ASX (OTCMKTS:ASXFY) Trading Up 7.5% – Time to Buy?

ASX Limited – Unsponsored ADR (OTCMKTS:ASXFY) was up 7.5% on Thursday . The company traded as high as $41.27 and last traded at $40.46. Approximately 39,121 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 53,929 shares. The stock had previously closed at $37.65.

More ASX News

Here are the key news stories impacting ASX this week:

• Positive Sentiment: ASX named senior industry and super‑fund leaders to a new advisory group, a governance move that can strengthen relationships with large institutional customers and support trust in the exchange’s reform agenda. Super fund leaders appointed to ASX advisory group
• Positive Sentiment: ASX reported 1H26 revenue growth, which signals underlying business resilience and likely helped lift sentiment despite cost pressures. (Note: management also updated expense guidance.) ASX Ltd 1H26 earnings: revenue rises, expenses guidance upgraded
• Neutral Sentiment: ASX announced a AU$264m program to modernise technology and boost risk management — a strategic, multi‑year investment that should reduce operational risk long‑term but will raise near‑term spending and execution risk. ASX to spend $264m to modernise tech, uplift risk management
• Neutral Sentiment: Further coverage lists the new advisory group members and frames the governance changes — helpful context for institutional investors assessing ASX’s stakeholder engagement. ASX names members of new advisory group
• Negative Sentiment: Reporting suggests ASX faces a likely ~23% surge in expenses tied to an ASIC regulatory inquiry, which could materially raise near‑term costs and margin pressure. That risk is already weighing on investor assessments of profitability. ASX reveals a likely 23pc expense surge amid ASIC regulatory inquiry
• Negative Sentiment: Macro/headline risks: a stronger Australian dollar is raising earnings‑translation concerns for listed companies and broader market volatility, while a slump in the tech sector is weighing on market breadth — both factors can depress trading volumes and fee growth for an exchange operator. Rollicking Australian dollar sends earnings fears across ASX giants
• Negative Sentiment: Market commentary notes the ASX index has been held back by a tech slump even as commodity names rally — weaker sector performance can reduce listings activity and market turnover, pressuring exchange revenues. ASX weighed down by tech sector slump despite BHP hitting new highs

Analyst Ratings Changes

Several brokerages have recently issued reports on ASXFY. The Goldman Sachs Group set a $57.00 price objective on shares of ASX and gave the stock a “neutral” rating in a research note on Thursday, January 8th. UBS Group upgraded shares of ASX from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 7th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $57.00.

ASX Stock Performance

The business’s 50 day simple moving average is $36.13 and its 200 day simple moving average is $38.96.

About ASX

The Australian Securities Exchange (OTCMKTS:ASXFY) is Australia’s primary securities exchange operator, providing a comprehensive range of capital-markets services. Its core activities include the listing and trading of equities, exchange-traded funds, fixed income products, derivatives and commodities. ASX also operates clearing and settlement facilities through its Clearing House Electronic Subregister System (CHESS), ensuring the integrity and efficiency of post-trade processes for both domestic and international participants.

Established in 1987 through the merger of six state-based exchanges and demutualized in 1998, ASX has continually invested in market infrastructure and technology.