare holds firm after Boots exit, ASX traders look to Chemist Warehouse
Sigma Healthcare shares closed at A$2.81 Tuesday, up 0.36%, after the company ended talks to buy UK pharmacy chain Boots. The board said Boots no longer fits Sigma’s investment plans. Shares remain below last week’s A$2.92 finish despite Monday’s rebound. Sigma will focus on Australian growth and a smaller UK expansion through GreenLight Healthcare.
Elevra Lithium shares jump before ASX 200 entry as Macquarie lifts rating
Elevra Lithium closed at A$13.10 on Tuesday, up 6.59%, ahead of its addition to the S&P/ASX 200 on June 22. Macquarie upgraded the stock to Outperform with a A$14.50 target. The shares have climbed nearly 19% in five days, despite weaker lithium prices. Elevra recently raised funds for project expansion through a share purchase plan and institutional placement.
Qantas edges to A$10 as softer fuel prices help ASX airlines
Qantas closed Tuesday at A$9.96, up 0.2%, after trading as high as A$10.10. No new company filings appeared between June 11 and June 17. Fuel costs remain a major risk, with Qantas forecasting second-half FY26 fuel expenses of A$3.1–3.3 billion. Preliminary FY26 results are due August 27.
Telstra trades up after RBA holds rates; ASX buyers stay wary on valuation
Telstra Group Limited closed up 0.39% at A$5.12 on Tuesday, recovering part of Monday’s 1.73% drop. The S&P/ASX 200 ended nearly flat after the Reserve Bank of Australia left its cash rate unchanged at 4.35%. Telstra’s annual results are due August 13, with investors watching for dividend dates later in the month.
Macquarie Hits Near 52-Week High After RBA Hold, Qube Vote
Macquarie Group shares closed at A$249.06 on Tuesday, up 0.73% and just below their 52-week high. The ASX 200 rose 0.04% after the Reserve Bank of Australia kept the cash rate at 4.35%. Macquarie’s A$11.7 billion Qube bid awaits regulatory approval after shareholder backing. Investors are watching for the July 2 dividend and further rate signals.
Northern Star Resources Gains with Gold Stocks; Elliott Moves Still Watched
Northern Star Resources shares rose 2.45% to A$21.30 Tuesday, as gold stocks lifted the ASX gold sub-index 1.8%. The stock remains well below its 52-week high of A$31.96. Northern Star reported recent buybacks totaling A$111.5 million. Activist investor Elliott continues to press for board changes and a possible strategic review.
Rio Tinto Shares Slip as Focus Turns to India Growth, Less on China
Rio Tinto PLC shares fell 0.78% to 7,861p in London on Tuesday, reversing Monday’s gains as iron ore prices stayed weak amid slow Chinese steel demand. The FTSE 100 rose 0.29%. Investors are watching if India and Southeast Asia can offset China’s slowdown. Rio will release its Q2 operations review on July 15 and half-year earnings on July 29.
Macquarie Hits Near 52-Week High After RBA Hold, Qube Vote
Macquarie Group shares closed at A$249.06 on Tuesday, up 0.73% and just below their 52-week high. The ASX 200 rose 0.04% after the Reserve Bank of Australia kept the cash rate at 4.35%. Macquarie’s A$11.7 billion Qube bid awaits regulatory approval after shareholder backing. Investors are watching for the July 2 dividend and further rate signals.
Northern Star Resources Gains with Gold Stocks; Elliott Moves Still Watched
Northern Star Resources shares rose 2.45% to A$21.30 Tuesday, as gold stocks lifted the ASX gold sub-index 1.8%. The stock remains well below its 52-week high of A$31.96. Northern Star reported recent buybacks totaling A$111.5 million. Activist investor Elliott continues to press for board changes and a possible strategic review.
Rio Tinto Shares Slip as Focus Turns to India Growth, Less on China
Rio Tinto PLC shares fell 0.78% to 7,861p in London on Tuesday, reversing Monday’s gains as iron ore prices stayed weak amid slow Chinese steel demand. The FTSE 100 rose 0.29%. Investors are watching if India and Southeast Asia can offset China’s slowdown. Rio will release its Q2 operations review on July 15 and half-year earnings on July 29.
HSBC Shares Tick Up After Hong Kong App Outage, Market Eyes Rate Call
HSBC shares rose 0.64% in London early Tuesday, trading near a 52-week high at 1,393.40p. The bank restored digital banking in Hong Kong after a brief outage Monday, limiting market impact. Traders now await the Bank of England’s June 18 rate decision and HSBC’s interim results on August 4.
