Aurizon’s Rally Near a 52-Week High Faces a Four-Day ASX Test
Aurizon Holdings Ltd will enter Tuesday’s reopen near a one-year high after a stronger week than the broader Australian market, with the ASX shut on Monday for the King’s Birthday public holiday. The rail freight operator last traded at A$4.30 on June 5, down 0.7% on the day but up 2.6% over seven days and just below its 52-week high of A$4.33. That outperformance matters now because the wider market went the other way. The S&P/ASX 200, Australia’s benchmark index of large listed companies, fell 0.7% on Friday and lost 1.2% for the week, its first weekly decline in three weeks, as investors cut risk before the long weekend and watched global rate and geopolitical headlines.
