ASX Ltd's monthly report for November shows stronger listings and cash market trends than anticipated by Ord Minnett, led mostly by the strong bounce back in equity markets.

On the flip side, ASX faced some technology issues following the implementation of a trading system software update that went wrong. This drew the attention of the Australian Securities and Investment Commission (ASIC) which may lead to a fine or higher costs, suggests Ord Minnett.

Ord Minnett maintains its Lighten rating with a target of $77.28.

Sector: Diversified Financials.

Target price is $77.28.Current Price is $77.64. Difference: ($0.36) - (brackets indicate current price is over target). If ASX meets the Ord Minnett target it will return approximately 0% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2020 Acquisdata Pty Ltd., source FN Arena