Xero Surges 8% as PEXA Crashes on FY27 Outlook
ASX TradeMatch · continuous normal trading
Tech rebound masks a brutal results-season split
The ASX 200 is recovering part of Thursday’s inflation-led sell-off. Xero and WiseTech are riding the Nvidia rebound; PEXA has fallen to a record low after cautious FY27 guidance.
Market shape
Risk-on, narrow
9,038.20High
9,076.8011:02
9,075.20
The benchmark has recovered about 41% of Thursday’s 89.6-point loss. Technology leads; energy and banks are positive, while materials are mixed.
- Tech: Xero +8.39%, WiseTech +5.74%, Pro Medicus +3.89%.
- Financials / energy: CBA +0.79%, Woodside +0.81%, Santos +1.30%.
- Materials: BHP +0.12%, Rio Tinto −1.13%.
Leaders & laggard
Live quotes
Prices observed between 10:30 and 10:54 AEST. PEXA volume was 1.81m shares versus a 553k average; intraday low A$6.42.
Xero · A$88.58
+8.39%
Global tech beta, not a new company result. Xero is the strongest large-cap beneficiary of the Nasdaq rally after Nvidia forecast FY27 revenue growth of about 70%, well above consensus.
Live · 10:40 AEST · range A$83.04–A$89.54 · volume 428.7k
PEXA · A$6.51
−19.53%
Better FY26, weak FY27 set-up. Revenue rose 7% to A$406.9m and NPATA rose 35% to A$65.3m. Guidance of A$385–415m revenue and A$5–20m NPAT exposes transaction-volume, regulated-fee and UK execution risk.
Live · 10:54 AEST · record-low A$6.42 · volume 3.3× average
What changed in the latest hour
10:34 → 11:33
01Banks joined the rebound. CBA is now +0.79%, removing the bank weakness visible near the open.
02PEXA became the reporting-season shock. Its slide deepened to nearly 20% on unusually heavy volume.
03Tech leadership held. Xero, WiseTech and Pro Medicus remain the clearest index support.
Investor map
- Bull case
- Tech breadth expands, CBA holds its rebound and the ASX 200 sustains 9,077.
- Bear case
- The rally stays concentrated, PEXA’s guidance shock spreads and the index loses 9,038.
- Watch
- AUD near US$0.72; Brent at US$88.85; RBA repricing after Thursday’s inflation surprise.
Next catalysts
- Through the afternoonWhether 9,077 caps the recovery; results-season liquidity around PEXA.
- Overnight AESTFed Chair Kevin Warsh at Jackson Hole; US rate and tech follow-through.
- Next weekAustralian activity data and the market’s RBA-rate path after the CPI shock.
ASX Rebounds as Tech and Energy Offset Bank Weakness
LIVE SESSION · ASX TRADEMATCH CONTINUOUS TRADING
Opening rebound holds as tech and energy offset bank weakness
The ASX 200 remains modestly positive after Thursday’s inflation-led sell-off. Nvidia’s Wall Street rally is helping technology, higher oil is supporting energy, and the rate outlook is capping the banks.
28 AUG 2026
10:34:50 AEST
UTC+10 · Sydney
Early gain survives a brief fade
What changed: the benchmark opened at Thursday’s close, reached 9,061.20 by 10:03, slipped to 9,052 at 10:15, then recovered to 9,060.00 by 10:29.
Energy firm; materials split
10:04:52 AEST
| Stock | Price | Move |
|---|---|---|
| Woodside WDS | A$32.37 | +1.16% |
| Fortescue FMG | A$17.87 | +0.96% |
| BHP BHP | A$66.57 | +0.26% |
| CommBank CBA | A$154.64 | −0.21% |
| Rio Tinto RIO | A$177.51 | −0.67% |
BHP is a direct quote; peers are the related-stock snapshot displayed with it. Qantas was A$9.62, down 0.36%, at 10:11 AEST.
NEXTDC scales with AI infrastructure demand
Revenue and underlying EBITDA cleared management’s guidance. No verified live NXT price was available at the dashboard cutoff, so the price is omitted.
Near 10:15 AEST. Currency strength tightens conditions at the margin.
Supportive for energy equities; an inflation risk for the wider market.
Firm but not the main driver of the opening move.
Inflation keeps the rate tail-risk alive
- Headline CPI: 3.5% year on year in July.
- Trimmed mean: 3.6%, reinforcing concern that domestic inflation is sticky.
- Transmission: firmer oil and AUD strength create a mixed read for margins and the policy path.
- Market tell: banks are failing to join the rebound while growth stocks benefit from the Nvidia lead.
Virgin Australia FY26 briefingScheduled market presentation; guidance and fuel commentary matter for transport names.
Normal cash trading endsWatch whether the rebound broadens beyond tech and energy.
Closing single-price auctionFinal institutional imbalances set the official close.
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