Stock Market 18 May 2026 - 19 May 2026

Chemomab Drops After Board Changes and CEO Stock Purchase
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Chemomab Drops After Board Changes and CEO Stock Purchase

Chemomab Therapeutics’ shares fell 6.5% to $1.74 on Nasdaq Tuesday after a regulatory filing showed board changes, with Gwen Melincoff joining and two directors resigning. CEO Adi Mor George bought nearly $20,250 in shares last week. Cash stood at $8 million on March 31, enough to fund operations into early 2027. The company is advancing nebokitug for primary sclerosing cholangitis amid rising competition.
June 2, 2026
Elders Drops 23% in Sydney Despite Higher Profit as Investors React to Costs
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Elders Drops 23% in Sydney Despite Higher Profit as Investors React to Costs

Elders Limited shares plunged 22.92% to A$5.55 on Monday, despite a 33% rise in first-half underlying EBIT to A$76.6 million. Investors punished the company for higher technology and corporate costs, with underlying earnings per share down 4% and return on capital falling to 10.7%. The S&P/ASX 200 dropped 1.45% to a seven-week low. Regular ASX trading resumes Tuesday at 9:59 a.m. AEST.
May 19, 2026
South32 Drops in Early Trading Ahead of ASX After $100m Copper Plan Raises Cost Worries
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South32 Drops in Early Trading Ahead of ASX After $100m Copper Plan Raises Cost Worries

South32 closed at A$4.03, down 4.28% on Monday, as the S&P/ASX 200 fell 1.45% and materials stocks slumped. Sierra Gorda, 45% owned by South32, announced a $100 million, five-year copper exploration plan in Chile. Investors weighed the new copper push against ongoing cost concerns at South32’s Hermosa project in Arizona. The company also cut its fiscal 2026 production guidance.
May 19, 2026
Orica slips in dividend week, stock draws trader focus
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Orica slips in dividend week, stock draws trader focus

Orica shares fell 2.3% to A$22.52 on Monday as the S&P/ASX 200 hit a seven-week low. The stock is set to trade ex-dividend on May 21 for a 28.5-cent interim payout. Orica reported first-half EBIT up 5% to A$512 million and completed a A$500 million share buyback. Management cited a volatile external environment but maintained positive full-year guidance.
May 18, 2026
PLS shares stay at A$6 after ASX slump, lithium traders look to Tuesday
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PLS shares stay at A$6 after ASX slump, lithium traders look to Tuesday

PLS Group Limited closed at A$6.00 on Monday, down 0.17%, with a market value near A$19.33 billion. The S&P/ASX 200 dropped 1.45% to a seven-week low after profit warnings from Brambles and Elders. PLS reported an 86% jump in third-quarter spodumene concentrate output in April. Lithium carbonate prices in China slipped 0.26% on May 18 but remain up 11% for the month.
May 18, 2026
Telstra Stock Bucks ASX Rout as Buyback Tops A$1.12 Billion
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Telstra Stock Bucks ASX Rout as Buyback Tops A$1.12 Billion

Telstra shares closed up 0.56% at A$5.41 on Monday as the company disclosed a fresh buyback of 848,630 shares for A$4.57 million. The S&P/ASX 200 fell 1.45%, pressured by profit warnings from Brambles and Elders. Telstra has now spent about A$1.121 billion of its A$1.25 billion buyback program, which began in September 2025. The ASX cash market reopens Tuesday at 9:59 a.m. AEST.
May 18, 2026
Evolution Mining Stock Just Fell 4.6% — Why Tuesday’s ASX Open Matters
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Evolution Mining Stock Just Fell 4.6% — Why Tuesday’s ASX Open Matters

Evolution Mining shares closed down 4.56% at A$11.93 Monday amid a broad sell-off in Australian gold miners, with about 9 million shares traded. The stock is now well below its 52-week high of A$17.75. The S&P/ASX 200 fell 1.5% to 8,505.30, its weakest close since March 31. Gold miners dropped about 4% as investors questioned the outlook for bullion-driven earnings.
May 18, 2026
Fortescue slides with ASX mining stocks ahead of Tuesday open
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Fortescue slides with ASX mining stocks ahead of Tuesday open

