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ASX shares jump after upbeat outlook for new listings demand
ASX said it listed 100 new entities in the 12 months through June, up 45% year over year, and reaffirmed its capital spending guidance.
ASX Ltd. shares surged 9%, capping its best day in six years, after the exchange operator said it expects buoyant demand for new listings. The rally comes ahead of Anthony Attia’s start as chief executive officer on Sept. 1.
In a statement, interim CEO Darren Yip pointed to a strengthening pipeline, calling it the strongest in several years and linking recent listings data to a return to higher activity. ASX also said it listed 100 new entities in the 12 months through June, up 45% from the prior year.
Financially, ASX reported net income of A$484.9 million, down 3.5%, while revenue rose 13% and total expenses increased 21%. The company declared a final dividend of A$1.047, down from A$1.121 a year earlier, and reaffirmed its capital spending guidance.
ASX said it expects to spend A$170 million to A$190 million in the fiscal year starting July 2027, following a May outlook boost that had driven a prior selloff. Investors are also watching progress on an upgrade to its clearing and settlement systems, with completion expected in 2029, amid regulatory scrutiny and after a December 2024 outage.