PLS Group share price slides on cost jump, Ngungaju restart talk jars investors

PLS Group shares ended down 6.5% at A$4.29 on Friday, giving back early gains after the lithium producer flagged higher unit costs and a possible restart of an idled processing plant at its Pilgangoora operations.

ASX 200 hits 11-week high as banks rebound and tech rallies in Australia stock market

ASX 200 hits 11-week high as banks rebound and tech rallies in Australia stock market

Australia’s top share index edged up Friday, boosted by gains in banks and tech stocks, while energy and materials took a hit. The S&P/ASX 200 finished 0.48% higher at 8,903.9, with the All Ordinaries rising 0.46%. Technology rallied 1.17%, and financials climbed 0.99%. Westpac jumped 1.8% to A$39.19, Macquarie gained 2.6% to A$211.86. Meanwhile, lithium players like Pilbara dropped 3.1%, dragged down by a roughly 9% fall in China’s benchmark lithium carbonate futures from settle to close.

US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong Buy

NVIDIA

94/100
#2 Strong Buy

Meta Platforms

89/100
#3 Buy

Alphabet

87/100
#4 Buy

Amazon

84/100
#5 Selective Buy

Microsoft

80/100
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Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

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Times and estimates may change. Verify before trading.