Codan (ASX: CDA): Trading Update Fuels a Breakout to Record Highs
Sep 29, 2026
Proactive Equities Team
Codan (ASX: CDA) hit record highs following a strong FY26 and upbeat FY27 outlook. Driven by robust Communications and Minelab growth, the stock surged 23.9%. Despite technical overextension, market momentum remains high, fuelled by solid order intake and earnings visibility.