Uranium – The prospect of Japan restarting nuclear power led to a rally of Uranium stocks listed on the ASX. Paladin energy surged 11.6 per cent, Energy resources Australia added 8.2 per cent.
Qantas – Qantas has seen its share price rise more than 11% this week after a better than expected result which delivered a $400 million share buyback. However, questions still remain whether these results are sustainable with sick staff and rising fuel prices.
Acquisition – Perpetual limited, One of Australia’s largest fund managers, has lodged an offer to purchase Pendal in what would create a $201 billion investment firm. Perpetual is down about 9% for the week while Pendal has rallied about 12%.
Pilbara – ASX listed Pilbara Minerals has increased by about 20% this week after they released their Financial year 2022 results which surprised investors. Re-ratings from analysts also helped the company higher.
Altium – Local tech company Altium (ASX:ALU) also released impressive results with revenue growth of 23% and Net Profit growth of 57% with a full year dividend of 47 cents per share.
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