ASX Market in 2024 and Australian currencies will be driven by significant triggers. These factors, which include the Chinese economy, interest rates, geopolitics, and corporate profits, are probably going to be the main ones.
Inflation appears to be under control as a result of interest rate hikes implemented by central banks globally. Inflation may fall in the second half, interest rates may be lowered, and share markets may rise as a result of stronger than anticipated growth.
Value investors, however, are concerned about a number of factors, including rising commodity prices, increased expectations of interest rate reductions, declining bank net interest margins, declining operational earnings, cost pressure, and declining demand. In spite of all of this, some counters are responding with resilience, refusing to look back, and continuing to trend upward.
Here, we present some of the Top ASX companies in 2024. Let's watch them:
Virgin Money UK Plc (ASX: VUK)
Market capitalization: $5.29 billion
CMP: $4.055
It offers a range of banking services for retail and business customers through branches, business banking centers, direct and online channels, and brokers.
Fisher & Paykel Healthcare Corporation Limited (ASX: FPH)
Market Capitalization: $13.32 billion
CMP: $22.805
The company designs, manufactures, markets, and sells medical device products and systems worldwide.
De Grey Mining Limited (ASX: DEG)
Market Capitalization: $2.41 billion
CMP: $1.30
De Grey Mining Limited is a mining company that works in Australia on exploration projects. At its Turner River Project, the company primarily conducts mineral exploration.
Als Limited (ASX: ALQ)
Market Capitalization: $6.29 billion
CMP: $13
With an emphasis on testing, measurement, and inspection, ALS Limited is a professional technical services provider. Its segments are Life Sciences, which provides analytical testing data for the global environmental, food, pharmaceutical, and other industries, and Commodities, which provides assaying and analytical testing services for mining and mineral exploration.
Jumbo Interactive Limited (ASX: JIN)
Market Capitalization: $1.08 billion
CMP: $17.11
Jumbo Interactive Limited is the digital retailer of official government and charitable lotteries in Australia and select other countries.
Reference: *All data has been sourced from company announcements and Refinitiv, Thomson Reuters.
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