Macquarie shares buck weak ASX as investors eye Qube deadline and May results

Macquarie shares buck weak ASX as investors eye Qube deadline and May results

Sydney, January 6, 2026, 17:18 (AEDT) — Market closed.

  • Macquarie Group rose about 1.7%, outpacing a falling ASX 200. 1
  • Investors are looking toward the next deal catalysts, including the Feb. 1 exclusivity deadline on Macquarie’s bid for logistics group Qube. 2
  • Key watchpoints include a break above the 207 area and updates on earnings momentum ahead of the firm’s next annual reporting window in May. 1

Macquarie Group shares ended Tuesday up 1.68% at A$206.76, outperforming a broader market that finished lower. 1

The gain mattered because it came as the benchmark S&P/ASX 200 slipped 0.52%, underscoring selective buying in the financials-heavy tape after the holiday lull. 1

With no fresh company filing in the past two days, traders pointed to positioning and catalyst-watching rather than headline-driven flow, as investors return to desks and reset risk into January.

Macquarie remains a bellwether for sentiment toward investment banks and asset managers in Australia, with earnings still closely tied to market conditions in its commodities and global markets unit and fee generation in asset management. 3

The company last reported on November 6, when it posted a 3% rise in first-half net profit to A$1.66 billion, but fell short of analyst expectations and leaned on a continuing share buyback. 3

On the chart, Tuesday’s range ran from A$204.12 to A$207.08, leaving the 207 area as a near-term ceiling and last session’s A$203.35 close as the most immediate reference point for support. 1

A clean break above Tuesday’s high would put the stock back on the doorstep of the 208 level, while a slip through the 203–204 zone would risk unwinding this week’s rebound. 1

One risk for bulls is that Macquarie is still navigating regulatory scrutiny: Reuters reported in December that the group agreed to pay a A$23 million penalty over misreporting short sales. 4

Deal timing is also on watch. Macquarie’s approach to buy Qube has an exclusivity period set to end on February 1, a date investors may treat as the next tangible marker for progress — or failure — on a high-profile transaction. 2

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