Rolls-Royce gains on Swedish SMR deal; market looks to July earnings
Rolls-Royce Holdings shares rose 1.86% to 1,383.60p in London Tuesday after its SMR unit secured a multibillion-pound deal to build three nuclear reactors in Sweden for Vattenfall. The stock is near a 52-week high and up 56% over the past year. Rolls-Royce will report half-year results on July 30. The Sweden project still requires permits, with the first reactor expected by the mid-2030s.
Stockland shares rise as Morgan Stanley retail partnership puts ASX property stock back in focus
Stockland shares rose 3.31% to A$4.37 after finalising a convenience retail partnership with a Morgan Stanley-managed vehicle, covering three new retail centres valued at about A$250 million. The S&P/ASX 200 closed up 1.25% at 8,914.00. Investors await the Reserve Bank of Australia’s rate decision later today.
Xero shares near 52-week low as ASX tech selling tests Melio, AI growth case
Xero closed at A$72.09 on Tuesday, down 1.72%, hovering just above its 52-week low of A$67.93 and 63% below last year’s high. The ASX was in pre-open at 9:04 a.m. AEST, with the broader market flat and tech shares weaker. Xero traded 654,189 shares after opening at A$73.33 and touching A$71.70. Investors remain focused on U.S. payments expansion, AI prospects, and margin pressure.
Origin Energy stock rises as ASX energy names rebound after RBA rate hold
Origin Energy closed at A$10.94 on Tuesday, up 1.96%, as energy stocks rose after the Reserve Bank of Australia held rates at 4.35%. The S&P/ASX 200 edged up 0.04% to 8,917.7. Origin shares remain down 4.79% for the year despite recent gains. Trading volumes reached 4.43 million shares on Tuesday.
Lynas Rare Earths stock near A$18 as G7 minerals pricing debate keeps ASX rare earths in focus
Lynas Rare Earths closed at A$17.98 on Tuesday, up 0.56%, as the S&P/ASX 200 finished nearly flat. Pol Le Roux will become interim CEO from June 30, replacing Amanda Lacaze. Third-quarter sales revenue more than doubled to A$265 million, the highest since 2022. G7 talks continue to expose divisions over Western support for non-China critical minerals supply.
Coles Group falls ahead of ASX as RBA holds rates, shoppers top of mind
Coles closed Tuesday at A$23.43, down 0.3%, as the S&P/ASX 200 edged up 0.04% after the Reserve Bank of Australia kept rates at 4.35%. Investors are watching if supermarket sales can offset rising costs and weaker liquor sales. Coles last reported 4% third-quarter supermarket revenue growth in May. The ACCC’s legal action against rival Woolworths remains unresolved.
Scentre Group falls ahead of ASX trading as RBA pause keeps investors wary on rates
Scentre Group shares closed at A$3.86 on Tuesday, down 0.77%, with trading volume near 11.7 million. The company reported 160 million visits to its Westfield malls through April 19, up 3.1%, and kept its 2026 funds-from-operations target unchanged. The Reserve Bank of Australia held rates at 4.35% but warned another hike is possible. The ASX 200 finished 0.04% higher at 8,917.
Suncorp trades flat pre-market with reinsurance deadline on radar
Suncorp closed at A$18.35 on Tuesday, down 0.16%, with about 2.69 million shares traded in a narrow range. Investors are watching the June 30 reinsurance renewal after Suncorp agreed to a five-year, A$800 million annual cover. The ASX 200 ended nearly flat as the RBA kept rates at 4.35%. Suncorp shares have risen about 3% since June 9.
ASX Limited gains after CHESS settlement but trust and costs still in focus
ASX Ltd closed Tuesday at A$50.96, up 0.99%, after admitting a 2022 statement on the CHESS upgrade misled investors. The Federal Court will consider a proposed A$20.5 million penalty and A$3 million in costs, with a hearing set for July 1. Investors remain focused on unresolved CHESS overhaul issues and rising tech costs.
Liontown dips as lithium slide pressures Kathleen Valley gains
Zip Co Ltd shares closed up 1.77% at A$2.88 in Sydney on Tuesday, with volume hitting 19.23 million shares. Zip US announced a partnership with Stripe to support Shared Payment Tokens for AI-driven checkouts. State Street cut its stake in Zip to 7.44% from 8.70%. Zip’s on-market buyback continues, with 677,066 shares repurchased on June 11.
Zip Co traders watch Stripe AI push, buyback talks
Zip Co Ltd shares closed Tuesday up 1.77% at A$2.88, with volume above average ahead of the ASX’s normal session restart. Zip US will support Stripe’s Shared Payment Tokens in AI-driven checkout, expanding its U.S. payments reach. State Street cut its stake in Zip to 7.44% from 8.70%, according to a new filing. Zip’s on-market buyback continues.
