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Finance stocks split as raisings rattle some and deal news lifts others
11:33am on Saturday 16th of May, 2026 AEST
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MARKET NEWS
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Finance stocks split as raisings rattle some and deal news lifts others
11:33am on Saturday 16th of May, 2026 AEST
Key Points
SPC Global (ASX:SPG) slumped 🔴 66.67% after launching a A$100 million equity raise at 10 cents a share.
Klevo Rewards (ASX:KLV) climbed 🟢 34.62% as Fly Wallet transaction values surged 164% from a year earlier.
Sequoia Financial Group (ASX:SEQ) fell 🔴 12.12% after delaying its interim dividend amid an ASIC-linked court dispute.
Navigator Global Investments (ASX:NGI) opened a fully underwritten A$145 million entitlement offer to fund a US$195 million acquisition.
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