Australian Shares Rise; Qube Agrees to be Acquired by Macquarie Unit-Led Consortium

MT Newswires Live
Feb 16

Australian shares rose at market close on Monday, as the technology sector rebounded after a rout last Friday.

The S&P/ASX 200 index gained 0.22%, or 19.50 points, to close at 8,937.10.

The US financial markets will be closed on Monday for a public holiday on Presidents' Day, while Chinese markets will be closed for the week for the Lunar New Year.

In company news, Qube Holdings (ASX:QUB) entered into a scheme implementation deed with a consortium led by Macquarie Group's (ASX:MQG) Macquarie Asset Management unit for the consortium to fully acquire the company through a scheme of arrangement. Qube's shares climbed over 3% on market close to reach an all-time high, while those of Macquarie Group were up 1%.

JB Hi-Fi (ASX:JBH) reported Monday fiscal first-half earnings of AU$2.789 per share, up from AU$2.601 a year earlier. Revenue for the six months ended Dec. 31, 2025, was AU$6.09 billion, compared with AU$5.67 billion a year earlier. Its shares jumped over 7% on market close.

Lastly, Aurizon Holdings (ASX:AZJ) reported Monday underlying fiscal first-half earnings of AU$0.136 per share, up from AU$0.113 a year earlier. Revenue and other income for the six months ended Dec. 31, 2025, reached AU$2.1 billion, compared with AU$2.02 billion a year earlier. Its shares rose over 6% on market close, reaching a one-year high.

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