Market Overview
The S&P/ASX 200 closed lower on Monday, dropping 55.40 points or 0.61% to 9,026.00. Information technology and health care sectors led the declines amid profit-taking after a strong weekly gain of 1.84% to 9,081 last week. US markets provided mixed cues with the Nasdaq up 0.9% on Friday following a Supreme Court ruling on tariffs, though renewed trade policy uncertainty weighed on sentiment.
Index & Breadth
The S&P/ASX 200 closed at 9,026.00, down 55.40 points or 0.61%. Over the last five days, the index gained 0.99% and stands 1.01% off its 52-week high.
Sectors
- Materials +1.53%, supported by strength in gold and broader mining stocks including BHP up 1.5%.
- Industrials +0.17%, buoyed by select performers amid broader market weakness.
- Consumer Staples +0.08%, holding firm as defensive buying emerged.
- Information Technology -4.55%, hit by declines in WiseTech Global -5.7% and NextDC -5%.
- Health Care -2.41%, pressured by sector-wide selling.
- A-REIT -2.23%, reflecting reduced investor appetite for property trusts.
Stock Highlights
Standout Gainers
- REH Reece Limited +13.916% to 15.880 after first-half EBIT of $262 million beat estimates on cost management.
- GYG Guzman y Gomez Limited +8.613% to 19.040.
- PNR Pantoro Gold Limited +8.589% to 5.310 amid gold sector strength.
- RMS Ramelius Resources Limited +8.204% to 4.880.
Underperformers
- MP1 Megaport Limited -17.513% to 7.960 as technology stocks extended losses.
- DTL Data#3 Limited -14.396% to 7.790 amid sector weakness.
- PRN Perenti Limited -13.830% to 2.430 after softer-than-expected first-half results.
- ASB Austal Limited -10.953% to 5.610.
Commodities & FX
Gold buy price $7,294.51/oz, silver 125.86/oz, platinum $3,124.61/oz, palladium $2,614.76/oz. AUD/USD at 0.7084. Gold-related stocks outperformed as safe-haven demand lifted materials sector amid equity weakness.
Takeaways
- S&P/ASX 200 down 0.61% or 55.40 points to 9,026.00 after strong 1.84% weekly gain to 9,081.
- Information Technology worst performer at -4.55%, Materials top gainer +1.53%.
- REH Reece Limited led gains +13.916% to 15.880 on strong EBIT results.
- MP1 Megaport Limited biggest decline -17.513% to 7.960 in tech rout.
- Gold buy price at $7,294.51/oz supported mining strength.
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