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ASX Tech Weekly: GCM Soars, Objective Sinks, Raisings Keep Flowing

11:30am on Saturday 4th of July, 2026 AEST MARKET NEWS
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ASX Tech Weekly: GCM Soars, Objective Sinks, Raisings Keep Flowing

11:30am on Saturday 4th of July, 2026 AEST
Key Points
  • GCM led gains with a 🟢 42.86% jump after a thermal technology development deal.
  • Objective was the week’s heaviest faller, down 🔴 35.65% after losing a 25-year Defence support contract.
  • Capital raising activity stayed heavy, with Megaport, Archer, ClearVue, HITIQ and Excite all tapping investors.
  • AI, drones and quantum computing stayed active growth areas, with updates from ikeGPS, Nanoveu, FortifAI and Archer.
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