Australia's ASX gains on interim CEO appointment; UBS ups PT, rating

ASX

30/04/2026 05:52

Updates

** ASX ASX.AX rises as much as 5.3% to A$60.980, highest since September 23

** Boure operator appoints insider Darren Yip as interim CEO, effective May 29

** Yip, current group executive for markets and listings, will take over from MD, CEO Helen Lofthouse, who announced her departure in February

** ASX has faced regulatory scrutiny in recent years following series of operational issues

** UBS lifts its price target
to A$65.20 from A$58.85 and upgrades the stock to 'buy'

** Brokerage upgrades view on co's EPS in FY27-FY28, seeing a rise of 6%, citing higher sustainable volumes based off their future regression model

** Adds co's new equity post-trade revenue model drives robust upside even if equity turnover reduces

** YTD, ASX up ~18%

(Reporting by Rajasik Mukherjee, Anjali Singh in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))