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ASX:MOV 24 November 2025

Australian Stock Market Today: ASX 200 Rebounds Above 8,500 as Takeover Deals Spark Rally – 24 November 2025

Australian Stock Market Today: ASX 200 Rebounds Above 8,500 as Takeover Deals Spark Rally – 24 November 2025

The Australian share market kicked off the new trading week with a sharp rebound today, Monday 24 November 2025, as the S&P/ASX 200 jumped more than 1% and climbed back above the 8,500 mark. A wave of takeover news around Qube Holdings and Monash IVF, together with renewed hopes of a US Federal Reserve rate cut, helped power broad-based gains across industrials, technology, healthcare, miners and banks. CommBank+2MPC Markets -+2 By the close of trade in Sydney, the S&P/ASX 200 was up around 1.2–1.3%, finishing just above 8,520 points, according to multiple data providers. Commonwealth Bank’s market wrap put the benchmark at 8,518.6, while ABC’s live markets blog reported a gain of 1.3% to about 8,525 points. CommBank+2ABC+2
24 November 2025

Stock Market Today

  • Kratos Gains 4.6% as Backlog Mix Tilts Away From Drones
    June 30, 2026, 1:08 PM EDT. Kratos Defense & Security Solutions (NASDAQ:KTOS) jumped 4.6% as drone plays tracked gains in AeroVironment (NASDAQ:AVAV). Still, the stock faded from the open and session highs. Unmanned Systems now make up 22% of Q1 revenue and 19% of backlog, both down as Government Solutions fills more of the backlog and top line. Kratos is guiding for 2026 revenue of $1.7 billion to $1.76 billion, adjusted EBITDA between $170 million and $176 million, and free cash flow use in the $85 million to $105 million range. Management is looking to growth in missiles, engines, space and electronics as unmanned shifts to a smaller role in the mix.
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