ASX Ltd's stock price surged 5.03% during intraday trading on Thursday, following a significant corporate announcement.
The sharp rise comes after the company appointed seven members to its newly constituted Advisory Group on Corporate Governance (AGCG). The group, which replaces the ASX Corporate Governance Council, will be chaired by Dr. Philip Lowe, the former Governor of the Reserve Bank of Australia.
Investors reacted positively to the news, viewing the establishment of a high-caliber advisory group as a strong commitment to enhancing corporate governance standards and oversight at the exchange operator.