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Stock Market News 21 January 2026

Macquarie share price slips after MQG buyback update as traders line up next catalysts

Macquarie share price slips after MQG buyback update as traders line up next catalysts

Sydney, January 21, 2026, 17:26 AEDT — Market closed Shares of Macquarie Group Ltd (MQG.AX) slipped 0.5% to close at A$205.85 on Wednesday, hitting a low of A$204.18 during the session. Investors appeared cautious amid new capital-management filings and a separate report on credit-risk hedging. (Intelligent Investor) This matters because Macquarie’s stock now serves as a live gauge for two key factors: the speed at which the bank returns excess capital, and its handling of credit risk amid the rise of private credit and fluctuating interest rates. A buy-back is straightforward: the company repurchases its own shares, reducing the total
Wesfarmers share price falls 2.7% — what investors watch before February results

Wesfarmers share price falls 2.7% — what investors watch before February results

Sydney, January 21, 2026, 17:28 AEDT — The market has closed. Wesfarmers Ltd (WES.AX) saw its shares drop 2.65% on Wednesday, closing at A$81.12. This decline leaves the retail giant on the defensive as it heads into the next trading day. (Wesfarmers) The market is closed for now, but the stock still has two near-term catalysts: a half-year update due Feb. 19 and ongoing fallout from management issues at a major Priceline Pharmacy franchise group. Wesfarmers announced in an ASX filing that it will release its 2026 half-year results on Thursday, Feb. 19, with an analyst briefing scheduled for 10:00
Paladin Energy shares hit a 52-week high after uranium output jump — here’s what’s next

Paladin Energy shares hit a 52-week high after uranium output jump — here’s what’s next

Sydney, Jan 21, 2026, 17:38 AEDT — Market closed. Paladin Energy Ltd’s shares jumped 12.9% to A$13.14 on Wednesday, reaching their highest level in a year. The uranium miner’s solid December quarter results refocused attention on its Langer Heinrich mine ramp-up in Namibia. The S&P/ASX 200 index slipped 0.37%. (Investing.com) This matters since Paladin has turned into a key benchmark for seeing if restarted uranium mines can boost output without derailing costs or timelines. Traders often view quarterly production figures as a firm reality check on the story. Uranium stocks have jumped sharply this month, reacting to even minor shifts
Evolution Mining share price hits record as EVN cuts cost guidance after cash-flow surge

Evolution Mining share price hits record as EVN cuts cost guidance after cash-flow surge

Sydney, Jan 21, 2026, 17:23 AEDT — Market closed. Evolution Mining Ltd jumped roughly 9.5% Wednesday, buoyed by a forecast of record cash flow and falling costs. The Australian gold miner’s shares settled at A$14.79, having hit an intraday high of A$14.855, according to delayed pricing data. (Intelligent Investor) The update came as funds continue pouring into gold, which recently hit new record highs. Investors are favoring miners able to keep costs low amid price swings. “Gold has surged deeper into uncharted territory as investors hedge against rising political risk,” said Fawad Razaqzada, market analyst at City Index and FOREX.com.
PLS Group (ASX:PLS) share price jumps after lithium bid returns; what to watch next

PLS Group (ASX:PLS) share price jumps after lithium bid returns; what to watch next

Sydney, Jan 21, 2026, 17:25 AEDT — After-hours PLS Group Limited shares climbed 4.4% to A$4.95 in Sydney on Wednesday, recovering from early dips as buyers stepped back into lithium-related stocks. The price fluctuated between A$4.77 and A$4.95, compared to a previous close of A$4.74. (Intelligent Investor) This move is significant since PLS ranks as the ASX’s largest pure-play lithium producer by market value. Its quarterly results usually influence the entire sector’s mood. After weeks of jittery trading, investors are returning to battery metals, with PLS leading the charge. The move came as the broader market dipped, but resources managed
Telix stock price slides 8% as investors digest FY25 revenue update and China Illuccix filing

Telix stock price slides 8% as investors digest FY25 revenue update and China Illuccix filing

Sydney, Jan 21, 2026, 17:33 AEDT — Markets have closed for the day. Telix Pharmaceuticals shares dropped 7.7% on Wednesday, settling at A$10.61. The decline came as investors digested a new quarterly update alongside a regulatory move in China related to its prostate cancer imaging business. (Google) This move is significant as Telix’s valuation remains heavily dependent on growth in its commercial scans, even as the market watches closely for progress in its broader pipeline, which has faced regulatory hurdles in the United States. Late Tuesday, Telix reported unaudited full-year group revenue of roughly US$804 million, matching its upgraded forecast.
BHP share price rebounds after China iron ore talks, potash cost jump rattles investors

BHP share price rebounds after China iron ore talks, potash cost jump rattles investors

Sydney, Jan 21, 2026, 16:51 AEDT — Market closed. BHP Group (BHP.AX) shares ended Wednesday 1.47% higher at A$48.48, bouncing back after losing 1.99% on Tuesday. The stock fluctuated between A$47.25 and A$48.50 throughout the session. (Investing.com) The rebound came after BHP’s latest operating update sparked a sharp selloff. The company warned of price concessions on certain iron ore sales amid talks over a 2026 supply deal with China Mineral Resources Group (CMRG), the state-backed buyer. RBC analyst Kaan Peker noted these restrictions could “likely tighten spot market availability and support the headline index price,” despite BHP having to offer
CSL share price slips after close as RBC upgrade turns focus to Feb. 11 results

