Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
PEXA Group Limited (ASX: PXA) recorded the sharpest decline, tumbling 5.8% after revising its impairment forecast for FY25 to between $35 million and $40 million. The company also announced the resignation of its Australia chief executive, Les Vance. Shares closed at $12.48, down 2.8% (-$0.36). The revised impairment outlook signals potential financial strain, contributing to investor concerns.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
