ASX's Trading Volumes Likely to Moderate From Strong March -- Market Talk

Dow Jones
Apr 09

Australian Securities Exchange's trading volumes jumped close to record highs in March, but this isn't enough to shift Citi from its neutral view of the stock. Cash equities achieved the second-highest month on record while futures trading reached a new all-time high, according to analyst Nigel Pittaway. Citi lifts its FY26 EPS forecast by 3% in response. Its FY27 and FY28 EPS forecasts each rise by 1%. Citi anticipates solid but moderating volumes ahead. "To us, ASX's core business is performing well with stronger-than-expected top-line growth while the valuation is relatively undemanding (20x price-to-earnings)," Citi says. "However, a new CEO is yet to be appointed while the uncertainty regarding FY27/28 costs and future commitments persist." ASX ended Wednesday at A$53.88. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

April 08, 2026 18:22 ET (22:22 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10