Codan Stock Hovers Near Peak, Traders Stay Alert on ASX
Codan Limited closed Tuesday at A$43.85, near its record high, after rising 0.34% while the S&P/ASX 200 fell 0.24%. Shares have surged 54.29% in 2026 and 118.27% for the financial year, driven by strong results in both communications and metal detection. No new filings have been released since May. Analysts warn that high valuations leave little room for error if margins or sales falter.