Momentum Boosts Codan and Capstone Copper Amid Mixed Outlook for ASX 200

The S&P/ASX 200 Index (ASX: XJO) shares rose by 0.4% to 8,651 points on Friday.

Codan Ltd (ASX: CDA) has seen its share price increase by 111% over the past six months, and is currently trading at $67.64 per share. The broker Bell Potter has given it a 'buy' rating.

In a recent note, Bell Potter stated that Codan's 1H27 trading update showed an acceleration in the strong momentum seen in August 2026. Communications revenue growth is expected to reach 30-40% for FY27, up from its previous target range of 20%. Metal detection revenue has also increased, driven by recently launched detectors and a favorable gold price.

Capstone Copper Corp CDI (ASX: CSC) saw its share price rise by 28% over the past six months to $14.08 per share. However, Ord Minnett downgraded its rating from 'buy' to 'hold', citing that the sale of Cozamin mine for up to US$385 million was below market expectations.

The Commonwealth Bank of Australia (ASX: CBA) share price increased by 0.6% on Friday and is trading at $150.57 per share. John Athanasiou from Red Leaf Securities has given it a 'sell' rating, citing that its premium valuation leaves little room for disappointment.