Fortescue Ltd shares dropped nearly 3% to A$21.95 on Monday amid a broad selloff in Australian miners, pulling the S&P/ASX 200 to a seven-week low. BHP and Rio Tinto also fell, down 2.8% and 3.6% respectively. Brent crude traded above $110 a barrel, while Singapore iron ore slipped 0.3%. Fortescue’s only new filing showed State Street Corporation holding 5.02% of its shares.
May 18, 2026
CSL shares fall under A$100 with market wary on turnaround
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CSL shares fall under A$100 with market wary on turnaround

CSL Ltd shares closed down 1.78% at A$96.22 on Monday, extending losses after last week’s profit downgrade and planned impairments. The stock is now nearly 20% below its May 11 level. CSL expects about $5 billion in additional non-cash, pre-tax impairments over FY26 and FY27. The company cited weaker U.S. and China sales, Middle East conflict, and increased competition as key pressures.
May 18, 2026
FTSE 100 climbs as major oil stocks lift London, midcaps lag
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FTSE 100 climbs as major oil stocks lift London, midcaps lag

London’s FTSE 100 closed up 1.3% at 10,323.8 on Monday, led by gains in Shell and BP as Brent crude rose on Iran war supply fears. The FTSE 250 slipped 0.07%. UK-focused stocks lagged amid inflation concerns and political uncertainty over Prime Minister Keir Starmer’s future. Homebuilders fell despite higher asking prices, while banks rose after changes to ring-fencing rules.
May 18, 2026
CBA Bounces, but Australia Bank Rout Leaves Traders Asking What’s Next
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CBA Bounces, but Australia Bank Rout Leaves Traders Asking What’s Next

Commonwealth Bank of Australia shares rose 0.84% to A$160.74 Monday, bucking a 1.45% drop in the S&P/ASX 200. The gain followed last week’s record 10.43% one-day fall after CBA raised loan-loss provisions by A$200 million. CBA also named Professor Mary-Anne Williams its first Chief AI Scientist. The broader market hit a seven-week low as energy was the only sector to advance.
May 18, 2026
Aviva Stock Jumps as Direct Line Boost Gives FTSE Insurer Fresh Lift
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Aviva Stock Jumps as Direct Line Boost Gives FTSE Insurer Fresh Lift

Aviva shares rose 1.77% to 631.20 pence in late London trading Monday, outpacing the FTSE 100 after its Direct Line acquisition showed early gains. First-quarter general insurance premiums rose 19% to £3.4 billion, while retirement sales dropped to £1.1 billion from £1.8 billion. Legal & General shares edged up 0.15%. Analysts flagged risks from weaker retirement margins and market volatility.
May 18, 2026
BAE Systems Stock Bounces Back, But the Defence Trade Has a New Test
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BAE Systems Stock Bounces Back, But the Defence Trade Has a New Test

BAE Systems shares rose 1.84% to 1,884.50 pence in London Monday, partly rebounding from last week’s drop after news of U.S. space hardware deliveries. Trading volume reached 1.30 million shares by 14:54 BST. BAE confirmed it supplied components for the U.S. Space Force’s Next Generation Overhead Persistent Infrared Polar program, with the first payload on track for assembly before a 2028 launch.
May 18, 2026
Diploma Holds Near 52-Week High as Traders Wait for Earnings
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Diploma Holds Near 52-Week High as Traders Wait for Earnings

Diploma PLC shares edged up 0.07% to 6,725 pence in London on Monday, holding near recent highs ahead of half-year results and an interim dividend announcement due Tuesday. The stock remains about 8% below its 52-week peak after a March upgrade raised 2026 growth and margin targets. Nearby UK industrial stocks outperformed. Investors await confirmation that recent gains in aerospace and seals can continue.
May 18, 2026
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Stock Market Today

  • How to Value ANZ Banking Group Shares: PE Ratio and Dividend Discount Model Explained
    June 2, 2026, 6:00 PM EDT. The ANZ Banking Group (ASX: ANZ) share price trades near $34 amid strong market interest. Valuing ANZ shares can be approached using two primary methods: the price-earnings (PE) ratio and the Dividend Discount Model (DDM). ANZ's PE ratio stands at 15.8x, below the banking sector average of 18x, suggesting it may be undervalued relative to peers. The DDM offers a more robust valuation by factoring in consistent dividends and forecast growth, calculating share price based on dividends, expected growth, and risk. These tools help investors assess ANZ's fair value within Australia's financially dominant banking sector, which forms about one-third of the ASX market by capitalization.