• Aussie shares lifted on Friday, up around half a percent for the week
  • Financial tech, and lithium stocks led
  • The G-7 meeting is underway now in Hiroshima


The ASX 200 lifted by 0.6% on Friday, taking its gains to around half a percent for the week.

Financials and Tech stocks led the way, while Utilities stocks lagged.

 Xero (ASX:XRO) led the Tech agains, extending its rally by 5% today after announcing revenue growth of 28% for the full year yesterday.

Lithium stocks continued their ascent as price predictions turn bullish. Citi has forecast lithium prices to rise by 25-40% by year end.

Qantas (ASX:QAN) says it will return more aircraft to service and rapidly lift international capacity faster. The QAN share price was up 0.5%.

Meanwhile, Flight Centre (ASX:FLT) founders have reduced their shares in the business from 20.2% to 6.2%. The company disclosed today that the reduction is due to co-founders Geoff Harris and Bill James losing rights to an interest in FLT managing director Graham Turner’s shares as the third founder. The FLT share price was up +0.15%.


Nikkei highest since 1990

The Japanese Nikkei 225 index rose 1% today and hit a 33-year high. Analysts believe the Japanese market has been cheap for a very long time, as Yen touched its lowest level this year.

Elsewhere, Elon Musk’s lawyer has reportedly sent a letter to Microsoft, claiming that Microsoft had accessed Twitter’s data for unauthorised purposes.

According to a note sent to Bloomberg, the letter said Microsoft may have been in violation of multiple provisions of its data agreement with Twitter “for an extended period of time”.

Ukraine President Volodymyr Zelenskiy will travel to Hiroshima to join the Group of 7 leaders in person, according to a report, after a brief visit to Saudi Arabia. The G-7 nations are expected to ramp up pressure on Russia with new sanctions.



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Code Name Price % Change Volume Market Cap
ASB Austal Limited 2.00 25.39 6,548,358 $578,094,791
AUB AUB Group Ltd 27.68 7.04 403,452 $2,625,579,195
CXO Core Lithium 1.18 6.56 19,772,276 $2,053,661,057
SNZ Summerset Grp Hldgs 8.52 6.50 806 $1,863,783,000
IAG Insurance Australia 5.18 4.33 8,487,650 $12,151,548,893
XRO Xero Ltd 106.46 3.87 504,943 $15,482,848,118
SQ2 Block 89.46 3.55 109,149 $2,586,893,520
AKE Allkem Limited 15.84 3.53 3,961,599 $9,756,168,716
VUK Virgin Money Uk PLC 2.90 3.20 1,890,348 $1,970,493,333
DHG Domain Holdings Aus 3.45 3.14 780,753 $2,109,734,891
LFG Liberty Fin Group 3.78 3.00 19,684 $1,114,960,214
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Shipbuilder Austal (ASX:ASB) soared 24% after being awarded a US$113.9m fixed-price contract to deliver the Auxiliary General Ocean Surveillance Ship T-AGOS 25 Class for the United States Navy. The contract includes options for detail design and construction of up to seven T-AGOS 25 class ships which, if exercised, would bring the cumulative value of the contract to US$3.19 billion.

Insurance company AUB Group (ASX:AUB) rose 7% after announcing the successful completion of its institutional placement of new fully paid ordinary shares to raise $150 million as announced on 18 May. The placement bookbuild was significantly oversubscribed, said AUB.

Core Lithium (ASX:CXO) lifted 6% after its Board approved expenditure for early-works for the BP33 underground project at the Finnis mine. In parallel, the BP33 project has received all mine authorisation approvals from the Northern Territory Government. Final investment decision for BP33 is expected by end Q1 CY24.

AMP (ASX:AMP) rose 1% as it acknowledges today’s decision by the Federal Court to issue a penalty to AMP for $24 million for charging fees to deceased customers, in a case brought to court by ASIC.



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Code Name Price % Change Volume Market Cap
WHC Whitehaven Coal 6.86 -4.39 5,568,594 $6,262,048,266
NUF Nufarm Limited 5.85 -3.31 536,995 $2,301,867,882
NHC New Hope Corporation 5.10 -3.23 4,046,019 $4,649,560,144
WBT Weebit Nano Ltd 5.56 -2.80 942,674 $1,065,805,386
NEU Neuren Pharmaceut. 14.09 -2.80 289,545 $1,833,936,645
CDA Codan Limited 7.31 -2.79 188,375 $1,362,384,067
WLE WAM Leaders Limited 1.47 -2.33 498,978 $1,882,236,195
CRN Coronado Global Res 1.46 -1.85 1,067,533 $2,489,533,789
DEG De Grey Mining 1.36 -1.81 1,033,423 $2,162,216,177
CMM Capricorn Metals 4.12 -1.79 328,945 $1,575,264,753
NCM Newcrest Mining 27.04 -1.71 2,536,511 $24,600,287,437
RRL Regis Resources 2.05 -1.68 2,783,846 $1,570,453,924
YAL Yancoal Aust Ltd 5.33 -1.66 1,034,830 $7,156,781,749
AGL AGL Energy Limited. 8.86 -1.56 889,743 $6,054,725,097
DBI Dalrymple Bay 2.54 -1.55 671,148 $1,279,065,101
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Allianca Aviation Services (ASX:AQZ) dropped almost 3% after announcing that it has received option calls from Qantas to increase the number of aircraft in service on wet lease operations from 18 to 22, with a further eight options yet to be called.