Latest ASX (ASX:ASX) News

Small caps drove the week, with battery, resources and education names posting the biggest gains. Deal news, funding rounds and fresh drilling plans kept traders busy, while a few discounted raisings hit hard.

The week’s biggest finance moves came from capital structure changes, fresh funding and one very large private asset revaluation. Governance fights and merger work also kept investors busy.

ASX has settled ASIC proceedings over 2022 statements on its previous CHESS project, admitting to misleading the market with a 'progressing well' claim. The settlement includes a $20.5 million penalty and $3 million in legal cost contributions, pending Federal Court approval.

Speculative small caps drove the week, with Tasman Resources, Solis Minerals and Lithium Energy leading the board after funding, drilling and asset sale updates. At the other end, ASX Ltd and Arafura Rare Earths fell hard as investors reacted to higher costs and fresh equity issuance.

ASX Ltd sank, while Klevo and Judo Bank surged as investors split sharply between costly regulatory problems and clearer growth plans. Payments, retirement income and capital management drove the busiest finance stories of the week.

ASX Limited projects a significant 18-21% rise in expenses for FY27 driven by technology modernisation and regulatory response, while increasing capital expenditure guidance to up to $200 million.

Capital raisings, resource updates and Medicare news drove the week’s biggest share moves. The sharpest gains came from silver and tungsten juniors, while the heaviest fall came from a deeply discounted equity raising.

Capital raising news drove the biggest swings in finance stocks this week, with SPC Global collapsing after a deeply discounted offer and Klevo Rewards jumping on fast payment growth. Deal approvals, buybacks and dividend updates kept the rest of the sector busy, but investors stayed selective.

ASX has appointed Anthony Attia as its next Managing Director and CEO, bringing nearly 30 years of global exchange experience to guide the company through its ongoing transformation.

Finance stocks split into two camps this week: small caps with fresh cash or growth plans surged, while several larger names fell despite solid operating updates. The clearest pattern was simple. Investors paid up for visible growth, but sold hard where profit quality, capital or market-sensitive funds came into question.

ASX has successfully deployed Release 1 of its CHESS system, introducing a modern clearing platform designed to handle increased trading volumes and improve resilience. The rollout marks a key step in ASX's technology modernisation strategy, with Release 2 on track for 2029.

Big moves came from a surging property fintech, a wealth manager hit by regulators, and a buy-back name that couldn’t find buyers after a price gap. Policy changes also kept payments and market infrastructure in focus, with 2026 dates now doing real work for investors.