Megaport Shares Head Into Key Week as AI Cloud Move Lifts ASX
Megaport Ltd is set to open on Tuesday at the ASX after closing out last week with an 11.26% gain to A$18.48. Shares jumped on Friday, ahead of the King’s Birthday break. That move came as the S&P/ASX 200 dropped 0.70% to 8,625.10. Megaport’s rise caught attention in a weak market. The stock didn’t trade on Monday. The ASX marks June 8 as a King’s Birthday holiday in its 2026 calendar, closing the cash market with no settlement. ASX cash markets usually trade from just before 10 a.m. to 4 p.m. in Sydney.