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ASX:BSL.AX 18 February 2026

Australia stock market today: ASX 200 retakes 9,000 as NAB hits record, BlueScope bid keeps deal talk alive

Australia stock market today: ASX 200 retakes 9,000 as NAB hits record, BlueScope bid keeps deal talk alive

The ASX 200 closed up 0.54% at 9,007 on Wednesday, driven by record gains in National Australia Bank after a strong quarterly update and a jump in TechnologyOne on upgraded guidance. Wage growth held steady at 0.8% for the quarter. Investors await U.S. Federal Reserve minutes later in the day. BlueScope Steel traded below a raised takeover offer, signaling skepticism about the bid.
18 February 2026
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Stock Market Today

  • Okuma (TSE:6103) Share Price Rally Seen Amid Valuation Debate
    April 1, 2026, 9:33 AM EDT. Okuma (TSE:6103) surged 6.8% in one day to ¥3,750 after a month-long 19.1% drop, with a mixed 3.3% rise over three months. The stock returns 16.7% over one year and 41.7% over three, outperforming peers in the industrial sector. Valuation is contested: Okuma trades at a 21.1 times price-to-earnings ratio (P/E), above the industry average of 13.8, signaling a premium despite forecasts of 19% annual earnings growth. Meanwhile, a discounted cash flow model suggests a 53% undervaluation at current prices. Investors face risk from earnings misses or slowing machinery demand, making Okuma's long-term outlook unclear amid divided valuation metrics.
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