Australian stocks surge in 6 years

Shares of AXS Limited jumped by 9%, marking the largest daily gain since March 2020. This increase was supported by an optimistic outlook for the company's listing activities and a 45% rise in the number of listed companies over the past year until June, with 100 new companies being added. Despite a 3.5% decrease in annual net income to AUD 484.9 million, revenues increased by 13%, while total expenses rose by 21%. The stock exchange anticipates capital expenditure to remain between AUD 180 and 200 million for the current fiscal year, with dividends of AUD 1.047 per share being announced.

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