While the S&P/ASX 200 Index (ASX: XJO) is trading slightly lower today, select ASX-listed stocks are surging. Let’s break down what’s driving strong performance from Mac Copper, Pro Medicus, Web Travel, and Yancoal.
Mac Copper shares jumped 20% to $18.64 following news of an acquisition offer from Harmony Gold Mining Company (NYSE: HMY). The US$12.25 (A$18.93) per share bid values the copper miner at approximately A$1.6 billion. With board backing and early shareholder support, the offer reflects a 20.7% premium to the previous close, fueling today’s rally.
Pro Medicus shares rose nearly 3% to $286.12 on the back of a strong showing by tech stocks. A rally on the Nasdaq overnight has lifted sentiment across the ASX technology sector, with the All Technology Index rising 1.5% as well.
Web Travel’s stock climbed 13% to $5.27 after releasing upbeat FY25 results. The business travel company reported a 22% increase in total transaction value (TTV), alongside encouraging outlook comments. CEO John Guscic stated FY26 has started strongly, with TTV up 37% and bookings rising 29% compared to last year. The company is aiming for record EBITDA and a $10 billion TTV milestone by FY30.
Yancoal shares advanced 2.5% to $5.37 after the company’s AGM update. Management reaffirmed operational guidance for 2025 and highlighted its robust balance sheet, with $1.8 billion in cash and no interest-bearing debt. Even with coal prices under pressure globally, Yancoal believes its low-cost operations are well-positioned to weather the cycle.
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Disclaimer: Pristine Gaze Pty Ltd trading as Pristine Gaze (ABN 66 680 815 678) and (ACN 680 815 678) is a Corporate Authorised Representative (CAR No. 001312049) of Alpha Securities Pty Ltd (AFSL 330757). The information provided is general information only. Any advice is general advice only. No consideration has been given or will be given to individual objectives, financial situation, or specific needs of any particular person or organisation. The decision to engage our services and the method selected is a personal decision and involves inherent risks, and you must undertake your own investigations and obtain independent advice regarding suitability for your circumstances. Past performance, examples, or projections are not indicative of future results. While we strive to provide accurate information, we make no guarantees regarding the accuracy or completeness of our materials. The website may also contain links to third-party websites or resources, for which Pristine Gaze is not responsible. All content and intellectual property on the Pristine Gaze website, including but not limited to text, graphics, logos, and images, are the property of Pristine Gaze and are protected by applicable copyright and trademark laws. By accessing or using the Pristine Gaze website, you acknowledge and agree to the terms of this disclaimer. Please read our Terms and Conditions ,Privacy Policy and Financial Service Guide for further information.Please read our Terms and Conditions, Privacy Policy and Financial Service Guide for further information.
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