WiseTech Global faces ASX open after shares fell 4.2%
WiseTech Global shares fell 4.2% to A$36.79 on Tuesday, closing near a 52-week low as the ASX 200 finished flat. The company’s cost-cutting and AI overhaul remain in focus ahead of full-year results due August 26. The Reserve Bank of Australia kept rates at 4.35% but warned of possible hikes, weighing on growth stocks. Peers traded mixed, with Xero down and NextDC up.
Computershare ticks up premarket, FY26 margin income a focus
Computershare closed at A$36.19 on Tuesday, up 0.5%, outperforming the S&P/ASX 200, which edged 0.04% higher. The company maintained its FY26 management EPS outlook at about 144 cents and raised its margin income target to US$740 million. The Reserve Bank of Australia kept rates steady at 4.35%. Computershare will report full-year earnings on August 12.
Regis Resources trades higher with gold flat ahead of ASX open
Regis Resources closed at A$6.69 Tuesday, up 0.9% after a 13.3% surge Monday, as gold prices firmed and oil fell. Investors are weighing Regis’s all-share offer for Vault Minerals, which would create a larger Australian gold miner. The S&P/ASX 200 edged up 0.04%, while the Reserve Bank of Australia kept rates steady at 4.35%. Northern Star and Evolution Mining also gained, tracking sector strength.
Woolworths holds firm in early ASX trade; RBA keeps rates steady
Woolworths closed at A$38.26 on Tuesday, up 0.03%, with no new price-sensitive disclosures. The S&P/ASX 200 ended almost flat at 8,917.70 after the Reserve Bank of Australia held rates at 4.35%. Woolworths’ recent filings were routine. Market attention remains on the company’s food sales and margin outlook.
Vault Minerals shares edge higher on Sugar Zone restart, Regis agreement draws attention
Vault Minerals closed at A$4.71 Tuesday, up 2.39%, with shares rising 13.77% in the past week. The company reported annual gold output of 306,542 ounces, below its FY26 guidance, and all-in sustaining costs above target at A$2,909 an ounce. Vault holds A$728 million in cash and bullion with no debt. An all-scrip takeover by Regis Resources will give Vault shareholders 0.6947 Regis shares per Vault share.
Sigma Healthcare holds firm after Boots exit, ASX traders look to Chemist Warehouse
Sigma Healthcare shares closed at A$2.81 Tuesday, up 0.36%, after the company ended talks to buy UK pharmacy chain Boots. The board said Boots no longer fits Sigma’s investment plans. Shares remain below last week’s A$2.92 finish despite Monday’s rebound. Sigma will focus on Australian growth and a smaller UK expansion through GreenLight Healthcare.
Stockland shares slip as RBA caution offsets Morgan Stanley retail deal
Stockland shares closed at A$4.26 on Tuesday, down 2.5%, ahead of the ASX cash market opening. The company finalised a convenience retail partnership with Morgan Stanley Real Estate Investing, initially valued at about A$250 million. The Reserve Bank of Australia kept the cash rate at 4.35% but warned of possible further hikes, adding pressure to property stocks.
Cochlear jumps from decade lows following UBS target cut, FY26 outlook still a concern
Cochlear closed Tuesday at A$106.86, up 2.31%, after touching A$108.27. UBS cut its price target to A$106, matching the current level, and kept a Neutral rating. The company’s full-year results are due August 18 after an April profit guidance cut. Shares have rebounded 20% from decade lows but remain down about 59% for the year.
Elevra Lithium shares jump before ASX 200 entry as Macquarie lifts rating
Elevra Lithium closed at A$13.10 on Tuesday, up 6.59%, ahead of its addition to the S&P/ASX 200 on June 22. Macquarie upgraded the stock to Outperform with a A$14.50 target. The shares have climbed nearly 19% in five days, despite weaker lithium prices. Elevra recently raised funds for project expansion through a share purchase plan and institutional placement.
Qantas edges to A$10 as softer fuel prices help ASX airlines
Qantas closed Tuesday at A$9.96, up 0.2%, after trading as high as A$10.10. No new company filings appeared between June 11 and June 17. Fuel costs remain a major risk, with Qantas forecasting second-half FY26 fuel expenses of A$3.1–3.3 billion. Preliminary FY26 results are due August 27.
Macquarie downgrade drags South32 and metals sector lower
South32 shares fell about 4.5% Tuesday, trading at A$4.26–A$4.27 before the ASX open, after Macquarie downgraded the stock to neutral from outperform. Macquarie raised its price target to A$4.60. South32 will report June quarter results July 20 and full-year results August 27. The company is advancing its Hermosa project in Arizona, with first production expected in late fiscal 2028.