Viva Energy Group Ltd, Codan Ltd, and AMP Ltd shares have all climbed to fresh annual highs in Wednesday lunchtime trade.
As Australia's second-largest vertically integrated refined transport fuel supplier, Viva Energy has enjoyed tailwinds from tight fuel supply and rising prices through 2026 as conflict in the Middle East constrains the flow of oil in and out of the region.
The news followed an update from the company in late July, in which it said its Geelong refinery had successfully returned to 90% of its operations after being affected by a fire in April.
AMP shares are up around 3% this morning, to an eight-year high of $2.61 per share.
Last month, the company announced a 33% increase in underlying NPAT for the first half of FY26, and a 8.2% year-on-year increase in AUM to $167.6 billion.
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Viva Energy Group Ltd, Codan Ltd, and AMP Ltd shares have all climbed to fresh annual highs in Wednesday lunchtime trade.
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Viva Energy Group Ltd, Codan Ltd, and AMP Ltd shares have all climbed to fresh annual highs in Wednesday lunchtime trade.
Viva Energy shares have climbed around 1% and are trading at a two-year high of $3.24 a piece. The increase means the shares have jumped about 14% over the past month and are now up around 55% year to date.
As Australia's second-largest vertically integrated refined transport fuel supplier, Viva Energy has enjoyed tailwinds from tight fuel supply and rising prices through 2026 as conflict in the Middle East constrains the flow of oil in and out of the region.
Its NPAT also boomed 493% higher to $371.1 million.
The news followed an update from the company in late July, in which it said its Geelong refinery had successfully returned to 90% of its operations after being affected by a fire in April.
TradingView data shows the majority have a buy/strong buy rating on the shares. Although after the latest rally, the $3.04 average target price now implies a potential 6% downside ahead.
AMP shares are up around 3% this morning, to an eight-year high of $2.61 per share. After the financial services shares dipped to an annual low of $1.16 in March, they've mostly consistently climbed higher to the time of writing.
AMP shares have rallied higher since March on the back of a rebound in investor sentiment.
Last month, the company announced a 33% increase in underlying NPAT for the first half of FY26, and a 8.2% year-on-year increase in AUM to $167.6 billion.
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