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Australia’s leading fund managers are actively seeking value in sectors that fell out of favour last financial year, particularly technology and healthcare, believing many stocks were unfairly punished amid market volatility. The ASX technology sector, in particular, has become a popular hunting ground following a sharp sell-off in the March quarter, driven by fears that artificial intelligence advancements could displace traditional software businesses.

The Australian housing market is currently facing significant pressures, with dwelling values declining in major cities. Over the past three months, Melbourne and Sydney have registered annualised declines of approximately 10 per cent and 12 per cent, respectively. Nationally, dwelling prices fell at a 5.3 per cent annualised pace over the same period. Contributing to these market dynamics are recent government policy decisions.

Australian shares saw a positive trading session, with the ASX rising and broader shares up by more than one per cent. This local uplift occurred as global economic indicators presented a mixed picture, with the Dow Jones resetting a record high. However, the US economy experienced a sharp slowdown in hiring during June, adding just 57,000 jobs and seeing prior months’ figures revised lower. The US jobless rate, despite the slowdown, fell to 4.2 per cent, reflecting an evolving labour market.

Kingston Resources Limited (ASX: KSN) has announced that its fully underwritten non-renounceable rights issue, designed to raise approximately $8.47 million before costs, is now open. Kingston Resources Limited is an Australian mineral exploration and development company primarily focused on advancing its gold projects. The Entitlement Offer invites eligible shareholders to subscribe for new shares at $0.035 each, with funds earmarked for strategic development initiatives.

Echelon Resources Limited (ASX: ECH) has announced the successful completion of its divestment from Cue Energy Resources Limited (ASX: CUE). This transaction, which saw Horizon Oil Limited (ASX: HZN) acquire Cue via an off-market takeover, finalises the settlement of a pre-bid agreement and Horizon’s subsequent takeover offer for Echelon’s remaining Cue shareholding.

Australian shares rallied at midday, with the S&P/ASX 200 rising 1.19% to 8,827.9 at 12:20pm AEST after weaker-than-expected US jobs data eased concerns about further interest rate rises. Gold miners and healthcare stocks led the gains, while utilities lagged for a second straight session and the major banks delivered a mixed performance.

Flynn Gold Limited (ASX: FG1) announced on 3 July 2026 that its maiden five-hole diamond drilling program at the Silver King Prospect, part of the 100%-owned Henty Silver-Lead-Zinc Project in western Tasmania, has successfully confirmed significant strike-extensive silver-lead-zinc mineralisation. Flynn Gold is an Australian mineral exploration company with a portfolio of projects in Tasmania, highly prospective for gold, tin, tungsten, silver, lead, and zinc.

Noronex Limited (ASX: NRX) announced on 3 July 2026 that maiden reconnaissance drilling has confirmed a broad uranium system at its Etango North Project in Namibia. Noronex is an ASX-listed copper explorer with advanced projects across Namibia, Botswana, and Canada, also holding a uranium tenement in Namibia’s hard-rock uranium district.

Excite Technology Services Limited (ASX: EXT) has announced it has secured firm commitments to raise $3.26 million through a placement of fully paid ordinary shares. Shares will be issued at $0.006 (0.6 cents) each to existing and new institutional and professional investors.

Equity Trustees Limited, as the responsible entity for the Nanuk New World Fund (Currency Hedged) Active ETF (ASX: NNWH), has requested the immediate lifting of the trading halt on the fund’s units. The announcement, issued on 3 July 2026, signals the imminent resumption of normal trading for NNWH.