CSL share price slips after close as RBC upgrade turns focus to Feb. 11 results

Sydney, Jan 21, 2026, 16:51 AEDT — After-hours update. CSL Ltd shares slipped 0.33% on Wednesday, closing at A$176.11. The drop trimmed gains made since early January lows as investors balanced renewed broker backing against ongoing volatility in risk assets. With a market cap near A$85 billion, CSL’s stock still trades well under last year’s highs. (Intelligent Investor) CSL’s move carries weight, given it’s among Australia’s most widely held healthcare stocks and a significant index component. Changes in sentiment here often send ripples across local portfolios. With reporting season looming, investors are now focused squarely on the upcoming update covering
Fortescue share price rises as FMG investors eye quarterly report and iron ore jitters

Fortescue share price rises as FMG investors eye quarterly report and iron ore jitters

SYDNEY, Jan 21, 2026, 17:02 AEDT — The market has closed. Fortescue Ltd (FMG.AX) shares climbed 1.7% to close at A$22.64 on Wednesday, recovering slightly after a weak period for iron ore-related stocks ahead of the miner’s upcoming production report. The day’s trading saw the stock fluctuate between A$22.13 and A$22.76. Meanwhile, BHP Group rose 1.5% and Rio Tinto added 2.6%. (Google) This move is significant since Fortescue’s profits remain heavily tied to iron ore — the key steelmaking ingredient that fluctuates with China’s construction activity and changes in steel production. When iron ore prices drop, Fortescue typically takes a
Northern Star share price rises 2% after cost-guidance hike, with investors eyeing next update

Northern Star share price rises 2% after cost-guidance hike, with investors eyeing next update

Sydney, Jan 21, 2026, 17:04 AEDT — Market closed. Northern Star Resources (NST.AX) closed Wednesday 2.0% higher at A$28.54, trading within a range of A$28.04 to A$28.76. The stock stayed near its 52-week high throughout the session. (Investing.com) On Tuesday, the Australian gold miner raised its fiscal 2026 all-in sustaining cost (AISC) forecast to A$2,600-A$2,800 an ounce, up from the previous A$2,300-A$2,700 range. It cited reduced gold sales and increased royalties driven by higher bullion prices. The company said it now had sufficient data to take a “reasonably certain view” on the impact, while maintaining sustaining capital guidance at roughly
Lynas Rare Earths share price jumps after quarterly numbers; floor-price talk returns

Lynas Rare Earths share price jumps after quarterly numbers; floor-price talk returns

Sydney, Jan 21, 2026, 16:52 AEDT — Market closed. Lynas Rare Earths Ltd (ASX: LYC) shares jumped 6.7% Wednesday to close at A$16.27, boosted by a strong quarterly revenue surge driven by rising rare-earth prices. (Google) The rally comes amid a hot policy debate shaking the sector. “We don’t need governments to buy our product,” CEO Amanda Lacaze told analysts. This as Australia and others mull price supports to back non-Chinese supply chains. (Reuters) Rare earths power the magnets in electric vehicles, wind turbines, and defense equipment. China remains the main player in refining and controls benchmark prices, meaning even
ANZ share price drops 2% as risk-off hits Australian banks; CPI and RBA loom

ANZ share price drops 2% as risk-off hits Australian banks; CPI and RBA loom

Sydney, Jan 21, 2026, 16:52 AEDT — Market closed. ANZ Group Holdings (ANZ.AX) slipped 2.1% to close at A$36.17 on Wednesday. The shares have dropped roughly 3% over the last two days, moving in a range from A$36.06 to A$36.76 on a turnover of around 3.43 million shares. (Investing.com) The pullback is significant since Australia’s major banks hold central roles in local portfolios and index weightings. Rate bets have shown signs of faltering once more. As key inflation figures and central bank meetings near, investors are quicker to trim positions on dips, holding fire ahead of upcoming data releases. The

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Carvana stock jumps 5% to $403.67 — here’s what CVNA traders are watching next

Carvana stock jumps 5% to $403.67 — here’s what CVNA traders are watching next

7 February 2026
Carvana shares rose 5.21% Friday to $403.67, rebounding after recent volatility sparked by a short-seller report from Gotham City Research. The company denied allegations of overstated earnings and undisclosed ties to DriveTime. Carvana will report Q4 and full-year 2025 results after markets close on Feb. 18. The January U.S. CPI report is scheduled for Feb. 13.
Confluent stock hugs IBM’s $31 bid — here’s what investors watch next week

Confluent stock hugs IBM’s $31 bid — here’s what investors watch next week

7 February 2026
Confluent shares closed at $30.57 Friday, 43 cents below IBM’s $31-per-share cash offer, ahead of key events next week. The company will report earnings Feb. 11 without a call or outlook, and shareholders vote on the merger Feb. 12. Confluent disclosed 17 demand letters and two lawsuits over proxy disclosures but denies wrongdoing. The IBM deal values Confluent at $11 billion.
BitMine Immersion (BMNR) stock whipsaws with ether — what to watch before Monday

BitMine Immersion (BMNR) stock whipsaws with ether — what to watch before Monday

7 February 2026
BitMine Immersion Technologies shares rose 16.8% to $20.32 Friday after a 14.3% drop Thursday, tracking sharp swings in ether and bitcoin. Trading volume hit 54 million shares. The company held over 4.2 million ether and 193 bitcoin as of Feb. 1, with nearly 2.9 million ether staked, according to an SEC filing. Crypto price moves over the weekend are expected to drive Monday’s open.
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