To The Moon

Full story: https://grafa.com/en/news/australia/asx-200-smashes-record-high-to-hit-9-213 The S&P/ASX 200 index reached a record high of 9,213 points in morning trading. The index surpassed its previous late February peak following broad-based market gains. Investor positioning ahead of major bank reporting season helped drive the market advance. The S&P/ASX 200 index reached a record high of 9,213 points following broad market gains. The milestone surpassed the previous peak of 9202.9 points recorded in late February after a 2.3% July gain. "Money is moving across the market rather than one crowded trade," said eToro Lead Analyst for APAC Josh Gilbert. Financial sector shares rose 5.84% in July while energy sector stocks gained nearly 10%. Following the announcement, the S&P/AS

Full story: https://grafa.com/en/news/australia/australia-record-july-sales-of-103-656-vehicles Australia recorded its highest ever July sales total with 103,656 new vehicles delivered. Battery electric vehicles accounted for 23,510 units, representing 21.7% of the total market. Rapid electric vehicle growth may outpace public charging availability, requiring government and private sector investment. The Federal Chamber of Automotive Industries reported that Australian new-vehicle sales reached a record 103,656 units in July. This delivery volume surpassed the previous July record of 103,097 vehicles set in 2025. car sales July "July was another outstanding month for Australian new-vehicle sales," said Federal Chamber of Automotive Industries CEO Tony Weber. Battery electric vehicles accou

Full story: https://grafa.com/en/news/australia/labor-proposes-two-year-extension-for-property-tax-rules The Albanese government published draft legislation to preserve negative gearing on inherited or split investment properties. Developers now receive 24 months instead of 12 months to sell new homes under qualifying tax rules. The proposed changes resolve unintended tax penalties for deceased estates and support longer sales cycles for new apartments. The Albanese government released draft property tax fixes extending qualifying new build timelines from 12 to 24 months. These changes address criticisms of tax reforms passed in June that restrict negative gearing benefits exclusively to new builds. The updated rules preserve negative gearing eligibility when investment properties pass to

Full story: https://grafa.com/en/news/australia/light-wonder-posts-us-120m-net-income-in-q2 The company reported second-quarter financial results featuring US$120 million in net income, up 26% year-over-year. Following the announcement, the Light & Wonder share price was down at $113.50. The company stated that its strategy focuses on scaling recurring revenue and reducing its net debt leverage ratio. Light & Wonder (ASX:LNW) reported second-quarter net income of US$120 million, marking a 26% increase compared to the same period last year. The financial results followed a prior period where the company focused on expanding its recurring revenue streams across gaming and digital segments. The company stated that consolidated revenue grew 2% year-over-year to US$828 million. Net inco

Full story: https://grafa.com/en/news/australia/victorian-anti-corruption-watchdog-releases-firefighters-union-findings The Victorian anti-corruption agency found senior government officials engaged in "serious and concerning" conduct with union leaders. Victorian Premier Ben Carroll pledged to accept all recommendations following the release of the long-awaited report. The report highlighted risks of improper influence and outlined systemic recommendations to reform ministerial codes of conduct. Victoria’s anti-corruption watchdog found former premier Daniel Andrews and senior government members engaged in "serious and concerning" conduct during 2016 firefighter union negotiations, though it stopped short of making findings of corrupt behaviour. The investigation examined a protracted ind

Full story: https://grafa.com/en/news/australia/neuren-pharmaceuticals-reports-us-125m-quarterly-sales Neuren Pharmaceuticals reported record second-quarter DAYBUE net sales of US$125 million. The company earned US$12.9 million in quarterly royalty income as partner Acadia Pharmaceuticals raised full-year guidance. High market uptake of the new DAYBUE STIX powder formulation drove volume growth in the United States. Neuren Pharmaceuticals (ASX:NEU) reported record second-quarter DAYBUE net sales of US$125 million through partner Acadia Pharmaceuticals (NASDAQ:ACAD). The total represents a 30 per cent increase from the same period last year, driven entirely by sales volume. “We are pleased to see an exceptional quarter for DAYBUE,” said Neuren Pharmaceuticals CEO Jon Pilcher. Acadia stated

Full story: https://grafa.com/en/news/australia/endeavour-group-reports-sales-of-12-21b-in-fy26 Total sales rose 1.3% to $12.21 billion for the 2026 financial year. Underlying profit after tax fell to $363 million while the share price traded at $3.48. Pre-tax significant item expenses of $372 million reflect ongoing strategy review implementation. Endeavour Group (ASX:EDV) reported total sales of $12.21 billion for the 2026 financial year, up 1.3% year-on-year. Group underlying profit after tax fell 14.8% to $363 million, down from $426 million in the previous year. Retail earnings before interest and tax dropped to $464 million, down from $563 million in the prior period. The company stated that it expects to recognise $372 million in pre-tax significant items from its strategy review. "

Full story: https://grafa.com/en/news/australia/argo-investments-reports-260-2m-annual-profit Argo Investments delivered a full-year profit of $260.2 million and declared a record fully franked dividend of 38.5 cents per share. The announcement highlights an 8.7% net tangible asset return after costs, outperforming the benchmark index return of 6.1%. The board plans to shift to quarterly dividend payments starting in January 2027 to provide regular income for shareholders. Argo Investments (ASX:ARG) increased its full-year profit to $260.2 million amid volatile macroeconomic conditions. The performance builds on the previous year's $259.8 million profit and outperformed the benchmark index return of 6.1%. "The board intends to declare four quarterly dividends of 10 cents per share, fully f

Full story: https://grafa.com/en/news/australia/telstra-opposes-accc-regional-roaming-market-inquiry The ACCC launched an enquiry into mandating regional mobile data roaming across Australian networks. Telstra opposes mandated roaming, while TPG Telecom and Optus welcome the regulatory review. The ACCC expects to publish a discussion paper in September to evaluate long-term regional mobile competition. The Australian Competition and Consumer Commission launched an enquiry considering mandated wholesale regional roaming access, which Telstra (ASX:TLS) opposes due to concerns over infrastructure investment incentive reductions. The regulatory examination follows a previous 2017 review where the commission concluded that mandated roaming would not benefit consumers. Telstra stated that recent

Full story: https://grafa.com/en/news/australia/lefroy-exploration-reports-drilling-results-at-mt-martin-deposit Lefroy Exploration reported high-grade gold drilling results from its Mt Martin deposit in Western Australia. The company's stock traded up at $0.12 following the announcement of the exploration update. Management is advancing resource modelling and expects to complete a project scoping study during the September quarter. Lefroy Exploration (ASX:LEX) reported gold drilling results from its Mt Martin deposit, including 8m at 3.03 grammes per tonne. The high-grade intersections sit outside the project's existing mineral resource estimate of 460,000 ounces of gold. Drilling confirmed down-plunge mineral continuity across an under-drilled one-kilometre strike length at the East Shea