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ASX Market Update – Thursday, March 26
Welcome to our live coverage of the ASX for Thursday, March 26. We will provide frequent updates throughout the morning, wrapping up by around 12:00 pm AEST. Your feedback is appreciated; please take a moment to let us know how we can improve.
Technology Sector Decline
10:25 am: The S&P/ASX 200 Technology Index has decreased by 1.91%. This dip comes despite the NASDAQ rising by 0.77% overnight, driven by a 1.46% drop in yields and the VIX falling to 25.32.
Key Performers in Tech:
| Symbol | Company | Change | Price |
|---|---|---|---|
| XRO | Xero | -3.17% | $72.40 |
| 360 | Life360 | -2.58% | $19.10 |
| MP1 | Megaport | -2.27% | $7.76 |
| TNE | Technology One | -2.17% | $26.85 |
| WTC | Wisetech Global | -2.02% | $38.81 |
| DGT | Digico Infrastructure REIT | -1.90% | $1.70 |
| PME | Pro Medicus | -1.74% | $118.69 |
| DTL | Data#3 | -1.45% | $6.82 |
| DDR | Dicker Data | -1.03% | $8.61 |
ASX 200 Gainers and Losers
10:14 am: Here’s a snapshot of the top movers in the S&P/ASX 200 today.
Top Gainers:
| Symbol | Company | Change | Price |
|---|---|---|---|
| DRO | Droneshield | +7.04% | $4.56 |
| IFT | Infratil | +4.87% | $9.69 |
| REG | Regis Healthcare | +4.33% | $6.51 |
| CEN | Contact Energy | +4.11% | $7.60 |
| EOS | Electro Optic Systems | +3.43% | $9.34 |
Top Losers:
| Symbol | Company | Change | Price |
|---|---|---|---|
| DTR | Dateline Resources | -5.41% | $0.53 |
| EMR | Emerald Resources | -3.83% | $5.02 |
| REA | Rea Group | -3.20% | $152.87 |
| RYM | Ryman Healthcare | -2.76% | $1.76 |
| WAF | West African Resources | -2.54% | $3.07 |
L1 Gold Fund Secures $900 Million in IPO
10:01 am: L1 Group has initiated an IPO for L1 Gold Fund Limited, raising approximately $900 million in commitments ahead of its anticipated listing on the ASX on April 24, 2026.
- Strong demand prompted the early closure of the Broker Firm Offer, with many current Wholesale Gold Fund unitholders opting to roll over into LGF.
- The founders, Mark Landau and Raphael Lamm, have pledged at least $120 million, aligning their interests with shareholders.
- The fund’s fee structure includes a management fee of 1.00% per annum and a performance fee of 20% for achieving excess returns over six-month periods.
Qoria Provides Operational Insights
9:50 am: Qoria shared a significant operational update for its merger with Aura, a cybersecurity firm, highlighting substantial subscriber growth and revenue increases.
- Annual recurring revenue reached $238 million as of February 28, 2026—a 30% increase year-on-year.
- The subscriber base increased to 1.3 million, up 35% year-on-year.
- Annualized cost savings of roughly $15 million have been implemented, with contributions mainly from personnel and operational efficiencies.
Monash IVF Appoints New Interim CFO
9:42 am: Leadership at Monash IVF sees a shift as Birol Akdogan steps in as interim CFO, bringing prior experience from Ansell Limited and DBG Health. Malik Janudin, the outgoing CFO, will assist during the transition until April 2, 2026.
Washington H. Soul Pattinson Reports Strong H1 Results
9:33 am: Washington H. Soul Pattinson (ASX: SOL) has posted robust first-half results showing growth in earnings, asset value, and dividends.
- NPAT increased by 7% to $304 million.
- Revenue surged 66% to $818 million compared to the previous period’s $493 million.
- Net Asset Value rose 14% to $13.8 billion.
Morning Recap
9:18 am: ASX 200 futures rose by 25 points (+0.29%) at 8:30 am AEDT.
- Major US indices showed positive movement, bolstered by potential de-escalation in Middle Eastern conflicts.
- WTI Crude has dropped by 1.1%, while gold prices are on the rise.
Stay tuned for further updates throughout the day!
