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ASX:SGH.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

Sydney, Feb 19, 2026, 01:00 AEDT — The session’s finished. Australian shares closed higher on Wednesday, with the S&P/ASX 200 climbing 0.54% to end at 9,007.0, reclaiming the 9,000 mark. National Australia Bank surged to a record on upbeat bank earnings, and tech names led the advance. Materials ended as the lone sector in the red.

Stock Market Today

  • BCE, Telus weigh AI spending against TSX dividends
    June 29, 2026, 9:24 PM EDT. BCE and Telus are putting more money into AI infrastructure, a move that is hitting dividends for both TSX telecoms. BCE committed $1.3 billion to a new AI data centre, looking for $500 million in annual revenue and $250 million free cash flow from it, but said it would cut its 2025 dividend by 56%. The company is now focusing on deleveraging and keeping its payout manageable over chasing dividend growth. Telus is targeting over $66 billion for AI projects in five years, which could push back its aim for 10% free cash flow growth and cutting debt by 2028. Telus has kept up dividends but hasn't seen its stock rally like BCE. Both are facing tight dividend growth as they shift spending to AI and focus on the balance sheet.
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